Monthly Archives: February 2017
Och-Ziff Capital Management Suffers $13B in Redemptions In Past 13 Months
(FINalternatives) Investors pulled some $13 billion from beleaguered Och-Ziff Capital Management over the past 13 months as the hedge fund manager dealt with the fallout of a five-year bribery investigation and very expensive settlements with the U.S. Justice Department and […]
Ashford Prime Reaches Deal With Sessa Capital
(Reuters)Ashford Hospitality Prime Inc. has reached an agreement with hedge fund Sessa Capital to add two directors to the real estate investment trust’s board.The agreement ends a long feud between the company and the hedge fund, which launched a proxy […]
Hedge Fund TCI Says Has Support in Battle Against Safran-Zodiac Deal
(Reuters) Hedge fund operator TCI Fund Management said on Thursday it had the support of several other investment firms in its protest against aero engines maker Safran’s agreed bid for seats manufacturer Zodiac Aerospace.”We have received support from several American […]
CSX Activist Mantle Ridge Says Willing to Adjust Demands
(Reuters) The activist investor targeting U.S. railroad operator CSX Corp. (CSX.O) said in a letter to the company’s board on Thursday that he was willing to adjust certain demands as long as his CEO candidate was guaranteed a four-year contract. […]
BlackRock Backs Gold to Hedge Market Risk
(Bloomberg) Investors should probably be a little more nervous, according to one BlackRock Inc. money manager. Stocks have rallied to records amid signs of stabilization in China’s economy and bets that President Donald Trump will boost U.S. infrastructure spending, roll […]
Bets on Fortress Placed Before Bid News Yield 400% Profit
(CNBC) A trader or traders in the options market made an estimated profit of 400 percent betting on a big move in Fortress Investment Group shares on Tuesday, just hours before the private equity firm announced a $3.3 billion takeover […]
Stocks Turn Away from Record Highs as Hedge Fund Short-Covering Dries Up, Oil Futures Turn Negative
(Nasdaq) The S&P 500 slipped into red for the first time in eight days, coinciding with reports that Catalyst Fund had covered a $17 billion short position, and oil futures reversed early gains. As a result, the energy sector is […]
Alternative Strategies: What Have the Past Three Years Taught Investors?
(Harvest) When I joined Invesco in 2014 and started blogging about alternatives , alternative investment strategies were fairly new to individual investors; most of these mutual funds had track records of less than three years. At that time, many people […]
Understanding The Difference Between Alpha, Beta, & Cash Returns
(Harvest) At their highest level, investment returns can be subdivided into three components: the cash rate, beta, and alpha. return = cash + beta + alpha The cash rate is the base interest rate controlled by central banks. Every other […]
Fortress Executives to Cash in $1.39bn from SoftBank Sale
(Bloomberg) The three leaders of Fortress Investment Group LLC will reap a combined $1.39 billion from the sale of the alternative-asset manager to SoftBank Group Corp. Co-Chairmen Pete Briger and Wes Edens own stakes worth $510 million and $511 million, […]
Veritas Capital Hits $3.55B Hard Cap On Sixth PE Fund
(FINalternatives)Private equity company Veritas Capital has raised $3.55 billion for its sixth buyout fund, handily exceeding its $3 billion target within four months of entering the marketplace and closing at its hard cap. To read this article:
SEC Charges Company and Officers With Defrauding Investors
(HedgeCo.NET) The Securities and Exchange Commission today charged a California-based penny stock company and four corporate officers with misleading investors about the research, development, and profitability of their purported business to manufacture power generation products such as fuel cells. The […]