Category Archives: Activist Funds
Loeb’s Activist Hedge Fund Acquires 5.7% Stake in Sotheby’s
New York (HedgeCo.net) – A new filing with the SEC shows that Daniel Loeb’s $14 billion hedge fund Third Point LLC spent over $156 million on the acquisition of a 5.7% stake in Sotheby’s. The well known activist hedge fund Third […]
“Vulture” Hedge Funds Getting Ready to Swoop On Detroit
New York (HedgeCo.Net) – Some major hedge funds are focusing on Detroit, looking for ways to profit from the city’s distressed debt, according to an article from the Detroit Free press. Vulture fund is a term commonly used to refer to a private […]
Hedge Funds Add New Antitrust Claim Against Porsche
New York (HedgeCo.Net) – A group of hedge funds led by Elliott International and Perry Partners are going up against Porsche, suing them for 1.81 billion euros (approximately $2.4 billion). “After other investors lost two similar claims at a German […]
Hedge Fund Seeder Investcorp Applauds Prosiris On Surpassing $1 Billion In Assets
New York (HedgeCo.Net) – Hedge fund giant Investcorp has struck gold again by seeding Prosiris Capital Management LLC, a credit-oriented investment manager founded by Reza Ali. Prosiris has now surpassed $1 billion in assets under management, Investcorp provided Prosiris with an initial seed […]
Sony Rejects Hedge Fund Proposal
New York (HedgeCo.Net) – Sony Corp has rejected Daniel Loeb’s idea for a spinoff of part of Sony’s entertainment arm that would have included a Hollywood movie studio and music business. The board unanimously rejected the deal. “The Sony board of directors […]
Eight Hedge Funds Dump all Gun Stocks, 14 More Cut Holdings
New York (HedgeCo.Net) – Eight hedge funds and money managers have completely divested their gun holdings, valued at $150 million, just six months after Moms Demand Action for Gun Sense in America launched a national divestment campaign against manufacturers of assault weapons and high-capacity […]
Hedge Fund Glenview Capital Wants New Healthcare Board Of Directors
New York (HedgeCo.Net) – Hedge fund Glenview Capital Management LLC, which owns 14.6% of the common stock of Health Management Associates, Inc. today (25th) filed a preliminary Consent Solicitation Statement nominating eight industry leading candidates to replace the current Board […]
Activist Hedge Fund Ups Its Sony Stake
New York (HedgeCo.Net) – Hedge fund Third Point has added five million shares in Sony Corp., taking its stake to 7% (up from 6.5%). Daniel Loeb and his hedge fund want Sony to spin off part of its entertainment arm that will include a Hollywood […]