Monthly Archives: April 2019
Musk and SEC request delay on deadline to resolve tweet dispute
(New York Post) Elon Musk and the Securities and Exchanges Commission are still struggling to put their “reasonableness pants on….”The two parties have requested an extension — of April 25 — on their court-ordered directive to work out their issues […]
Pernod CEO: In Regular and ‘Courteous’ Talks with Elliott
(Reuters) Drinks group Pernod Ricard is having regular and “courteous” talks with activist investor Elliott, although it is not necessarily meeting Elliott any more than it would with any other regular shareholder, the head of Pernod told Reuters. “There is […]
Qualcomm Hands Apple a Stunning Defeat
(Seeking Alpha) “This is an enormous win for Qualcomm because the suit and related suits were life threatening to the company,” said Roger Kay, an analyst with Endpoint Technologies Associates. “For Apple, a loss would have been financially punishing, but […]
Eurekahedge Hedge Fund Index up 1.06 per cent in March
(Hedgeweek) The Eurekahedge Hedge Fund Index gained 1.06 per cent in March, bringing its year-to-date return to 4.36 per cent – the strongest Q1 performance of the hedge fund industry since the global financial crisis. To read this article:
Hedge Funds Ponder the Ethics of Shorting Unethical Companies
(Bloomberg) Albourne Partners Ltd. has been around for a quarter-century and advises institutions who collectively invest more than $500 billion in alternative assets. So when Albourne this month, for the first time, made it mandatory for the roughly 650 hedge […]
Net Outflows Continue at Swiss Asset Manager GAM
(Reuters) GAM Holding AG continued to see clients withdraw money at the start of 2019, the embattled Swiss asset manager said on Wednesday, adding it expected to wrap up soon the liquidation of funds linked to a sacked senior money […]
KKR Strikes Hedge Fund Gold with British Billionaire Pair
(Bloomberg) A pair of 200-year-old wooden elephants adorn the London lobby of one of the financial world’s biggest beasts. The carvings guard the Chelsea office of fast-growing $39 billion hedge fund Marshall Wace. Co-founders Paul Marshall and Ian Wace are […]
Corvex’s Meister Likes Diamondback Energy after It Bought Energen Reuters posted on Wed 17 Apr 2019 Permalink Print
(Reuters) Corvex Management manager Keith Meister on Tuesday named Diamondback Energy Inc. one of the hedge fund’s top investment picks after the energy company bought a rival last year. “We think there is lots of value,” Meister said at the […]
Swiss Probe Billionaire’s Ski Resort After Hedge Fund Sues
(Bloomberg) Swiss prosecutors are investigating a series of financing deals at a ski resort owned by Czech property billionaire Radovan Vitek that were raised in a U.S. lawsuit over allegations that he defrauded a New York hedge fund and a […]
Starboard Takes New Position in KAR Auction Services
(Reuters) Activist investment firm Starboard Value has taken a new position in KAR Auction Services, the firm’s founder Jeffrey Smith said at a conference on Tuesday. He called the company’s valuation “compelling” at the 13D Monitor Active-Passive Summit. “We believe […]
Apple, Qualcomm Reach Courthouse-Steps Settlement to Suits
(Bloomberg) Apple Inc. and Qualcomm Inc. agreed to end a two-year legal battle over billions of dollars of technology licensing fees that threatened the chipmaker’s most profitable line of business. To read this article:
D.E. Shaw Group Approved for Private Fund Management License in China
(Opalesque) The D. E. Shaw group, a global investment and technology development firm, announced today that it has been granted a license to develop and market onshore investment products to investors in China. The Private Securities Investment Fund Manager (PFM) […]