Trusted Insighthttp://thetrustedinsight.com/2017-08-16T11:00:14.915724-04:00Trusted Insight, the world's largest platform for institutional investors with 40,000 LP investor professionals in 98 countries and territories around the globe. 30,000 institutional investors engage with Trusted Insight each week. They are actively investing in alternative assets, primarily private equity, hedge funds, real estate and private companies. Our users consist of pension funds, endowments, foundations, sovereign wealth funds, family offices, banks and insurance companies. 83% of Trusted Insight users continue to use the platform 6 months after initially signing up. Investors on the platform, on average manage in excess of $5 billion. We are a platform for qualified purchasers, not high net worth investors.
Akzo Nobel Ends Feud With Elliott Management
2017-08-16T11:00:14.915724-04:00https://www.thetrustedinsight.com/investment-news/akzo-nobel-ends-feud-with-elliott-management-20170816486/
Akzo Nobel, the Dutch paint and chemicals company, said on Wednesday that it had reached a truce with Elliott Management, ending a dispute that had been the latest example of an activist investor looking to reshape a major business.
Ackman: Interactions With ADP Chief Rodriguez 'Unfairly Characterized'
2017-08-16T10:51:55.031299-04:00https://www.thetrustedinsight.com/investment-news/ackman-interactions-with-adp-chief-rodriguez-unfairly-characterized-20170816483/
Pershing Square’s looming proxy battle with payroll processing firm Automatic Data Processing took a new turn Monday as the activist hedge fund said in an SEC filing that ADP had “unfairly characterized” the interactions between Pershing Square CEO Bill Ackman and ADP chief Carlos Rodriguez.
Why The World’s CEOs Fear Paul Singer
2017-08-08T15:09:57.661895-04:00https://www.thetrustedinsight.com/investment-news/why-the-worlds-ceos-fear-paul-singer-1-20170808400/
Aggressive, tenacious and litigious to a fault, Paul Singer may be the most feared activist investor in the world—by hedge fund rivals, companies and even countries. Singer’s Elliott Management Corp., which manages $34 billion of assets, has rarely been out of the headlines the past 18 months. And there’s little indication that will change soon. Singer has targeted the world’s biggest mining company, taken on Warren Buffett in a battle for Texas’s largest electricity distributor, ousted chief executive officers on both sides of the Atlantic and set off a chain of events that led to the impeachment of South Korea’s...
Ackman Is Still Battling For Board Seats At ADP
2017-08-08T14:03:24.137229-04:00https://www.thetrustedinsight.com/investment-news/ackman-is-still-battling-for-board-seats-at-adp-20170808377/
Activist investor Bill Ackman doesn’t take no, no and no way for answer. Despite getting a major league blow-off last week from payroll processor Automatic Data Processing, Ackman’s Pershing Square will seek three seats on the ADP board — including one for Ackman, the hedge fund said Monday in a regulatory filing.
Why The World’s CEOs Fear Paul Singer
2017-08-08T10:26:14.500968-04:00https://www.thetrustedinsight.com/investment-news/why-the-worlds-ceos-fear-paul-singer-20170808358/
Aggressive, tenacious and litigious to a fault, Paul Singer may be the most feared activist investor in the world—by hedge fund rivals, companies and even countries. Singer’s Elliott Management Corp., which manages $34 billion of assets, has rarely been out of the headlines the past 18 months. And there’s little indication that will change soon.
This Hedge Funder Wants Luxury Condos In Saks Fifth Avenue
2017-08-01T14:06:05.799205-04:00https://www.thetrustedinsight.com/investment-news/this-hedge-funder-wants-luxury-condos-in-saks-fifth-avenue-20170801311/
Part of Saks Fifth Avenue’s Manhattan flagship store could be turned into luxury condominiums if one activist investor has his way. Jonathan Litt, who runs the hedge fund Land and Buildings, wrote a letter to Canadian retail giant Hudson’s Bay Company’s board Monday urging it to consider new directors, taking the public company private and selling off its subsidiary Saks Fifth Avenue, Bloomberg reported. A Saks sale could also allow the company to turn the […]
Hedge Funds Create ‘Abnormal’ Returns In Short Run As Well As The Long
2017-07-31T19:01:06.758694-04:00https://www.thetrustedinsight.com/investment-news/hedge-funds-create-abnormal-returns-in-short-run-as-well-as-the-long-20170731278/
Are Activist Hedge Funds and Other Institutional Investors friends, enemies or frenemies? Additionally, so-called activist hedge funds are often considered a nuisance or even as a necessary evil, notably because of their focus on short-term gains.
Ackman's Pershing Square Said To Take Stake In ADP
2017-07-31T18:01:05.566105-04:00https://www.thetrustedinsight.com/investment-news/ackmans-pershing-square-said-to-take-stake-in-adp-20170731262/
Bill Ackman’s Pershing Square Capital Management is reportedly taking a large position in payroll and benefits giant Automatic Data Processing, sending the company’s stock to a record high. The activist investor has been quietly building a position for some time, according to a Reuters article citing two unidentified individuals familiar with the matter. Since early this year, Ackman has cryptically referred to two new portfolio positions that have been working out very well, and signaled in early May that an unidentified new position in the fund accounted for approximately 5% of its capital. Ackman has also hinted at plans to...
Hedge Fund Marcato Demands That Rent-A-Center Sell Itself
2017-07-26T11:16:04.475239-04:00https://www.thetrustedinsight.com/investment-news/hedge-fund-marcato-demands-that-rent-a-center-sell-itself-20170726216/
BOSTON (Reuters) - Marcato Capital Management LP demanded on Tuesday that Rent-A-Center Inc start the process of selling itself or the activist hedge fund threatened to work to throw out board members up for re-election at next year's annual meeting. The San Francisco-based investment firm, fresh off a victory at Buffalo Wild Wings Inc, is now throwing its weight behind hedge fund Engaged Capital, which for months has been urging Rent-A-Center to sell itself, arguing that an overhaul of the company could be best achieved in the hands of private owners. In a sharply worded letter, dated...
Activist Hedge Funds Pull Hard On The M&A Lever
2017-07-26T10:41:03.728327-04:00https://www.thetrustedinsight.com/investment-news/activist-hedge-funds-pull-hard-on-the-ma-lever-20170726206/
<p>Of all the demands that activist hedge funds make, one has emerged as a clear favorite over the past year: asking the management of a company they target to put up the "for sale" sign.</p>
<p>Heady valuations have made the windfall from a sale too hard to resist for dissident shareholders, turning what used to be a fall-back option in past campaigns into preferred strategy, and prompting a slew of takeovers in the process.</p>
Activist Sandell Urges Barnes & Noble Board To Explore A Sale
2017-07-26T10:11:04.327473-04:00https://www.thetrustedinsight.com/investment-news/activist-sandell-urges-barnes-noble-board-to-explore-a-sale-20170726198/
Sandell Asset Management Corp., the sometimes-activist hedge fund, is urging Barnes & Noble Inc. to explore a sale amid a hostile environment for retailers. The New York-based hedge fund said it has built a “meaningful position” in Barnes & Noble, in a letter to the bookseller’s board on Tuesday. Sandell said the company should explore a sale, which could fetch more than $12 a share, or a 69 percent premium over where shares closed on Monday. “Stakeholders would be better served if Barnes & Noble were operated as a private company or as a division within a larger company, which...
Big U.S. Activist Investors Descend On Europe To Attack
2017-07-24T16:41:04.129461-04:00https://www.thetrustedinsight.com/investment-news/big-us-activist-investors-descend-on-europe-to-attack-20170724156/
Last year in March, Rolls-Royce Holdings plc installed a representative from San Francisco-based activist fund ValueAct Capital Management LP to its board. The move was considered by many as groundbreaking in that a U.S. activist fund manager had never been installed onto the board of a FTSE 100 company before, especially one so ingrained in British culture. The activist director, Bradley Singer, received a seat in a collaborative manner with no public display of hostility. And his candidacy was boosted by the support of a large number of European institutional investors, another development that suggests the continent was becoming more...
Activist Short-sellers Generate Impressive Returns Amid Strong Markets
2017-07-19T12:16:03.865166-04:00https://www.thetrustedinsight.com/investment-news/activist-short-sellers-generate-impressive-returns-amid-strong-markets-20170719086/
“You have no friends; you have no natural helpers; everyone is rooting against you; the market’s upward bias is against you; management hates you; you get sued; you get death threats and you’re happy when everyone’s sad.” This is how Marc Cohodes, former head of a billion dollar short selling hedge fund describes his profession in an interview with ValueWalk. Cohodes is now in semi-retirement, splitting time between running a chicken farm and placing high-profile short bets with his personal money. Both enterprises are reportedly doing very well. Get the entire 10-part series on Timeless Reading in PDF. Save it...
Peltz Raises Pressure On Proctor & Gamble, Aims For Board Seat
2017-07-19T11:32:27.178059-04:00https://www.thetrustedinsight.com/investment-news/peltz-raises-pressure-on-proctor-gamble-aims-for-board-seat-20170719077/
Nelson Peltz’s activist hedge fund Trian Fund Management is turning up the heat on Proctor & Gamble, saying on Monday that it is seeking a seat on P&G’s board for the venerable investor to help the company address a number of alleged challenges including poor shareholder returns, weakening market share and excessive bureaucracy.
Procter & Gamble Faces Showdown With Activist Investor Peltz
2017-07-19T11:01:05.970156-04:00https://www.thetrustedinsight.com/investment-news/procter-gamble-faces-showdown-with-activist-investor-peltz-20170719067/
Nelson Peltz in New York in 2013. His investment firm Trian Fund Management took a $3.5 billion stake in Procter & Gamble this past February.
Hedge Fund Elliott Advisors Just Made Some Unusual Hires
2017-07-13T16:51:05.554013-04:00https://www.thetrustedinsight.com/investment-news/hedge-fund-elliott-advisors-just-made-some-unusual-hires-20170713005/
The path into a hedge fund job isn't always obvious and in the case of activist firm Elliott Advisors, its latest hires are far from the typical buy-side hire. The
Pershing Square Sells Down Stake In Burger King's Parent Company
2017-07-13T16:41:05.491367-04:00https://www.thetrustedinsight.com/investment-news/pershing-square-sells-down-stake-in-burger-kings-parent-company-20170713003/
Pershing Square Capital Management, the activist fund run by billionaire Bill Ackman, sold about a quarter of its stake in Restaurant Brands International Inc. as part of a portfolio rebalancing, according to a person familiar with the matter. Pershing Square sold 10 million shares for $61 apiece, people with knowledge of the details said, asking not to be identified as the details aren’t public. Restaurant Brands shares fell 2.4 percent to $60.65 at 9:49 a.m. The New York-based hedge fund is the largest holder in Oakville, Ontario-based Restaurant Brands, the parent company of Burger King and Tim Hortons, according to...
How Did Icahn And Kingsley See Investment Opportunities When Others Couldn’t
2017-07-11T14:46:05.122417-04:00https://www.thetrustedinsight.com/investment-news/how-did-icahn-and-kingsley-see-investment-opportunities-when-others-couldnt-20170711960/
One of the investors we follow closely here at The Acquirer’s Multiple is Carl Icahn, and one of the best pieces ever written on Icahn’s investing strategy comes from Tobias Carlisle’s book, Deep Value: Why Activist Investors and Other Contrarians […]
Paul Singer To Challenge Warren Buffett On Acquisition
2017-07-11T10:07:27.233920-04:00https://www.thetrustedinsight.com/investment-news/paul-singer-to-challenge-warren-buffett-on-acquisition-20170711932/
Activist hedge fund investor Paul Singer thinks he can put together a better deal than Warren Buffett for Oncor’s bankrupt parent, Energy Future Holdings. Singer’s Elliott Management — Energy Future’s largest creditor — believes the $9 billion bid by Buffett’s Berkshire Hathaway doesn’t fully value the assets, it said in documents on its Web site....
Warren Buffett May Have Some Competition From Paul Singer
2017-07-10T10:23:29.863341-04:00https://www.thetrustedinsight.com/investment-news/warren-buffett-may-have-some-competition-from-paul-singer-20170710882/
The activist hedge fund run by billionaire Paul Singer has its own plans for Oncor, a report says.
Clariant Said To Be Targeted By Activist Hedge Fund Corvex
2017-07-05T12:46:04.442493-04:00https://www.thetrustedinsight.com/investment-news/clariant-said-to-be-targeted-by-activist-hedge-fund-corvex-20170705822/
Activist hedge fund Corvex Management has built a stake in Clariant AG in a move designed to undo the Swiss chemicals maker’s $6.4 billion planned takeover of Huntsman Corp., according to people with knowledge of the situation. Corvex, which has built a stake in Clariant that exceeds the disclosure threshold of 3 percent, plans to push the company to explore alternatives to the deal including a potential sale, said the people, who asked not to be named because the situation is private. The activist investor believes the Huntsman acquisition, which was championed by Clariant Chief Executive Officer Hariolf Kottmann, lacks strategic rationale,...
Europe Is The New Hunting Ground For US Activist Investors
2017-07-05T12:41:04.062007-04:00https://www.thetrustedinsight.com/investment-news/europe-is-the-new-hunting-ground-for-us-activist-investors-20170705821/
The favored targets of activists, said corporate attorney David Katz, at Wachtell, Lipton, Rosen & Katz, are "companies that have a lot of cash that haven't been returned to shareholders."
Hedge Fund Jana Aims To Scuttle EQT's Buyout Of Rice
2017-07-05T12:21:06.298721-04:00https://www.thetrustedinsight.com/investment-news/hedge-fund-jana-aims-to-scuttle-eqts-buyout-of-rice-20170705817/
Activist investor Jana Partners LLC disclosed a 5.8 percent stake in natural gas producer EQT Corp (EQT.N) on Monday and urged the company to abandon its $6.7 billion buyout of rival Rice Energy Inc (RICE.N). The move, which threatens to scuttle EQT's plans to become the largest U.S. natural gas producer, is hedge fund Jana's latest foray into the energy sector. Jana pushed Oil States International Inc (OIS.N) to spin off Civeo Corp (CVEO.N) in 2014. Jana began buying shares in April before the Rice deal was announced last month and has become EQT's fourth-largest shareholder. It said in regulatory...
Jana Partners Tries Blocking Pricey Energy Company Merger
2017-07-05T11:46:04.011353-04:00https://www.thetrustedinsight.com/investment-news/jana-partners-tries-blocking-pricey-energy-company-merger-20170705805/
Jana Partners is trying to block an expensive merger between two energy companies. The Barry Rosenstein-led activist hedge fund announced a 5.8 percent stake in Pittsburgh-based EQT Corporation on Monday, and is pushing the company to abandon its announced $6.7 billion acquisition of Rice Energy. The hedge fund is hoping to get more shareholders on...
Activist Investors, After Saturating U.S. Market, Look To Europe
2017-06-29T15:56:04.334496-04:00https://www.thetrustedinsight.com/investment-news/activist-investors-after-saturating-us-market-look-to-europe-20170629728/
Activist investors — money managers who seek to shake up a company’s strategy in search of huge paydays — have been growing in size and power in the United States, bending the knees of even the biggest corporate titans.
Nestle And L'Oreal Are Getting A Boost From An Activist Investor
2017-06-26T12:56:04.391067-04:00https://www.thetrustedinsight.com/investment-news/nestle-and-loreal-are-getting-a-boost-from-an-activist-investor-20170626604/
Nestle's stock price is getting a huge boost from an activist hedge fund. Daniel Loeb, famous for being a successful activist investor in companies like Yahoo and Sony, has set his sights on the consumer conglomerate Nestle. Loeb's hedge fund, Third Point, released a note Sunday disclosing its share in Nestle. The fund currently owns roughly 40 million shares, worth about $3.5 billion.
Daniel Loeb's Hedge Fund Takes $3.5B Nestle Stake
2017-06-26T12:50:41.386704-04:00https://www.thetrustedinsight.com/investment-news/daniel-loebs-hedge-fund-takes-35b-nestle-stake-20170626601/
Billionaire activist investor Daniel Loeb's Third Point LLC hedge fund has taken a $3.5 billion stake in NestlĂŠ SA, piling pressure on the world's largest packaged foods company to find ways to accelerate growth.
This Activist Investor Is Pretty Passive With His Dad's Company
2017-06-22T15:22:45.866283-04:00https://www.thetrustedinsight.com/investment-news/this-activist-investor-is-pretty-passive-with-his-dads-company-20170622533/
Zach George and his fellow pirates used to talk tough to CEOs. Their battle cry: “Surrender the Booty!” That was more than a decade ago, when George, then in his 20s, was helping Pirate Capital LLC keelhaul companies that didn’t make investors enough money. Flaunting its motto, Pirate Capital swashbuckled its way to a fortune -- that is, until it foundered. Today George, 39, is still agitating for corporate change, now at his own hedge fund, FrontFour Capital Group. But the pirate of old seems less combative with age, at least when it comes to his father. FrontFour has held...
Litt's Land And Buildings Takes Aim At Hudson's Bay
2017-06-20T16:01:05.686397-04:00https://www.thetrustedinsight.com/investment-news/litts-land-and-buildings-takes-aim-at-hudsons-bay-20170620475/
Jonathan Litt’s activist hedge fund manager Land and Buildings has called on Canada’s Hudson’s Bay retailing giant to consider taking itself private and/or monetizing its massive real estate assets for the benefit of shareholders. read more
Activist JANA Partners To Make ~$300M On Whole Foods Stake Should Amazon Deal Go Through
2017-06-19T19:31:05.937098-04:00https://www.thetrustedinsight.com/investment-news/activist-jana-partners-to-make-300m-on-whole-foods-stake-should-amazon-deal-go-through-20170619453/
Amazon’s surprise $13.7 billion bid for Whole Foods Market on Friday sent the grocer’s stock up 29% to $42.68 and represents a potential $300 million payday for Barry Rosenstein’s activist hedge fund JANA Partners should it go through.
Largest Valeant Shareholder John Paulson Joins Drugmaker’s Board
2017-06-19T17:33:13.537325-04:00https://www.thetrustedinsight.com/investment-news/largest-valeant-shareholder-john-paulson-joins-drugmakers-board-20170619425/
Activist investor and hedge fund manager John Paulson has joined Valeant Pharmaceuticals International's board, a move that comes at a time when the embattled Canadian drugmaker is restructuring itself to repay debt.
Activist Hedge Fund Venetus Partners Said To Be Winding Down
2017-06-16T11:11:04.394678-04:00https://www.thetrustedinsight.com/investment-news/activist-hedge-fund-venetus-partners-said-to-be-winding-down-20170616364/
Activist hedge fund Venetus Partners, founded just last year, is reportedly shutting down, according to a Reuters article citing an investor letter written by co-founder and former Corvex Capital partner Nick Graziano. read more
13D - Using The Filings To Understand Activists Like Paul Singer At Cabelas
2017-06-14T11:56:04.509560-04:00https://www.thetrustedinsight.com/investment-news/13d-using-the-filings-to-understand-activists-like-paul-singer-at-cabelas-20170614331/
It was just after 6:30 am on November 22, 2015 and Paul Singer, President of Elliott Management, had just lost $5 million in a matter of seconds. Nonetheless Singer was smiling. Which might be surprising given his reputation as a no-nonsense activist hedge fund manager, but also because one of his firm’s holdings, Cabelas Inc. (NYSE:CAB), had just released an abysmal earnings report, and its price was plunging in pre-market trading. At the time, Singer held an undisclosed 1% stake — or about 753,000 shares — of Cabelas through Elliott Management’s various partnerships. However, Singer was pleased because he intended...
Activist Investor Seeks To Oust Ratner Family From FCRT
2017-06-09T10:49:19.905959-04:00https://www.thetrustedinsight.com/investment-news/activist-investor-seeks-to-oust-ratner-family-from-fcrt-20170609217/
Activist investor Land & Buildings next week is expected to follow through on its threat to call for a special meeting of Forest City Realty Trust shareholders, The Post has learned. If the hedge fund is successful in calling the meeting, it could result in all four of the Ratner family members getting ousted from...
A Notorious Activist Investor Explains Why He Came To Love That Label
2017-06-08T16:32:50.512817-04:00https://www.thetrustedinsight.com/investment-news/a-notorious-activist-investor-explains-why-he-came-to-love-that-label-20170608204/
Billionaire Paul Singer, founder of hedge fund Elliott Management, is a polarizing figure. As an activist investor — who tries to shake up boardrooms or challenge corporate leadership — he is admired by many investors but demonized by those he targets for his contentious fights. A 15-year battle with the government of Argentina earned him the label of a vulture, and the CEO of a company his fund targeted recently sent a letter to Singer with veiled threats.
Hedge Fund's £100M War Chest To Force Ocado Shake-up
2017-06-07T11:51:05.652476-04:00https://www.thetrustedinsight.com/investment-news/hedge-funds-100m-war-chest-to-force-ocado-shake-up-20170607165/
The British activist investor, which already has a ÂŁ9m holding in the online supermarket, claims the firm failed to live up to its growth potential.
David Einhorn Gets Smacked Down At GM’s Annual Meeting
2017-06-07T11:16:56.471064-04:00https://www.thetrustedinsight.com/investment-news/david-einhorn-gets-smacked-down-at-gms-annual-meeting-20170607154/
Greenlight Capital just hit a red light at the General Motors shareholder meeting. Billionaire David Einhorn’s activist hedge fund had been pushing investors to vote three of his nominees to the Detroit-based auto giant’s board as well as entertain a dual-class share structure. But shareholders were having none of it at the company’s annual meeting...
Who Is Behind Elliott Management?
2017-06-06T14:50:39.688102-04:00https://www.thetrustedinsight.com/investment-news/who-is-behind-elliott-management-20170606125/
The biggest activist hedge fund in the world, Elliott Management, has recently launched an aggressive campaign against BHP, but who is behind it?
Hedge Fund Marcato Capital Management Posts Gains In May
2017-06-05T15:01:05.808024-04:00https://www.thetrustedinsight.com/investment-news/hedge-fund-marcato-capital-management-posts-gains-in-may-20170605102/
BOSTON (Reuters) - Activist hedge fund Marcato Capital Management, which has been battling restaurant chain Buffalo Wild Wings for board seats, reported strong gains in May, which extended its gains...
Activist Investor To Sue After Losing Proxy Fight With Taubman
2017-06-05T14:53:29.977418-04:00https://www.thetrustedinsight.com/investment-news/activist-investor-to-sue-after-losing-proxy-fight-with-taubman-20170605099/
Activist investor Jonathan Litt is not ready to admit defeat in its battle against mall REIT Taubman Centers. Despite months of urging from Littâs Land and Buildings hedge fund, preliminary results from Taubmanâs annual meeting Thursday showed that shareholders voted to keep current chairman Robert Taubman and former JCPenney CEO Myron Ullman on the board...
BHP CEO Says In Regular Talks On Future Of U.S. Shale Assets
2017-06-05T14:31:04.212453-04:00https://www.thetrustedinsight.com/investment-news/bhp-ceo-says-in-regular-talks-on-future-of-us-shale-assets-20170605085/
BHP Billiton Ltd. is holding discussions with competitors on the future of parts of its U.S. shale business amid heightened scrutiny of the unit from shareholders, including activist investor Elliott Management Corp. The company recognizes it needs alternative strategies for some of the assets, particularly gas-focused operations, Chief Executive Officer Andrew Mackenzie told reporters Monday in Tokyo. The were multiple potential owners of the assets spread across the states of Texas, Arkansas and Louisiana, he said. “We are in regular dialogue with those natural owners as to whether or not we can form more collaboration to allow us to share facilities,...
Were Dalio, Munger And Soros CIA Trained?
2017-05-31T11:36:05.466493-04:00https://www.thetrustedinsight.com/investment-news/were-dalio-munger-and-soros-cia-trained-20170531988/
I was recently reading about Hertz, the rental car company in which the stock price had been decimated, falling 92% from its highs in 2014. I came across a note titled “How Hertz became the perfect contrarian short in 2014”. The article interviewed Tom Fogarty, an analyst, who had identified Hertz as a short. This was a very contrarian idea at the time given the rental car market was consolidating [from nine to three major competitors], a smart activist investor [Carl Icahn] had just bought a stake and the company was spinning-off a division. At the time of Mr Fogarty’s report, of...
A $33B Hedge Fund Shared 5 Lessons That Have Shaped How It Invests
2017-05-31T11:31:30.803011-04:00https://www.thetrustedinsight.com/investment-news/a-33b-hedge-fund-shared-5-lessons-that-have-shaped-how-it-invests-1-20170531987/
A $33 billion hedge fund has some advice to share as its industry faces notable headwinds. Elliott Management, an activist hedge fund founded by billionaire Paul Singer, laid out some of its major lessons in a private first-quarter letter to investors. A copy of the note was reviewed by Business Insider.
Jana Partners Adds Fifth Nominee To Its Slate For Whole Foods' Board
2017-05-30T17:41:04.145822-04:00https://www.thetrustedinsight.com/investment-news/jana-partners-adds-fifth-nominee-to-its-slate-for-whole-foods-board-20170530969/
Hedge fund Jana Partners added a fifth nominee to its slate for Whole Foods Market Inc's (WFM.O) board, as it heaps up the pressure on the upscale grocer to boost profits and lift its sagging stock. The activist investor nominated Celeste Clark, who once served as chief sustainability officer at Kellogg Co (K.N), to join the slate that already includes former CEOs of Gap Inc (GPS.N) and Harris Teeter Supermarkets as well as a stock analyst. (bit.ly/2qxnVJk) Jana, which currently owns an 8.2 percent stake in the Whole Foods, has been urging the company to shakeup its management, ...
A $33B Hedge Fund Shared 5 Lessons That Have Shaped How It Invests
2017-05-26T14:38:59.053404-04:00https://www.thetrustedinsight.com/investment-news/a-33b-hedge-fund-shared-5-lessons-that-have-shaped-how-it-invests-20170526881/
A $US33 billion hedge fund has some advice to share as its industry faces notable headwinds. Elliott Management, an activist hedge fund founded by billionaire Paul Singer, laid out some of its major lessons in a private first-quarter letter to investors.
Loeb Says Dow-DuPont Deal Can Create US$20B More Value
2017-05-25T16:12:21.943768-04:00https://www.thetrustedinsight.com/investment-news/loeb-says-dow-dupont-deal-can-create-us20b-more-value-20170525864/
Activist investor Daniel Loeb's Third Point LLC said Dow Chemical and DuPont could create US$20 billion in additional shareholder value by tweaking their plan to split into three companies following the merger.
BHP Hires Barclays To Sell Some US Shale Assets
2017-05-25T16:11:03.647982-04:00https://www.thetrustedinsight.com/investment-news/bhp-hires-barclays-to-sell-some-us-shale-assets-20170525863/
BHP has hired Barclays to sell its US Fayetteville shale gas assets as the miner seeks to fend off activist funds.
Arconic Reaches Truce With Elliott After Bruising Fight
2017-05-22T18:51:05.447549-04:00https://www.thetrustedinsight.com/investment-news/arconic-reaches-truce-with-elliott-after-bruising-fight-20170522781/
Specialty metals company Arconic said it would allow Elliott Management Corp to nominate three members to the company's board, ending a proxy contest with the activist investor.
Paul Singer’s Hedge Fund Takes Dutch Paint Giant To Court
2017-05-22T18:05:10.744342-04:00https://www.thetrustedinsight.com/investment-news/paul-singers-hedge-fund-takes-dutch-paint-giant-to-court-20170522771/
Billionaire Paul Singer is finally getting his day in court with Dutch paint giant Akzo Nobel. Shareholders led by Singerâs activist hedge fund Elliott Management, angered by the Akzo Nobelâs rejection of a 26.3 billion euro ($29.5 billion) takeover offer from US rival PPG Industries, took their fight to an Amsterdam court on Monday. Elliott,...
Hedge Funds Push Into Emerging Markets
2017-05-19T12:36:05.562782-04:00https://www.thetrustedinsight.com/investment-news/hedge-funds-push-into-emerging-markets-20170519694/
<p>Nine out of 10 hedge fund strategies tracked by Preqin posted positive return in April. with the Preqin All-Strategies Hedge Fund benchmark posting a gain of 0.76% in April, its sixth consecutive month of positive performance. All other leading hedge strategies made gains as well, and the 12-month performance for hedge funds now stands at 10.67%. Preqin also reported that Macro strategies funds suffered their second consecutive month of losses, and are up by 0.87% year-to-date. The top performing strategy so far in 2017 is Activist (up 4.9%) followed by Discretionary (up 4.6%).</p>
ValueAct's Ubben Taps Morfit For CIO Post In Succession Plan
2017-05-17T11:06:19.182439-04:00https://www.thetrustedinsight.com/investment-news/valueacts-ubben-taps-morfit-for-cio-post-in-succession-plan-20170517588/
Activist hedge fund investor Jeffrey Ubben is handing over the reins of his $16 billion hedge fund ValueAct Capital Management LP by promoting his long-time business partner Mason...
Granite REIT To Nominate Directors Amid FrontFour Activist Push
2017-05-16T18:26:04.080989-04:00https://www.thetrustedinsight.com/investment-news/granite-reit-to-nominate-directors-amid-frontfour-activist-push-20170516565/
Granite Real Estate Investment Trust, Canada’s largest industrial real estate firm, plans to nominate two new board members amid a push for change at the company by activist investor FrontFour Capital Group and its partner, Vancouver-based Sandpiper Group. Toronto-based Granite said in documents filed with regulators Tuesday that it would nominate real estate veteran Remco Daal, president of Canadian real estate at QuadReal Property Group, and Kelly Marshall, managing partner of corporate finance at Brookfield Asset Management Inc., for the board at the company’s annual general meeting on June 15. Two other trustees, Michael Brody and Brody Gilbertson, aren’t standing for re-election,...
L/S Equity And Activist Hedge Funds Lead YTD
2017-05-15T17:56:05.377454-04:00https://www.thetrustedinsight.com/investment-news/ls-equity-and-activist-hedge-funds-lead-ytd-20170515515/
Summary With one-third of 2017 in the books, the $3 trillion hedge fund industry has generally done well by its investors this year. While some segments produced disappointing results in April, gains have remained the norm over the last six [âŚ]
Elliott Willing To Back BHP Board Candidate As Next Chairman
2017-05-12T15:26:04.805312-04:00https://www.thetrustedinsight.com/investment-news/elliott-willing-to-back-bhp-board-candidate-as-next-chairman-20170512455/
Elliott Management is willing to back a board member of BHP Billiton to be its chairman upon the retirement of Jac Nasser despite deep reservations about its top management, a source close to the activist shareholder said on Thursday.
Whole Foods Board Overhaul Fails To Satisfy Activist Jana
2017-05-12T14:41:03.994770-04:00https://www.thetrustedinsight.com/investment-news/whole-foods-board-overhaul-fails-to-satisfy-activist-jana-20170512454/
The board overhaul at Whole Foods Markets Inc has failed to satisfy Jana Partners, according to a person familiar with the matter, signaling that the month-long battle between the organic grocer and activist hedge fund is no nearer to a conclusion.
Taubman, Retail Co-developer Of Miami Worldcenter, At Odds With Hedge Fund
2017-05-10T12:21:05.980511-04:00https://www.thetrustedinsight.com/investment-news/taubman-retail-co-developer-of-miami-worldcenter-at-odds-with-hedge-fund-20170510378/
Taubman Centers, which operates Dolphin Mall and is planning the retail component of Miami Worldcenter, is battling with activist investor Jonathan Littâs hedge fund, after it filed documents to nominate Litt and a corporate governance guru to Taubmanâs board. Taubman, a Bloomfield Hills, Michigan-based real estate investment trust, said in a filing with the Securities and Exchange Commission that it has reviewed the nominees from the hedge fund, Land & Buildings Investment Management LLC, and ... [more]
Breakingviews: Daniel Loeb’s Pitch For Honeywell May Go Too Far
2017-05-09T15:39:25.071612-04:00https://www.thetrustedinsight.com/investment-news/breakingviews-daniel-loebs-pitch-for-honeywell-may-go-too-far-20170509334/
Daniel S. Loeb, founder of the activist hedge fund Third Point, in 2012.
Carl Icahn: Democrats Call For Probe Into His Biofuel Business
2017-05-09T15:21:07.205488-04:00https://www.thetrustedinsight.com/investment-news/carl-icahn-democrats-call-for-probe-into-his-biofuel-business-20170509327/
Eight Democratic Senators on Tuesday asked U.S. regulators to launch an investigation into billionaire Carl Icahn’s activities in the U.S. biofuels blending credit market, saying the activist investor may have violated securities trading laws since becoming an adviser to President Donald Trump. “We are writing to request that your agencies investigate whether Carl Icahn violated insider trading laws, anti-market manipulation laws, or any other relevant laws based on his recent actions in the market for renewable fuel credits,” the senators said in a letter to the heads of the Securities and Exchange Commission, the Commodity Futures Trading Commission, and the...
Elliott Management Raises $5B In Fresh Capital For 'Potentially Large Opportunity Set'
2017-05-08T16:01:28.900829-04:00https://www.thetrustedinsight.com/investment-news/elliott-management-raises-5b-in-fresh-capital-for-potentially-large-opportunity-set-20170508266/
Paul Singer's Elliott Management has raised more than $5 billion in fresh capital in less than a week as the famed activist investor readies dry powder for opportunities that could arise from what he describes as âpotential disruptions in financial marketsâ generated by years of distortive monetary policies.
Hedge Fund Activist Paul Singer Just Found His Next Target
2017-05-08T14:51:28.855650-04:00https://www.thetrustedinsight.com/investment-news/hedge-fund-activist-paul-singer-just-found-his-next-target-20170508255/
Activist hedge fund Elliott Management has purchased a 15.3 percent stake in Gigamon, which makes software to manage traffic online, according to a 13-D filing Monday with the Securities and Exchange Commission. Elliott is run by billionaire investor Paul Singer, who just last week raised more than $5 billion in 24 hours. The firm said in the SEC filing that shares of Gigamon are "significantly undervalued and represent an attractive investment opportunity." Further, Elliott seeks to engage in a dialogue with Gigamon's board to discuss opportunities that would maximize shareholder value, the filing said. This could entail Elliott...
Activist Investors Marcato Capital Management, JANA Partners Shine In April
2017-05-03T10:57:45.778431-04:00https://www.thetrustedinsight.com/investment-news/activist-investors-marcato-capital-management-jana-partners-shine-in-april-20170503115/
Mick McGuire's Marcato Capital Management and Barry Rosenstein's JANA Partners, two of the best-known activist hedge funds, posted gains in April as they engage in high-profile campaigns against Buffalo Wild Wings and Whole Foods, respectively.
Activist Global Hedge Fund To Establish Global Refugee Charity
2017-05-02T16:51:05.809746-04:00https://www.thetrustedinsight.com/investment-news/activist-global-hedge-fund-to-establish-global-refugee-charity-20170502082/
Activist Global, a multi-strategy hedge fund of fund manager, is planning to create a new global charity foundation named Temporary Nations aimed at supporting refugees around the world. read more
Ackman To `Probably' Shun Pharmaceuticals After Valeant Loss
2017-05-02T16:35:15.114901-04:00https://www.thetrustedinsight.com/investment-news/ackman-to-probably-shun-pharmaceuticals-after-valeant-loss-20170502075/
Bill Ackman said he will “probably stay away from pharmaceutical companies” after losses at Valeant Pharmaceuticals International Inc. cost his hedge fund $4 billion. “What I learned is that it can be very expensive," Ackman, the billionaire activist investor and chief executive officer of Pershing Square Capital Management, said in a Bloomberg TV interview on Tuesday. Ackman, one of Valeant’s biggest supporters throughout its heyday and defenders when things turned sour, sold out of his stake in March after losing billions of dollars on the bet. “In the case of Valeant, we worked closely with the management team on the...
Hedge Fund Manager David Einhorn Is Settling In For A 'tough Fight' With GM
2017-05-01T17:36:06.030032-04:00https://www.thetrustedinsight.com/investment-news/hedge-fund-manager-david-einhorn-is-settling-in-for-a-tough-fight-with-gm-20170501032/
Greenlight Capital's David Einhorn just laid out what's going on with his activist move on General Motors. Earlier this year, Einhorn announced he had increased his position in the car company. The activist hedge fund investor proposed that GM create two classes of stock, and accused the company of misleading credit-rating agencies about the plan. He told Business Insider's Linette Lopez earlier this month that rating agencies were getting the analysis of his plan wrong.
Activist ValueAct Says Invested In Private Equity Pioneer KKR
2017-04-28T16:28:49.775798-04:00https://www.thetrustedinsight.com/investment-news/activist-valueact-says-invested-in-private-equity-pioneer-kkr-20170428984/
<p>ValueAct Capital said it has invested in asset management group KKR & Co, as the $16 billion activist investment fund deepens its reach into the financial sector.</p>
<p>The holding brings together a San Francisco-based activist investor with the legendary leveraged buyout shop founded and still run by Henry Kravis and his cousin George Roberts in 1976. Shares of KKR were up more than 6 percent.</p>
Famed Activist Investment Firm Gets Taste Of Own Medicine
2017-04-28T10:20:03.060586-04:00https://www.thetrustedinsight.com/investment-news/famed-activist-investment-firm-gets-taste-of-own-medicine-20170428970/
<p>San Francisco-based activist investor ValueAct said Thursday that it had taken a nearly 5 percent stake inHenry Kravis’ KKR & Co. — whose aggressive investment stance was made famous in the 1989 book, “<a href="https://www.amazon.com/Barbarians-Gate-Fall-RJR-Nabisco-ebook/dp/B000FC10QG?tag=nypost-20">Barbarians at the Gate</a>.”</p>
<p>At first, the positioning of an activist at Kravis’ front door was intriguing — but unlike its activist peers, ValueAct is not seeking changes to KKR’s operations and management.</p>
Company Begs Corporate Raider Singer: Can We Stop This Fighting Already?
2017-04-25T18:56:04.873744-04:00https://www.thetrustedinsight.com/investment-news/company-begs-corporate-raider-singer-can-we-stop-this-fighting-already-20170425903/
Arconic said it was willing to nominate two of activist hedge fund Elliott Management's director nominees to its board.
Meet Paul Singer: The Billionaire Activist Investor Taking On BHP Billiton
2017-04-25T18:21:05.511636-04:00https://www.thetrustedinsight.com/investment-news/meet-paul-singer-the-billionaire-activist-investor-taking-on-bhp-billiton-20170425894/
Wall Street hedge fund manager has form when chasing high returns from distressed debt to corporate takeovers.
Elliott Management: The Hedge Fund Not Afraid Of A Fight
2017-04-25T17:55:20.260371-04:00https://www.thetrustedinsight.com/investment-news/elliott-management-the-hedge-fund-not-afraid-of-a-fight-20170425885/
Amid a spate of high-profile fights in the business world, one New York hedge fund has thrown a lot of punches. Elliott Management, which oversees about $30 billion worth of assets, has earned a reputation over 40 years as a no-holds-barred activist investor, with an unusually large appetite for public face-offs. The firm famously pursued Argentine debt for more than a decade, seizing one of the country's naval ships while it was docked in Ghana and prompting the country to default. In the UK, it also intervened in coach operator National Express and fought supermarket Tesco for damages stemming from...
Einhorn On GM: 'We Know This Is A Tough Fight'
2017-04-25T17:48:47.583276-04:00https://www.thetrustedinsight.com/investment-news/einhorn-on-gm-we-know-this-is-a-tough-fight-20170425883/
Greenlight Capital's David Einhorn just laid out what's going on with his activist move on General Motors. Earlier this year, hedge fund manager Einhorn announced he had increased his position in the car company. More »
The Expansion Of Hedge Fund Activism In The U.K. And U.S.
2017-04-13T17:26:04.350027-04:00https://www.thetrustedinsight.com/investment-news/the-expansion-of-hedge-fund-activism-in-the-uk-and-us-20170413562/
Preparation for an activist attack should be an ongoing process and consideration, in much the same way that a board should be well prepared in the event of a hostile takeover.
ValueAct To Return $1.25B After Seeing Frothy Market
2017-04-13T16:25:34.539899-04:00https://www.thetrustedinsight.com/investment-news/valueact-to-return-125b-after-seeing-frothy-market-1-20170413548/
ValueAct Capital Management, the activist fund run by Jeffrey Ubben, plans to return $1.25 billion to investors in May because of concerns that company valuations are expensive. San Francisco-based ValueAct, which manages more than $16 billion, explained its decision to return capital in a letter last week to investors that was viewed by Bloomberg News. It said that current prices on companies the firm follows “can only be justified by assuming cyclically high corporate margins will persist, a certainty of lower corporate taxes and a risk-free rate that stays near all time lows.” Hedge fund managers have expressed opposing views on...
John Paulson Leaving AIG Board Of Directors
2017-04-13T16:24:54.338352-04:00https://www.thetrustedinsight.com/investment-news/john-paulson-leaving-aig-board-of-directors-20170413547/
Hedge fund manager John Paulson is leaving the board of American International Group Inc., the Financial Times reported Wednesday. A spokesman for New York-based Paulson & Co., which Mr. Paulson founded in 1994, declined to comment. Mr. Paulson had been part of a revolt against CEO Peter Hancock, who agreed to step down last month on the heels of a $3 billion quarterly loss. Mr. Paulson and activist investor Carl Icahn had been pushing for change at AIG since 2015.
Inside Paul Singer's Elliott Management stalking BHP Billiton
2017-04-12T11:29:27.686865-04:00https://www.thetrustedinsight.com/investment-news/inside-paul-singers-elliott-management-stalking-bhp-billiton-20170412497/
If hedge fund Elliott Management's activist investor play book is any guide, BHP Billiton's board and chief executive Andrew Mackenzie may need to brace for an arduous tussle over the elaborate overhaul demands the New York firm has sprung on the iconic Australian resources giant.
ValueAct To Return $1.25B After Seeing Frothy Market
2017-04-12T10:46:04.347234-04:00https://www.thetrustedinsight.com/investment-news/valueact-to-return-125b-after-seeing-frothy-market-20170412487/
ValueAct Capital Management, the activist fund run by Jeffrey Ubben, plans to return $1.25 billion to investors in May because of concerns that company valuations are expensive. San Francisco-based ValueAct, which manages more than $16 billion, explained its decision to return capital in a letter last week to investors that was viewed by Bloomberg News. It said that current prices on companies the firm follows “can only be justified by assuming cyclically high corporate margins will persist, a certainty of lower corporate taxes and a risk-free rate that stays near all time lows.” Hedge fund managers have expressed opposing views on...
Activist Investor Jana Amasses Large Stake In Whole Foods
2017-04-11T17:55:05.078029-04:00https://www.thetrustedinsight.com/investment-news/activist-investor-jana-amasses-large-stake-in-whole-foods-20170411470/
Jana Partners has taken a nearly 9% stake in Whole Foods Market and wants it to accelerate its turnaround and explore a possible sale, increasing pressure on the upscale organic grocer to find its footing after its rapid growth stalled.
Singer's Elliott Management Deploying U.S. Activist Tactics In BHP Bid
2017-04-11T17:01:26.600199-04:00https://www.thetrustedinsight.com/investment-news/singers-elliott-management-deploying-us-activist-tactics-in-bhp-bid-20170411457/
Paul Singer's activist hedge fund Elliott Management, whose plan to scrap Anglo-Australian mining conglomerate BHP Billiton's dual corporate structure, spin off assets and return cash to investors was rebuffed by the company on Monday, is relying on tested U.S. shareholder activism strategies to deliver one of the hedge fund's biggest ever bets on a company.read more
Activist Investor May Push For Whole Foods To Sell
2017-04-10T16:01:06.103812-04:00https://www.thetrustedinsight.com/investment-news/activist-investor-may-push-for-whole-foods-to-sell-20170410386/
Activist investor Jana Partners disclosed in an SEC filing that it has acquired a 9% stake in grocery retailer Whole Foods, with an eye toward possibly pushing for a sale process. The move makes Jana the second-largest outside shareholder in Whole Foods, which saw its stock spike more than 9% on the news ― giving it a market cap of nearly $11 billion, and an enterprise value of around $12 billion. Key line from filing: Jana plans on speaking to company management and directors about "initiating a review of strategic alternatives particularly in light of the Issuer's apparent unwillingness to...
Alan Howard Raises Over $700M For His New Fund
2017-04-05T10:36:56.567139-04:00https://www.thetrustedinsight.com/investment-news/alan-howard-raises-over-700m-for-his-new-fund-20170405213/
One of the sources said the AH fund, which started trading on March 1, had raised an additional $2 billion from the main fund at Howard's firm, Brevan Howard Asset Management....
Activist Investor Sarissa Takes Aim At Innoviva CEO Compensation
2017-03-31T11:55:38.629017-04:00https://www.thetrustedinsight.com/investment-news/activist-investor-sarissa-takes-aim-at-innoviva-ceo-compensation-20170331057/
(Reuters) - Hedge fund Sarissa Capital Management on Thursday sought a sharp cut in the compensation of Innoviva’s chief executive, the latest salvo by the activist investor in its proxy fight agains...
Yale Fund Chief Reveals Truth About Hedge Fund Failures
2017-03-31T11:44:56.832771-04:00https://www.thetrustedinsight.com/investment-news/yale-fund-chief-reveals-truth-about-hedge-fund-failures-20170331054/
By now you've begun to notice a pattern in the news about hedge funds: Nobody is making money anymore, so managers are returning millions to disappointed investors. The latest to close is Eton Park Capital. But the decision by that fund's managers is hot on the heels of epic losses by previously high-flying funds. A few of the notables include Pershing Square Capital (run by activist investor Bill Ackman) and startling declines reported by John Paulson, the manager who famously bet against the housing market before it collapsed. There has been a lot of interesting analysis as...
What Does Greenlight Capital Hope To Achieve At General Motors?
2017-03-31T11:42:13.308808-04:00https://www.thetrustedinsight.com/investment-news/what-does-greenlight-capital-hope-to-achieve-at-general-motors-20170331053/
On that note, Tuesday was an exercise in déjà vu for both the activist and the company involved in what might be the year’s strangest activist campaign. Greenlight Capital, a $9 billion fund run by investment soothsayer and poker player David Einhorn, has borrowed heavily from a thesis it pushed at Apple four years ago to launch an ambitious campaign for change at General Motors. For the storied automaker, that makes two major activist campaigns since it emerged from bankruptcy following the financial crisis. Not surprisingly, both sides were able to issue detailed presentations within a few days of private...
Anglo’s New Billionaire Backer Anil Agarwal Has No Intention To Be Activist Investor
2017-03-29T09:54:59.912004-04:00https://www.thetrustedinsight.com/investment-news/anglos-new-billionaire-backer-anil-agarwal-has-no-intention-to-be-activist-investor-20170329958/
Anglo American Plc’s new billionaire shareholder said he has no intention of behaving like an activist investor after surprising the mining industry by paying $2.5 billion for a 13 percent stake earlier this month.
Activist Hedge Funds Press Tangoe To Sell Itself: Sources
2017-03-28T16:21:06.176965-04:00https://www.thetrustedinsight.com/investment-news/activist-hedge-funds-press-tangoe-to-sell-itself-sources-20170328929/
NEW YORK (Reuters) - Two activist hedge funds are pressing directors of Tangoe Inc. to sell the company, according to people familiar with the matter, citing a weakness in the IT company's business and falling stock price.
Activist Hedge Funds Loose Their Shine As Performance Slips
2017-03-22T10:56:05.129531-04:00https://www.thetrustedinsight.com/investment-news/activist-hedge-funds-loose-their-shine-as-performance-slips-20170322743/
Activist hedge funds are falling out of favor with investors according to Eurekahedge’s latest hedge fund report. The report, published earlier this week, notes that activist hedge funds have seen their assets under management dip below the key $100 billion threshold as of February 2017. Redemptions have been picking up the pace in recent years with net outflows of $5.8 billion recorded since 2015. Over the past year, net outflows have totaled $5.3 billion thanks to the closure of some big name funds, as well as poor investment performance. Since 2015 managers have produced performance-related gains of $2.2 billion. As a...
ValueAct Capital Boosts Stake In Valeant Pharmaceuticals As Stock Skids
2017-03-20T15:53:04.492435-04:00https://www.thetrustedinsight.com/investment-news/valueact-capital-boosts-stake-in-valeant-pharmaceuticals-as-stock-skids-20170320678/
Jeff Ubben's activist hedge fund ValueAct Capital has raised its stake in embattled Canadian drug company Valeant Pharmaceuticals just days after Bill Ackman’s Pershing Square threw in the towel and sent the stock to eight-year lows.read more
Activist Hedge Fund Starboard Value Sells Macy's Stake
2017-03-17T16:16:05.153269-04:00https://www.thetrustedinsight.com/investment-news/activist-hedge-fund-starboard-value-sells-macys-stake-20170317630/
Nearly two years after setting its sights on iconic U.S. department store operator Macy's, Jeff Smith's activist hedge fund Starboard Value LP has sold its shares after unsuccessfully pressuring the company to separate its real estate from its retail business.
South Korean Hedge Fund Eyes Chaebol Cash Hoards, Banking & Finance
2017-03-15T11:06:06.692949-04:00https://www.thetrustedinsight.com/investment-news/south-korean-hedge-fund-eyes-chaebol-cash-hoards-banking-finance-20170315485/
[SEOUL] A homegrown hedge fund has taken up activism in South Korea, betting the country's family-owned conglomerates will have to deploy their cash hoards. The timing couldn't be better after Elliott Management Corp's campaign pushed Samsung Electronics to boost its dividend and amid the start of a stewardship code last December. Lime Asset Management, which oversees US$500 million, started its first activist fund in November. The Seoul-based money manager is seeking to press firms with high cash levels to return it to shareholders, according to Lime chief executive officer Jongjun Won. The fund has made investments but Won declined to comment...
The 25 Highest-Earning Hedge Fund Managers And Traders
2017-03-15T11:03:22.039088-04:00https://www.thetrustedinsight.com/investment-news/the-25-highest-earning-hedge-fund-managers-and-traders-1-20170315484/
Both a quantitative trading genius and a trader who recently stopped managing client money top Forbes’ list of the 25 highest-earning hedge fund managers and traders of 2016.
Chris Hohn's Activist Fund Has Stepped Up Its Bid To Block An €8.5B Deal
2017-03-15T10:56:04.534125-04:00https://www.thetrustedinsight.com/investment-news/chris-hohns-activist-fund-has-stepped-up-its-bid-to-block-an-85b-deal-20170315479/
Chris Hohn’s activist hedge fund has had another bite at French aircraft-engine maker Safran over a planned €8.5bn (£7.4bn) takeover. The Children’s Investment (TCI) Fund, which owns a 4.1 per cent stake in Safran, publicised its opposition to the deal for plane-seat maker Zodiac last month, saying it had “no strategic rationale”. Safran hit back shortly afterwards, accusing TCI of wanting to “destroy value” in the firm. Read more: Activist investor Chris Hohn launches bid to block €8.5bn aerospace deal Today, TCI has had another nibble at Safran, claiming Zodiac’s latest financial figures, released today, demonstrate that the takeover offer is...
Activist Hedge Fund CIAM Criticizes Walt Disney Plans For Paris Park
2017-03-15T10:33:04.301213-04:00https://www.thetrustedinsight.com/investment-news/activist-hedge-fund-ciam-criticizes-walt-disney-plans-for-paris-park-20170315469/
European activist investor CIAM has criticized plans by Walt Disney to take full control of debt-laden Paris theme park operator Euro Disney, according to a letter seen by Reuters.read more
As Icahn Prevails, One Of These Managers May Be Next To Lead AIG
2017-03-10T11:33:57.038488-05:00https://www.thetrustedinsight.com/investment-news/as-icahn-prevails-one-of-these-managers-may-be-next-to-lead-aig-20170310346/
It’s been 17 months since activist Carl Icahn started targeting American International Group Inc.’s Chief Executive Officer Peter Hancock, faulting him for the company’s sluggish returns and pressuring him to sell assets. The CEO announced his resignation Thursday after posting losses in four of the past six quarters. Here are some of the people who may be considered to replace Hancock, based on interviews with executives and advisers across the industry: Why he could be a good fit: He was previously an executive at AIG, working there for seven years through 2007. He still works closely with the insurer because...
Icahn Representative To Several Corporate Boards Has Left Firm, Eyes Starting Own Fund
2017-02-28T17:57:44.770912-05:00https://www.thetrustedinsight.com/investment-news/icahn-representative-to-several-corporate-boards-has-left-firm-eyes-starting-own-fund-20170228950/
Feb 27 (Reuters) - Samuel Merksamer, who represents billionaire Carl Icahn on several corporate boards, has exited the activist investor's firm and a source familiar with his plans said that he is exploring launching his own hedge fund.
10 Single-Family Offices Of Investment Legends
2017-02-28T12:29:20.027837-05:00https://www.thetrustedinsight.com/investment-news/10-single-family-offices-of-investment-legends-20170228947/
As titans of the investment world, it is only fitting that their wealth be managed by an elite staff of investment professionals. Trusted Insight presents 10 of the investment legends and their single-family offices controlling an aggregate net worth of more than $154 billion.
Activist Hedge Fund Gunning For GAM
2017-02-27T18:01:06.529841-05:00https://www.thetrustedinsight.com/investment-news/activist-hedge-fund-gunning-for-gam-20170227924/
<p>GAM, the Swiss asset management group, may have a boardroom battle on its hands after coming into the crosshairs of an activist hedge fund.</p>
<p>RBR Capital Advisors, which owns 2.1% of GAM's shares, is aiming to get its founder and chief investment officer, Rudolf Bohli, and two other candidates elected to GAM's board, the company said in a statement today, February 27.</p>
Billionaire Daniel Loeb: Hedge Funds and Investment Approach
2017-02-21T18:36:57.595885-05:00https://www.thetrustedinsight.com/investment-news/billionaire-daniel-loeb-hedge-funds-and-investment-approach-20170221710/
A speech and Q&A with billionaire hedge fund (Third Point) founder, Daniel S. Loeb. In this speech Daniel talks about his early interests i business and investing before moving on to questions from the audience. The question mostly relate to finance and range from inflation to philosophy of investing.
Icahn Raises Stakes In Herbalife, Hertz, Cuts Freeport-McMoran
2017-02-15T11:25:08.120100-05:00https://www.thetrustedinsight.com/investment-news/icahn-raises-stakes-in-herbalife-hertz-cuts-freeport-mcmoran-20170215479/
Billionaire activist investor Carl Icahn increased his holdings in Herbalife and Hertz Global Holdings in the fourth quarter, and exited Voltari.
Why This Activist VC Isn't Afraid To Bite The Hand That Feeds Her
2017-02-14T13:14:53.753696-05:00https://www.thetrustedinsight.com/investment-news/why-this-activist-vc-isnt-afraid-to-bite-the-hand-that-feeds-her-20170214449/
Two years ago, Arlan Hamilton was homeless. Now, she's a venture capitalist and one of the loudest proponents of tech industry's diversity efforts.
Activist Investor Mick McGuire On Why He Sees Value In Deckers, Buffalo Wild Wings, Other Holdings
2017-02-13T17:40:11.302585-05:00https://www.thetrustedinsight.com/investment-news/activist-investor-mick-mcguire-on-why-he-sees-value-in-deckers-buffalo-wild-wings-other-holdings-20170213417/
Activist hedge fund manager Mick McGuire speaks with CNBC about his top holdings.
George Soros Invested In These 11 Oil And Gas Companies In 2016
2017-02-07T11:36:17.736676-05:00https://www.thetrustedinsight.com/investment-news/george-soros-invested-in-these-11-oil-and-gas-companies-in-2016-20170207227/
Billionaire George Soros in 2016 invested $238 million in 11 oil and gas companies, according to his federal financial filings, The Daily Caller News Foundation Investigative Group has learned.