Florida Times-Union – CSX Corp.’s proxy fight with two hedge funds ended in September with four nominees from The Children’s Investment Fund Management LLP and 3G Capital Partners Ltd. winning election to CSX’s board.

But even though the fight is long over, it continues to be in the news.

Last week, Securities and Exchange Commission Chairwoman Mary Schapiro told a U.S. Senate subcommittee that the commission is considering new disclosure rules on equity swap arrangements. According to a Bloomberg News story, the SEC’s examination of equity swaps is a direct result of CSX’s battle with TCI and 3G.

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Tags: bloomberg news, capital-partners, chairwoman, csx, csx corp, disclosure rules, equity swap, florida times union, hedge funds, investment fund management, mary schapiro, news last week, proxy fight, rsquo, s board, securities-and-exchange-commission, senate subcommittee, tci, times-union, u s senate

Birmingham Business Journal – The hedge fund created by activist investor William Ackman to buy up shares of Target Corp. lost 40.1 percent of its value in January, according to a Bloomberg News report. 

Since creating the fund, called Pershing Square IV, Ackman has acquired a 9.7 percent stake in Target. He recently attempted to convince Target to spin off its real estate holdings into an investment trust. However, company officials decided not to pursue the strategy. Ackman also urged Minneapolis-based Target to sell off its credit-card receivables. It completed the sale of half of its receivables last year.

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Tags: birmingham business journal, bloomberg news, company officials, credit card receivables, investment trust, investor, minneapolis, news report, percent-stake, pershing square, real-estate, target-corp