HEDGE FUND NEWS

New York Post- New York hedge fund Ramius took a bite out of CKE Restaurants Inc. - the owner of burger joints Hardee’s and Carl’s Jr. - with a scathing letter sent to CEO Andrew Puzder.
Blasting him for the company’s "suboptimal performance," Ramius vowed to vote against Puzder and three other directors at the company’s […]

Reuters- Officially, a potential $47.5 billion deal for Microsoft Corp to buy Yahoo Inc is over, at least for now.
But longer term, hedge fund managers and analysts said the Yahoo board now faces more pressure than ever to deliver shareholder value in the wake of the collapsed deal and could be forced to reopen merger […]

West Palm Beach (HedgeCo.Net)- Francis Koenig, Chairman of AdultVest Inc., announced the acquisition of iPorn.com. The acquisition coincides with the firm’s online marketplace topping $7 Billion in available capital for adult industry related investments.
"We are very excited about the acquisition… Investors in our Priapus Investment Fund, LLC are extremely pleased to be a part […]

Reuters- Activist hedge funds have struck their first victory in France, building on successes in Britain and the Netherlands, where their aggressive tactics have forced several companies to bend to their will.
Centaurus Capital and Pardus Capital Management got their way at French IT services company Atos Origin on Wednesday, with the ouster of chairman Didier […]

LONDON (Reuters) - Polling and research group YouGov said on Monday it is aiming to raise up to $50 million (25 million pounds) for the launch of a hedge fund that will use polling data to highlight lucrative investment strategies.
The YouGov Alpha fund, which will be managed by investment boutique Four Capital, aims to gain […]

Times Online- Arpad Busson was 10 minutes late. As the 44-year-old financier (who is also actress Uma Thurman’s boyfriend) hobbled through the door of his Mayfair boardroom, it became apparent why.
“I’ve done my back in,” said Busson, in a hoarse French accent. The injury is an old one acquired on the ski slopes.
Born […]

Chicago Tribune- Maybe plain-vanilla stock and bond mutual funds will do the job after all.
Long-short funds — the newfangled mutual funds designed to give common investors a hedge fund experience and protection during downturns — recently went through one of their first major tests. And they flopped.
In July and August, with investors concerned over subprime […]