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Category Archives: Activist Funds

Sandell Hedge Fund Sends Activist Letter To TransCanada

New York (HedgeCo.Net) – Activist hedge fund Sandell Asset Management is taking on oil giant TransCanada, requesting a spinoff of its energy sector and urging the company to take advantage of a low tax paying affiliate. “Although we are excited […]

Activist Hedge Fund Files Against Kabel Deutschland

New York (HedgeCo.Net) – One of Paul Singer’s activist hedge funds, Elliott Associates, L.P., has filed a lawsuit against Kabel Deutschland Holding AG and Vodafone, the WSJ reports. Elliott, which has a 13.5% stake in Kabel Deutschland (KDG) via the […]

Hedge Fund Giants Join Up To Raise $6 Million For Charity

New York (HedgeCo.Net) – Hedge fund sponsored event, Robin Hood, yesterday concluded its 2nd annual Investors Conference, raising $6 million to support hundreds of the most effective job-training programs, schools, soup kitchens, shelters and other poverty-fighting programs throughout New York […]

AIMA Launches OTC Guidelines for Hedge Funds

New York (HedgeCo.Net) – The Alternative Investment Management Association (AIMA), the global hedge fund industry association, has launched OTC derivatives clearing guidelines for asset managers. AIMA’s Guide to Sound Practices for OTC Derivatives Clearing provides guidance on the new regulatory […]

Republican Hedge Fund Manager Backs Gay Marriage

New York (HedgeCo.Net) –  Paul Singer, the founder and CEO of hedge fund Elliott Management, presented awards to Ted Olson and David Boies, the two lawyers that won the Claifornia Supreme Court case challenging Proposition 8. “The building block of every community is […]

Retired Hedge Fund Manager Raises Funds To Rival Koch Super-Pac

New York (HedgeCo.Net) – Tom Steyer, Billionaire and founder of hedge fund Farallon Capital Management is raising funds for his super-pac NextGen Climate Action. The NYT reports that Tom Steyer seeks to rival the conservative political group funded by Charles and David […]

Hedge Fund Founder Says Income Inequality “A Big Issue”

New York (HedgeCo.Net) – In his annual State of the Union address, President Obama said that, “inequality has deepened” and “economic mobility has stalled.” Obama also promised to tackle economic inequality “with or without Congress.” “Today, after four years of economic growth, corporate profits […]

Vulture Hedge Funds Fight Over Europe’s Debt

New York (HedgeCo.Net) – Marathon Asset Management, the New York-based $11 billion hedge fund is reported to be starting a hedge fund to focus on European distressed debt. “The $530 million fund was opened on Jan. 15 and will start […]

Activist Hedge Fund Wants Changes At Juniper

New York (HedgeCo.Net) – Tech company Juniper Networks saw its stock rise nearly 10% yesterday when Paul Singer’s hedge fund, Elliot Management, sent the board of directors suggestions on how to boost their share price and increase profits. The $23 billion hedge fund holds 6.2% […]

Activist Hedge Funds Fight For Media Company Management

New York (HedgeCo.Net) – Minnesota-based entertainment company ValueVision Media has rejected proposals by $1.5 billion activist hedge fund Clinton Group to hold a shareholder meeting in order to elect a new CEO and board of directors. The Clinton Group then joined […]

Former Centaurus Hedge Fund Founder Donates $10 Million During Government Shutdown

New York (HedgeCo.Net) – Former hedge fund manager John Arnold and his wife have pledged up to $10 million in an effort to fund Head Start programs that could no longer operate due to the government shutdown. “Early childhood programs for […]

Loeb’s Activist Hedge Fund Acquires 5.7% Stake in Sotheby’s

New York (HedgeCo.net) – A new filing with the SEC shows that Daniel Loeb’s $14 billion hedge fund Third Point LLC spent over $156 million on the acquisition of a 5.7% stake in Sotheby’s. The well known activist hedge fund Third […]

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