Tag Archives: board-of-directors
Delphi Favors Bid from Lenders
Private Equity Hub – A group of hedge funds that provided bankruptcy funding to Delphi Corp on Monday won a high-stakes auction to take control of the auto parts supplier, scuttling a rival deal brokered by the Obama administration. Delphi’s […]
Tollgrade Communications challenges independence of nominees for board
Pittsburgh Tribune Review – Tollgrade Communications Inc. is challenging the independence of two nominees for seats on its board of directors because a dissident hedge fund group is paying them to run as part of its bid for control. Tollgrade, […]
Target shareholders reject Ackman board slate
Times and Democrat – Activist shareholder William Ackman sought for months to replace four incumbents on the Minneapolis-based retailer’s board of directors with five of his own picks, including himself. The head of Pershing Square Capital Management, which has a […]
Advisory firms split decisions on Ackman
StarTribune.com – Score a big one for Target Corp. provocateur William Ackman. The activist shareholder got a boost from the business world’s most influential proxy advisory firm on Tuesday, when RiskMetrics Group said that investors should vote for Ackman and […]
Solon-based Agilysys settles dispute with hedge fund operator
The Plain Dealer – Solon software company Agilysys Inc. has settled its differences with New York hedge fund operator and investor Ramius LLC by appointing two Ramius associates to its board of directors. The action, which Agilysys announced this week, […]
Citadel Limits Redemptions in Two Hedge Funds
New York (HedgeCo.Net) – Chicago-based Citadel Investment Group has frozen redemptions from its two largest hedge funds after investors moved to withdraw $1.2 billion, according to a letter sent to clients on Friday. The letter, signed by CEO Kenneth Griffin, […]
Citadel Hedge Funds Down, But Not Out
New York (HedgeCo.Net) – Chicago-based Citadel Investment Group lost 13 percent in November, according to a report published by the Wall Street Journal. This brings the hedge fund firm’s total losses to 47 percent for the year. The losses stem […]
Hedge fund Avenue Capital says now is time to buy
Forbes – Financial assets have become so cheap because of the credit crisis that now is a good time to scoop up bargains, the head of one of the world’s biggest hedge funds, Avenue Capital, said on Wednesday. ‘Now is […]
Transcript: Howard Lutnick
Welcome, I’m Steve Forbes. It’s a pleasure and privilege to introduce you to our featured guest, Cantor Fitzgerald CEO Howard Lutnick. He’ll tell us why October was his company’s best month ever. But first…This ongoing financial crisis is driven by […]
