Tag Archives: s board


Massachusetts Cuts Hedge Funds After Pension Loss

Bloomberg – Massachusetts will cut investments in hedge funds after its public pension plan lost a record 24 percent on all assets in the fiscal year ended June 30. The state pension plan’s board of trustees voted today to lower […]

Hedge Fund Shareholder Joins Board of Directors

HedgeCo.net (West Palm Beach) – Hedge fund founder J. Winder Hughes, III, has joined wastewater treatment and power generation technology company, ThermoEnergy Corporation, on the Company’s Board of Directors. Hughes is the Managing Director of the private equity firm of […]

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 […]

CSX, hedge fund fight in Congress; troubled fund backs off activism

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 […]

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 […]

Improving Hedge Fund Industry Corporate Governance

Seeking Alpha – I saw today a very interesting article in the FT about the discussion going on at the SEC about a rule allowing US investors to nominate company directors. Companies at present nominate their own directors. Shareholders have […]

Chemed spars with hedge fund over board nominees

Reuters – Hospice-care provider Chemed Corp, which also offers plumbing services under the Roto-Rooter brand, is urging shareholders to reject a hedge fund’s proposal to nominate five dissident directors to Chemed’s board. Chemed has asked shareholders to discard proxy cards […]

Target’s activist shareholder to hold town meeting

Daily Times – Less than three weeks ahead of what’s expected to be a heated proxy contest at Target’s annual shareholders’ meeting, activist shareholder William Ackman aims to strengthen his case to investors for a new slate of directors by […]

Hedge Fund Head Nominates Himself, Four Others to Target Board

New York (HedgeCo.Net) – Pershing Square Capital head William Ackman is planning to nominate himself, along with four others to the Target Corp. board of directors, in which the hedge fund holds a near 10 percent stake. Ackman has confirmed […]

Placer County supervisors hedge bets on stimulus solving sewer woes

Auburn Journal – Placer County is pumping money into a North Auburn sewer treatment plant upgrade while seeking federal funding for a pricey regional wastewater pipeline from North Auburn to Lincoln. No decision has been made to commit to either […]

HudBay CEO’s exit doesn’t quiet critics

ReportonBusiness.com – A group of dissident shareholders enraged over HudBay Minerals Inc.’s corporate missteps is pressing on with plans to oust the company’s board even after the resignation of the mining firm’s embattled chief executive officer. HudBay said yesterday that […]

Chief investment officer for pension fund resigns

San Diego Union Tribune – The county pension board’s chief investment officer has resigned a week after a second hedge fund collapse in which employee retirement investments could lose as much as $78 million. David Deutsch, who held the job […]

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