Tag Archives: business-strategy


Hedge Fund Manager Attempts Overhaul of Noront’s Board of Directors

West Palm Beach (HedgeCo.net) – Hedge fund manager Rosseau Asset Management Ltd. and certain related parties have  filed a dissident’s proxy circular (the "Dissident’s Circular") to Noront Resources Ltd., in which the hedge fund group controls over approximately 9.2% of […]

A bailout to some, a hedge fund to others

Globe and Mail – Daniel Gross, writing on Slate, makes an interesting point about the latest version of the U.S. government’s bailout plan: The plan, officially known as the Emergency Economic Stabilization Act of 2008, looks a lot like the […]

How the Bailout Is Like a Hedge Fund

Slate – The Wall Street bailout is alive again. In an effort to make the $700 billion bailout palatable, the architects of the law have larded it up with all sorts of goodies, such as increasing the levels of deposit […]

Harbinger Hedge Fund Looking to Shake Up Another Board

New York (HedgeCo.Net) – Harbinger Capital has taken an 8 percent stake in Cablevision Systems Corp., according to a regulatory filing done yesterday with the Securities and Exchange Commission. The activist hedge fund now owns nearly 19 million shares of […]

CSX board to meet, but agenda uncertain

Miami Herald- CSX is resuming its annual meeting in Jacksonville, but it is uncertain what will be on the agenda. When the board met in June in New Orleans, it halted the meeting so it could continue counting votes for […]

Wall Street Cuts Off Paramount: No Takers For $450 Million Movie

The Business Sheet- After spending nine months trying to close a $450-million film financing deal to offset the cost of 30 upcoming movies, Paramount has been forced to give up the chase. The studio was working with Deutsche Bank to […]

CSX says hedge funds have no plan for the company

Reuters- U.S. railroad CSX Corp, locked in a proxy battle with two hedge funds, urged shareholders in a letter on Tuesday to vote against the activist investor group’s proposed slate of five directors, saying they had "no plan" for the […]

CSX, hedge funds face off in US court

Reuters- The chief executive of CSX Corp said in court on Wednesday he felt targeted by activist investors seeking to get seats on the board of directors, but the rail company negotiated with them in good faith to try to […]