Tag Archives: aftermath

Hedge fund ups stake in Cablevision again

Business Week – A hedge fund known for shaking up underperforming companies has increased its stake in Cablevision Systems Corp. to 9.1 percent, according to a regulatory filing Thursday. Harbinger Capital Partners now owns more than 21 million shares of […]

Lone Star may sue South Korea government on KEB deal

Reuters – U.S. private equity house Lone Star is seriously considering suing the South Korean government if it delays approval beyond September of the firm’s $6.3 billion sale of shares in a local bank, a newspaper reported on Friday. English […]

China fund to start Japan investments by March

Reuters – China Investment Corp, the country’s sovereign wealth fund, will start investing in Japanese equity markets by March, a Japanese newspaper reported on Sunday. The $200 billion (111 billion pounds) fund is screening Japanese banks at which it holds […]

Hedge Fund Manager Will Bank Thanks to Reverse Takeover

New York (HedgeCo.Net) – Shareholders in Falkland Gold & Minerals have approved plans to buy Bahamas-based oil exploration company BPC after a unanimous vote yesterday.  Philip Richards, head of the RAB Special Situations Fund that owns a 76 percent stake […]

Hedge-fund chief gains seat on Sara Lee board

Chicago Tribune – The leader of an activist hedge fund with a significant stake in Sara Lee Corp. has been added to the foodmaker’s board of directors. Downers Grove-based Sara Lee said Thursday that it is expanding its 10-member board […]

Harbinger Hedge Fund Picks Next Battle

New York (HedgeCo.Net) – Harbinger Capital Partners is no stranger to aggressively seeking strategic changes within companies in which they invest. This month, it’s Harbinger vs. Cleveland-Cliffs Inc. The mining company is urging shareholders to reject a bid by the […]

Yahoo Vote Missed Major Investor

Tampa Tribune – Yahoo is recounting the shareholder vote for its board of directors after discovering that a tabulating firm failed to register the opposition of a major investor. The revision won’t change the outcome of Friday’s election, which retained […]

WaMu, Sovereign get British hedge fund investment

Reuters – An activist British hedge fund has taken a 6 percent stake in Washington Mutual Inc as the largest U.S. savings and loan tries to rebound from billions of dollars of mortgage-related losses. The London-based fund, Toscafund Asset Management, […]

British hedge fund buys 5% stake in Sovereign

Milwaukee Business Journal – An activist British hedge fund has taken a 5 percent stake in Sovereign Bankcorp Inc.,  according to a filing with the Securities and Exchange Commission. London-based Toscafund Asset Management said its passive stake amounts to 33.5 […]

BlackRock details amended agreements with Merrill

Reuters- U.S. asset manager BlackRock Inc gave details on Tuesday of the revised agreements it has struck with top shareholder Merrill Lynch & Co Inc that, among other things, try to protect BlackRock’s interests if Merrill’s structure changes substantially. Merrill […]

Hedge Fund Halts Takeover Talks, Inmarsat Shares Plunge

New York (HedgeCo.Net) – Inmarsat shares took a dive yesterday after hedge fund Harbinger Capital halted talks of a possible takeover.  Harbinger has amassed a 28 percent stake in the U.K.-based mobile satellite communications group. Harbinger, who has AUM upwards […]

Money manager Keeley takes stake in Pzena

BOSTON (Reuters) – Keeley Asset Management, which made its name by selecting small and forgotten companies, said on Wednesday that it took an 18 percent stake in beleaguered money manager Pzena Investment Management. Keeley now owns 1.09 million Pzena shares, […]