Monthly Archives: February 2019
Flybe Snubs Takeover Proposal from US Airline Mesa Air and Hedge Fund Bateleur Capital
(Irish Independent) Troubled airline Flybe has snubbed a rival takeover proposal from US airline Mesa Air Group and hedge fund Bateleur Capital, with support from Stobart Group former boss Andrew Tinkler. In a brief statement Flybe, which in Ireland operates […]
Investors Wonder Who Is Safe in Russia After Fund Manager Arrest
(Bloomberg) For most of the past three decades, American private equity investor Michael Calvey has made billions for his funds by knowing how to play by the rules — both written and unwritten — in Russia. Now he’s sitting in […]
Navient Rejects $3.2 billion Takeover Bid from Canyon Capital and Platinum Equity
(Reuters) Student-loan servicer Navient Corp has rejected a $3.2 billion takeover bid from two investors as it believes the offer undervalues the company. Navient’s board voted on Monday to reject the $12.50 per share offer from hedge fund Canyon Capital […]
Sturgeon Ventures win at Hedgeweek Global Awards 2019
(Sturgeon Ventures) The Hedgeweek Global Awards 2019 ceremony was held at the Reform Club on Pall Mall. Tom Powell, Chief Operating Officer at Sturgeon Ventures LLP, was delighted to accept the Best Global Consultant in Business Strategy on behalf of […]
Hedge fund traders far less important than analysts and PMs
(eFinancial) What do traders do in a hedge fund….Hedge fund traders mostly do what they’re told To read this article:
FFI Energy Transition Long-Short Strategy Now Available on the SMArtX Advisory Platform
(Fossil Free Indexes) New investment strategy, developed in partnership with Clean Edge Inc. and Alpha Vee Solutions, takes the view that the long-term economic and policy environment favors clean energy over fossil fuels. Index provider FFI announced today that its […]
Settlement Concluded with Broker in Case Alleging Public Offering Allocation Fraudulent Practices
(HedgeCo.Net) The U.S. District Court for the District of New Jersey has entered a final judgment against defendant Brian Hirsch, who was charged by the SEC in connection with public offering allocation practices at two large brokerage firms. The SEC’s […]
Papa John’s founder Schnatter says he welcomes hedge fund Starboard Jessica DiNapoli
(Reuters) – Papa John’s International Inc founder John Schnatter welcomes hedge fund Starboard Value LP’s investment in the pizza restaurant chain, his lawyer said, even as he filed an updated lawsuit on Monday against the company. To read this article:
U.S. hedge fund Tiger Global sells entire stake in Barclays
(Reuters) – U.S. hedge fund Tiger Global Management has sold its entire stake in Britain’s Barclays Plc, the Financial Times reported on Sunday. The hedge fund, which had a stake of about 2.5 percent in the bank, began reducing its […]
Neuberger Berman hires head of portfolio solutions
(Hedgeweek) Neuberger Berman, a private, independent, employee-owned investment manager, has hired Joe McDonnell as head of portfolio solutions (EMEA). To read this article:
Hedge Funds Accelerate Oil Buying
(Reuters)Russian lender Gazprombank has decided to freeze the accounts of Venezuelan state oil company PDVSA and halted transactions with the firm to reduce the risk of the bank falling under U.S. sanctions, a Gazprombank source told Reuters on Sunday. To […]
Hedge Fund Operator Plans $1 Billion India-Focused ESG Fund
(Bloomberg) Avendus Capital Ltd. has started accepting money for one of India’s first funds to base investment decisions on environment, social and governance parameters as investor concerns about governance at Indian companies surge. “Traditionally, university endowments and pension funds tend […]