Monthly Archives: June 2018
Netflix’s Frenzy, Getting Hangry and More Russian Meddling
(Bloomberg) The media industry is in a frenzy. AT&T is buying Time Warner for $85 billion after overcoming a challenge from the Justice Department. The Murdoch family has agreed to sell the majority of its 21st Century Fox empire to […]
Hedge Funds’ Best Ideas? Those Are Just Stocks They’re Dumping
(Bloomberg) Ever wonder why hedge fund managers are so willing to get up on a stage and tell the world about their best ideas? A new study suggests an answer: the ideas are getting old, and they need a spot […]
Ackman’s hedge funds gain after years of losses, Chipotle helps
(Reuters) William Ackman’s private hedge fund has gained more than 9 percent this year while his publicly traded fund is up double digits, marking a dramatic reversal for the billionaire investor after three years of losses. To read this article:
Allergan appoints former Abbott executive to its board
(Reuters) Allergan Plc (AGN.N) said on Thursday former Abbott Laboratories (ABT.N) executive Thomas Freyman will join its board, a week after two of its shareholders criticized the drugmaker’s acquisition strategy and board composition. To read this article:
Oil prices stall as hedge funds take profits:
(Reuters) Investors continue to reduce their bullish position in crude oil futures and options, after a blistering rally over the last year, but now the profit-taking has spread to refined fuels such as gasoline and heating oil. Hedge funds and […]
In Natus Proxy Fight, Glass Lewis Supports Voce Nominees
(Reuters) Influential proxy-advisory firm Glass Lewis & Co recommended that Natus Medical Incorporated shareholders remove two company nominated directors and replace them with hedge fund Voce Capital Management’s nominees. Glass Lewis & Co’s recommendation, released to clients late on Tuesday […]
Billionaire Tory Donor Crispin Odey Demands The Resignation Of Two Top Tungsten Bosses
(City A.M) Hedge fund manager and Conservative party donor Crispin Odey has opened fire on the chief executive and chairman of Tungsten Corporation, demanding that they be kicked off the board. As one of the largest shareholders in Tungsten, Odey […]
Investment Manager TSW Triggers Succession Plan
(Opalesque) TSW, one of the nation’s leading value-oriented investment managers, today announced the next steps of a planned succession process initiated in 2014 to ensure a seamless leadership transition that positions the firm for continued growth and stability. Frank Reichel, […]
International developers, investors eye the Bahamas
(Opalesque) The Bahamas have long been a destination for high net worth individuals seeking to manage their wealth offshore. Now as the Commonwealth looks toward expanding its role in the investment industry, the concentration of private wealth already on the […]
The big Italy short was hiding in plain sight
(Reuters) The marriage of politics and finance in Italy regularly produces strange offspring. But a suggestion, floated over the weekend in the country’s most-respected newspaper, of a James Bond-style plot by some big investors to sink Italian financial markets added […]
Employee Suing Point72 For Gender Bias Says Firm Is Surprisingly Congenial Towards Employees Suing For Gender Bias
(Dealbreaker) Steve Cohen isn’t exactly known for playing nice with those who cross him in court. Preet Bharara, Prem Watsa and his ex-wife all know what we’re talking about. Laura Bonner, however, does not. This is surprising, as Bonner is […]
A Mathematical Approach to Risk Hedging That Works
(Harvest) Statistical analysis and probability theory have long focused on the problem of trying to detect turning points in financial markets. If changes in the distribution of potential outcomes can be discovered, money managers can react ahead of potential market […]