{"id":3768,"date":"2005-12-23T00:00:00","date_gmt":"2005-12-23T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-fund-urges-mellon-to-spin-off-key-business","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2005\/hedge-fund-urges-mellon-to-spin-off-key-business.html","title":{"rendered":"Hedge fund urges Mellon to spin off key business"},"content":{"rendered":"<p>  BOSTON, Dec 22 (Reuters) &#8211; Hedge fund Highfields Capital on Thursday pressured Mellon Financial Corp. (MEL.N: <a href=\"..\/stocks\/overview.aspx?symbol=MEL.N\">Quote<\/a>, <a href=  \"..\/stocks\/CompanyProfile.aspx?symbol=MEL.N\">Profile<\/a>, <a href=\"..\/stocks\/ResearchReports.aspx?symbol=MEL.N\">Research<\/a>) to separate its two main businesses, arguing shareholders are losing  money because the company tries to do too many things at once.<\/p>\n<p>  Highfields is one of Mellon&#8217;s 10 largest shareholders and has previously forced change at investment management company Janus Capital, Morgan Stanley and others.<\/p>\n<p>  <a href=\"http:\/\/today.reuters.com\/investing\/financeArticle.aspx?type=fundsNews2&amp;storyID=URI:urn:newsml:reuters.com:20051222:MTFH49517_2005-12-22_22-24-08_N22244273:1\"><strong>Read Complete  Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BOSTON, Dec 22 (Reuters) &#8211; Hedge fund Highfields Capital on Thursday pressured Mellon Financial Corp. (MEL.N: Quote, Profile, Research) to separate its two main businesses, arguing shareholders are losing money because the company tries to do too many things at [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-3768","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/3768","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=3768"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/3768\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=3768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=3768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=3768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}