Trusted Insighthttp://thetrustedinsight.com/2024-02-12T17:21:07.169761-05:00Trusted 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.
The Turnaround Star - Why I See Over 40% Upside For Phillips 66 Stock | Seeking Alpha
2024-02-12T17:21:07.169761-05:00https://www.thetrustedinsight.com/investment-news/the-turnaround-star-why-i-see-over-40-upside-for-phillips-66-stock-seeking-alpha-20240212151/
Phillips 66 (NYSE:PSX) has become one of my favorite stocks to cover. In general, I have always liked covering the company due to its significant footprint in the refinery and chemical industries. However, in my most recent article, published on December 5, I covered a major new development, including an activist investor, going with the title "60% Gains Plus Dividends With Phillips 66 If Elliott Is Right." Since my November article on Phillips 66, activist giant Elliott Investment Management has entered the scene with a $1 billion stake and a bold letter to the board.
Asset Management: Investors Hope For China Turnaround
2024-01-08T06:01:18.223238-05:00https://www.thetrustedinsight.com/investment-news/asset-management-investors-hope-for-china-turnaround-20240108971/
Plus, hedge fund performance, a fee bonanza for money market funds and dry martini January. :
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Bob Iger’s Turnaround Plan For Disney Takes Shape - The New York Times
2023-02-09T09:31:18.055998-05:00https://www.thetrustedinsight.com/investment-news/bob-igers-turnaround-plan-for-disney-takes-shape-the-new-york-times-20230209102/
Shares jumped after the Disney chief executive unveiled plans to revamp its streaming business, cut costs, and formulate a succession plan.
Intel Foundry Leader To Depart, Shaking Up Gelsinger’s Turnaround Plan
2022-11-22T06:01:35.874708-05:00https://www.thetrustedinsight.com/investment-news/intel-foundry-leader-to-depart-shaking-up-gelsingers-turnaround-plan-20221122938/
(Bloomberg) -- Intel Corp. executive Randhir Thakur, who oversaw a key part of the company’s comeback plan -- its push into the contract-manufacturing industry -- is leaving the chipmaker. Thakur “has decided to step down from his position to pursue opportunities outside the company,” Intel said in an emailed statement. “He will stay on through the first quarter of 2023 to ensure a smooth transition to a new leader.” The departure marks a shake-up for Chief Executive Officer Pat Gelsinger’s turnaround plan.
Daily Dozen | Forbes: Snap Layoffs; Bed Bath & Beyond’s Turnaround; Sin City’s Winning Streak
2022-08-31T09:01:05.858137-04:00https://www.thetrustedinsight.com/investment-news/daily-dozen-forbes-snap-layoffs-bed-bath-beyonds-turnaround-sin-citys-winning-streak-20220831976/
A surprising rise in job openings; first U.S. monkeypox death; Trump shares conspiracy theories; and more. :
The southeast tip of California's Salton Sea is home to 11 geothermal power plants that turn hot volcanic brine into clean electricity. A rise in job openings surprised economists who were banking on another month of declines from March’s historic high. The United States reported its first death from the monkeypox outbreak. Former President Donald Trump shared multiple conspiracy theories on his Truth Social platform before deleting them.
Why This Attractively Valued Turnaround It Play Merits A Look
2022-06-23T07:01:06.403787-04:00https://www.thetrustedinsight.com/investment-news/why-this-attractively-valued-turnaround-it-play-merits-a-look-20220623931/
The significant correction in the stock price of Zensar has rendered the valuation extremely attractive. :
Explore from India`s leading investment managers and advisors curating their strategies as smallcases. Pre-configured baskets of stocks & ETFs that you can invest in with a single click. Developed by hedge funds, global asset management companies, experienced wealth management firms and portfolio managers.
Meet Private Equity’s Quiet Corporate Turnaround Artist
2021-09-27T15:01:06.226765-04:00https://www.thetrustedinsight.com/investment-news/meet-private-equitys-quiet-corporate-turnaround-artist-20210927129/
Advent International’s David Mussafer cuts a low profile on Wall Street, but his firm’s ability to reshape large companies has turned the firm from an also-ran into a fast-growing giant with $81 billion in assets.
Zymergen Can Thank Cathie Wood For Its Head-spinning Turnaround
2021-08-05T14:01:09.239919-04:00https://www.thetrustedinsight.com/investment-news/zymergen-can-thank-cathie-wood-for-its-head-spinning-turnaround-20210805876/
(Bloomberg) -- Zymergen Inc. rallied as much as 87% from Wednesday’s record rout after one of Cathie Wood’s Ark Investment Management LLC funds scooped up shares. The buying occurred amid Wednesday’s jaw-dropping 76% retreat, a record drop that took the shares to the lowest since its April IPO after the company pulled its forecast for 2021 sales and announced the departure of the chief executive and co-founder. Zymergen said it was working to restore investor trust, but Wall Street piled on the criticism and stock downgrades.
Credit Suisse Taps Goldman Sachs Partner To Lead Risk Turnaround
2021-07-27T07:21:38.154768-04:00https://www.thetrustedinsight.com/investment-news/credit-suisse-taps-goldman-sachs-partner-to-lead-risk-turnaround-20210727226/
Credit Suisse on Tuesday appointed Goldman Sachs partner David Wildermuth its new chief risk officer, as it seeks to turn the corner on the Archegos and Greensill scandals that have rocked Switzerland's second-biggest bank. Zurich-based Credit Suisse has been cutting risk after its prime brokerage business lost billions from the collapse of family office Archegos, and as its asset management division scrambles to return some $10 billion of client investments linked to insolvent supply chain finance firm Greensill.
Refile-update 2-credit Suisse Taps Goldman Sachs Partner To Lead Risk Turnaround
2021-07-27T07:11:20.589806-04:00https://www.thetrustedinsight.com/investment-news/refile-update-2-credit-suisse-taps-goldman-sachs-partner-to-lead-risk-turnaround-20210727214/
Credit Suisse on Tuesday appointed Goldman Sachs partner David Wildermuth its new chief risk officer, as it seeks to turn the corner on the Archegos and Greensill scandals that have rocked Switzerland's second-biggest bank. Zurich-based Credit Suisse has been cutting risk after its prime brokerage business lost billions from the collapse of family office Archegos, and as its asset management division scrambles to return some $10 billion of client investments linked to insolvent supply chain finance firm Greensill.
Blackstone's Turnaround Of Dating-app Bumble, Which Is Set To Ipo
2021-02-10T12:01:06.740043-05:00https://www.thetrustedinsight.com/investment-news/blackstones-turnaround-of-dating-app-bumble-which-is-set-to-ipo-20210210070/
Summary List PlacementWhen dating-app Bumble goes public this week, it will mark a significant milestone for investment giant The Blackstone Group. A relatively new unit of the world's largest private-equity firm has played a key role in the maturation of the dating app, which plans to go public on Thursday and is targeting a $1.8 billion IPO and a valuation of more than $7 billion, according to an updated S-1 filing on Monday.
Seneca Im Continues To Back Merian Chrysalis After Latest Fundraising 'turnaround'
2020-10-20T09:01:06.599844-04:00https://www.thetrustedinsight.com/investment-news/seneca-im-continues-to-back-merian-chrysalis-after-latest-fundraising-turnaround-20201020581/
Seneca Investment Managers once again added to its position in Merian Chrysalis as part of the trust's latest fundraising effort, the success of which indicates "one hell of a turnaround" in investor sentiment since its 2018 initial public offering (IPO), according to Seneca fund manager Richard Parfect.
Vedanta's Anil Agarwal, Centricus Team Up For Turnaround Investment Fund | Business Standard News
2020-09-17T14:31:07.321258-04:00https://www.thetrustedinsight.com/investment-news/vedantas-anil-agarwal-centricus-team-up-for-turnaround-investment-fund-business-standard-news-20200917860/
The fund will also target companies restructuring under India's bankruptcy regime, the people said. :
Nishant Kumar Dinesh Nair & Baiju Kalesh | Bloomberg
Last Updated at September 17, 2020 21:51 IST
Indian commodities tycoon Anil Agarwal, who made a fortune buying state companies and fixing them up, is preparing to raise an investment fund targeting turnaround opportunities in the country, people with knowledge of the matter said.
Stage Fund Execution On Roll Up Strategy Shows Continued Strength In Turnaround Market
2020-01-24T09:01:07.995081-05:00https://www.thetrustedinsight.com/investment-news/stage-fund-execution-on-roll-up-strategy-shows-continued-strength-in-turnaround-market-20200124956/
DENVER, Jan. 24, 2020 /PRNewswire/ -- Stage Fund, a control based private equity firm specializing in turnaround and growth companies, is executing on an acquisition roll up strategy, combining three companies with complementary technologies and customers, and as a result will produce one...
Private-equity Firm Carlyle Wants Companies To Learn From Domino's Pizza's Turnaround
2019-09-04T18:31:07.417259-04:00https://www.thetrustedinsight.com/investment-news/private-equity-firm-carlyle-wants-companies-to-learn-from-dominos-pizzas-turnaround-20190904154/
The Carlyle Group is partnering with Patrick Doyle, the former CEO of Domino's Pizza known for turning around its business by overhauling its recipe and implementing new technology like online ordering. Doyle, 56, is now a private-equity investor and will help Carlyle identify multibillion-dollar deals in the consumer and retail sectors. Doyle spoke with Business Insider about how companies could improve operations and said they would increasingly benefit from the use of voice technology.
Kraft Heinz Brings Back Ex-cfo As Company Seeks Turnaround Plan | Adage
2019-08-26T13:01:05.216830-04:00https://www.thetrustedinsight.com/investment-news/kraft-heinz-brings-back-ex-cfo-as-company-seeks-turnaround-plan-adage-20190826452/
Kraft Heinz Co. is tapping former Chief Financial Officer Paulo Basilio for a reprisal of the role as the packaged-food company seeks to rebuild its sagging business. Chief Executive Officer Miguel Patricio, who took over the top post in July, “made the strategic decision to shift to a seasoned veteran,” the company said in a filing. Basilio, 44, will take over the role on Sept. 1. Current CFO David Knopf will return to 3G Capital, the private equity firm that partnered with Berkshire Hathaway Inc. to engineer the 2015 merger that created Kraft Heinz.
Abb Shares Jump As New Ceo Raises Turnaround Hopes
2019-08-12T07:06:09.713961-04:00https://www.thetrustedinsight.com/investment-news/abb-shares-jump-as-new-ceo-raises-turnaround-hopes-20190812314/
* Rosengren will start new position in March
(Adds share price, and investor comment):
ZURICH (Reuters) - ABB (ABBN.S) shares jumped almost 4% in early Monday trading as investors welcomed news the Swiss engineering group had poached Bjorn Rosengren from Swedish mining equipment firm Sandvik (SAND.ST) to be its next chief executive. Rosengren will take over at the Zurich-based maker of industrial drives and robots in March, the company said on Sunday. ABB, whose previous CEO Ulrich Spiesshofer left suddenly in April, is in the middle of overhauling its business following years of lackluster profit and bungled acquisitions.
Marchionne's Successor Struggles To Put Fiat On Turnaround Path
2019-07-29T18:01:05.074917-04:00https://www.thetrustedinsight.com/investment-news/marchionnes-successor-struggles-to-put-fiat-on-turnaround-path-20190729206/
The “check engine” light lit up almost as soon as Mike Manley took over as chief executive of Fiat Chrysler Automobiles NV. Days before the late Sergio Marchionne died unexpectedly a year ago, Manley was tasked with leading the Italian-American company into an automotive era increasingly defined by progress in electrification and self-driving technology. Right after being named CEO, he was forced to cut financial targets due to disappointing sales in China. The company rattled investors again six months later by lowering 2019 earnings guidance.
Woodford Urges Unquoted Holdings To 'demonstrate Value' In Performance Turnaround Bid
2019-05-31T07:01:08.550394-04:00https://www.thetrustedinsight.com/investment-news/woodford-urges-unquoted-holdings-to-demonstrate-value-in-performance-turnaround-bid-20190531983/
Renowned fund manager Neil Woodford is urging the management of the unquoted positions he holds in his Woodford Patient Capital Trust (WPCT) to put themselves up for sale or list their businesses, as he bids to turn around his fund range performance.
Symantec's Ceo Exit Seen Denting Turnaround Plan, Shares Slide
2019-05-10T12:31:05.742849-04:00https://www.thetrustedinsight.com/investment-news/symantecs-ceo-exit-seen-denting-turnaround-plan-shares-slide-20190510334/
Symantec Corp faces an uphill battle to turn around its business and win investor confidence, analysts said on Friday, after Chief Executive Officer Greg Clark became the fifth top executive in six months to leave the cybersecurity company.
Blackrock’s Stock-picking Turnaround Is Under Threat As Investors Keep Pulling Out Cash - Barron's
2019-01-23T11:31:04.577149-05:00https://www.thetrustedinsight.com/investment-news/blackrocks-stock-picking-turnaround-is-under-threat-as-investors-keep-pulling-out-cash-barrons-20190123321/
This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. https://www.barrons.com/articles/blackrocks-stock-picking-turnaround-is-under-threat-as-investors-keep-pulling-out-cash-51548256250 It’s been almost two years since
BlackRock
(BLK) kick-started a radical plan to overhaul its active equities division, but lackluster performance and the continuing flow of assets draining out of its funds have frustrated ambitions for its stock-picking arm.
Financial Sector Gaps Higher As Earnings Make A Turnaround
2019-01-16T16:31:03.950947-05:00https://www.thetrustedinsight.com/investment-news/financial-sector-gaps-higher-as-earnings-make-a-turnaround-20190116788/
Bank of America and Goldman Sachs reported strong fourth quarter earnings, which alleviated concerns following weak earnings elsewhere. :
The SPDR Financial Select Sector ETF (XLF) rose nearly 2% during Wednesday's session after Bank of America Corporation (BAC) and The Goldman Sachs Group, Inc. (GS) reported better-than-expected fourth quarter financial results. While trade tensions and a possible economic downturn remain a concern, most banking executives believe that the underlying economic data is still healthy and that trading remains robust.
Krupa Global Investments Critiques Diebold Nixdorf Executive Compensation And Turnaround Plan; Releases Information Demand
2018-12-20T09:31:05.472297-05:00https://www.thetrustedinsight.com/investment-news/krupa-global-investments-critiques-diebold-nixdorf-executive-compensation-and-turnaround-plan-releases-information-demand-20181220055/
PRAGUE, Dec. 20, 2018 /PRNewswire/ -- Krupa Global Investments ("KGI"), one of the largest institutional shareholders of Diebold Nixdorf, is demanding answers from management of the Ohio-based financial and retail technology company in an open letter to management released on December 18, 2018. The letter is an update on an initial information demand issued on August 1, 2018 demanding specific information from management pursuant to Section 220 of Delaware General Corporation Law. Krupa Global Investments currently owns 862,948 shares of Diebold Nixdorf, equal to an approximately 1.1% of outstanding shares.
Mphasis: A Classic Turnaround Story | Business Standard News
2018-11-19T06:01:07.023453-05:00https://www.thetrustedinsight.com/investment-news/mphasis-a-classic-turnaround-story-business-standard-news-20181119383/
MphasiS has been a steady performer on the operational front since the last two years. :
Takeover by the US-based private equity firm Blackstone and a sharp turnaround in HP/DXC channel, which constitutes nearly 30 per cent of its business, have changed the fortunes of the midcap IT company MphasiS, and how! The Bengaluru-based IT services firm got a new lease of life when Blackstone acquired a controlling 60.5 per cent stake in the company from Hewlett-Packard Enterprise (HPE) in September 2016.
Elliott Plans To Hold Onto Ac Milan, Plot Turnaround
2018-07-11T15:51:06.082810-04:00https://www.thetrustedinsight.com/investment-news/elliott-plans-to-hold-onto-ac-milan-plot-turnaround-20180711992/
Elliott Management Corp., the investment firm run by billionaire Paul Singer, plans to hold onto AC Milan and run the Italian football club alone -- at least until it’s back on solid footing, according to people familiar with the matter. The New York-based hedge fund said Tuesday it had taken control of AC Milan, after the club’s Chinese owner defaulted on its debt obligations.
Deutsche Bank Turns To Investor Cerberus For Turnaround Advice
2018-07-10T11:01:05.541932-04:00https://www.thetrustedinsight.com/investment-news/deutsche-bank-turns-to-investor-cerberus-for-turnaround-advice-20180710823/
Troubled Deutsche Bank has turned to one of its investors for advice on how to turn around fortunes at the loss-making lender. Chief executive Christian Sewing has hired New York-based private equity firm Cerberus as an adviser. The turnaround specialist has a roughly 3pc stake in Deutsche Bank and its other investments include fellow German lender Commerzbank. Mr Sewing, who took over from ousted Yorkshire-born boss John Cryan earlier this year, announced early in his tenure that he would push through more than 7,000 job losses, with the axe mainly falling in its under-performing investment bank.
U.S. College Endowments Gained 12.2% In Best Showing Since 2014
2018-01-25T15:20:41.954226-05:00https://www.thetrustedinsight.com/investment-news/us-college-endowments-gained-122-in-best-showing-since-2014-20180125774/
U.S. college endowments gained 12.2 percent on average in fiscal 2017, the best performance in three years, according to an industry survey. The performance for the year ended June 30 marks a turnaround from a year earlier when the average endowment incurred a loss.
GIC's Investment A Boost To Indian RE Developer's Risk Profile
2017-08-29T11:05:44.824767-04:00https://www.thetrustedinsight.com/investment-news/gics-investment-a-boost-to-indian-re-developers-risk-profile-20170829574/
Singapore's sovereign wealth fund is buying one-third of the rental property unit of India's largest developer in a $1.4 billion investment viewed as a turnaround point in the country's debt-laden real estate business.
Chicago Teachers’ Pension Fund: Nearly $200 in Payouts for Every $1 Earnings
2017-06-13T12:32:44.614283-04:00https://www.thetrustedinsight.com/investment-news/chicago-teachers-pension-fund-nearly-200-in-payouts-for-every-1-earnings-20170613295/
In 2016, Chicago Teachers’ Pension Fund (CTPF) paid out $1.5 billion in benefits while earning only $7.8 million on investments. Yes, the fund disbursed nearly $200 in benefits for every $1 in invest...
Why Sovereign Wealth Funds Are PouringB Into Tech Firms
2017-06-07T15:35:40.455322-04:00https://www.thetrustedinsight.com/investment-news/why-sovereign-wealth-funds-are-pouringb-into-tech-firms-20170607172/
Today, Malaysia’s Khazanah Nasional is among the most active sovereign wealth funds in the world when it comes to technology investments, together with funds such as Singapore’s GIC, Temasek Holdings and China Investment Corp (CIC). It’s a big turnaround from just 10 years ago, when close to 90 per cent of Khazanah’s holdings and investments were in Malaysian companies.
Hedge Funds Shuffle Positions As OPEC Decision Nears
2017-05-22T18:36:05.988777-04:00https://www.thetrustedinsight.com/investment-news/hedge-funds-shuffle-positions-as-opec-decision-nears-20170522778/
LONDON Hedge funds have started to rebuild bullish long positions in crude oil as OPEC prepares to extend its production cuts for an additional nine months. Hedge funds and other money managers increased their net long position in the three major futures and options contracts linked to Brent and WTI by 6 million barrels in the week to May 16 (tmsnrt.rs/2qGJbP8). While the increase was small it marks a turnaround after three consecutive weeks in which funds had reduced their net long position by a total of 308 million barrels (tmsnrt.rs/2rI6bMg). There were sharply contrasting views in the market about...
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.
GAM: Hedge Fund to Demand New CEO
2017-03-29T18:20:07.038557-04:00https://www.thetrustedinsight.com/investment-news/gam-hedge-fund-to-demand-new-ceo-20170329990/
A hedge fund prepares to demand the resignation of GAM CEO Alexander Friedman tomorrow. The shareholder also wants further radical measures implemented to help turn the fortunes around at the Zurich-...
Recovering Russia Lures Investors, Even After Bumper Year Of Returns
2017-01-03T12:49:06.906538-05:00https://www.thetrustedinsight.com/investment-news/recovering-russia-lures-investors-even-after-bumper-year-of-returns-20170103052/
<p>It's been a tough couple of years for Vladimir Miroshnikov, head of business development at Rolf, one of Russia's biggest car dealerships. But like many foreign investors, he's banking on an economic turnaround in 2017.</p>
<p>Russian car sales, once growing around 50 percent a year, dropped off a cliff in 2015 after the rouble's 2014 collapse and fell a further 10 percent in 2016.</p>
Hedge Funds YTD Outflows Reach $83.1 Billion In November
2016-12-28T11:27:34.521834-05:00https://www.thetrustedinsight.com/investment-news/hedge-funds-ytd-outflows-reach-831-billion-in-november-20161228923/
Despite redemption pressures that continued into November, hedge fund assets remain solidly above the $3 trillion AUM mark. November’s outflow was the industry’s third consecutive month of redemption...
Columbia University’s Endowment Looks to Hire as CEO Settles In
2016-12-20T11:02:19.846509-05:00https://www.thetrustedinsight.com/investment-news/columbia-universitys-endowment-looks-to-hire-as-ceo-settles-in-20161220702/
Columbia University’s $9 billion endowment is searching for talent and promoting staff as a new chief executive officer starts putting his stamp on a fund that outperformed during volatile times.
Sheila Hooda Joins Virtus Investment Partners Board
2016-12-14T14:06:33.641342-05:00https://www.thetrustedinsight.com/investment-news/sheila-hooda-joins-virtus-investment-partners-board-20161214503/
<p>Virtus Investment Partners, Inc., which operates a multi-manager asset management business, today announced that Sheila Hooda, founder, chief executive officer and president of Alpha Advisory Partners, has been appointed to the Virtus Board of Directors.</p>
<p>Hooda founded Alpha Advisory Partners in 2013 and has served as its CEO and president, focusing on strategy and long-term planning. The firm advises on strategic positioning, mergers and acquisitions, turnaround and transformation, customer-centricity and digital business models for companies in the financial and business services sectors.</p>
KKR Wants Stake In German Research Firm GfK To Drive Turnaround
2016-12-08T13:11:32.357621-05:00https://www.thetrustedinsight.com/investment-news/kkr-wants-stake-in-german-research-firm-gfk-to-drive-turnaround-20161208244/
<p>U.S. private equity firm Kohlberg Kravis Roberts launched a tender offer on Thursday for a stake in Germany's GfK, teaming up with the faltering market research firm to develop new computer-based strategies and fend off competition.</p>
<p>GfK's majority shareholder, GfK Verein, will hold on to its 56.46 percent stake under the agreement but said it would support the technological overhaul proposed by KKR, which has a track record of successfully turning around media and market research businesses.</p>
Goldman: Hedge Funds Are Poised To Get Beaten For The Eighth Year Straight
2016-11-22T15:40:10.593085-05:00https://www.thetrustedinsight.com/investment-news/goldman-hedge-funds-are-poised-to-get-beaten-for-the-eighth-year-straight-20161122608/
Those looking to explain what's set to be another bad year for hedge funds could do worse than blame their passion for tech. The funds have averaged a 4 percent gain year-to-date, but that pales next to a 9 percent rally in the S&P 500. Barring a sharp turnaround before December 31, this will be the eighth year since 2008 that hedge funds have underperformed, according to Goldman Sachs Group Inc. strategists including Ben Snider and David Kostin.
Consumer Staples Lead Hedge Fund Purchases In Q3
2016-11-18T11:25:06.853680-05:00https://www.thetrustedinsight.com/investment-news/consumer-staples-lead-hedge-fund-purchases-in-q3-20161118456/
By Andrew Birstingl, FactSet The 50 largest hedge funds increased their equity exposure by 2.9% in Q3 2016. This marked a turnaround from Q2, when equity exposure decreased by 1.3%. Seven out of the 11 GICS sectors experienced aggregate purchases
Michael Kiolbassa's Family Business Was Growing Fast But Losing Money Faster
2016-11-09T11:48:06.715704-05:00https://www.thetrustedinsight.com/investment-news/michael-kiolbassas-family-business-was-growing-fast-but-losing-money-faster-20161109022/
Michael Kiolbassa, 54, is president of Kiolbassa Provision in San Antonio, TX, a family business his grandfather Rufus Kiolbassa founded in 1945. The company makes handcrafted smoked meats including 25 kinds of sausage and several varieties of bacon.
Miami Investment Group Buys Industrial Campus Near Hialeah For $18M
2016-11-07T15:40:10.465131-05:00https://www.thetrustedinsight.com/investment-news/miami-investment-group-buys-industrial-campus-near-hialeah-for-18m-20161107912/
Equitable Real Estate Partners just scooped up a three-building industrial campus east of Hialeah for $17.5 million. The deal marks a quick turnaround for Terranova Corp., the seller, which had bought out its partner on the property Blackrock Realty Advisors late last year.
Consumer Discretionary Leads Hedge Fund Inflows In Q2; Funds Dump Netflix, Apple
2016-08-19T17:00:16.311030-04:00https://www.thetrustedinsight.com/investment-news/consumer-discretionary-leads-hedge-fund-inflows-in-q2-funds-dump-netflix-apple-20160819976/
Consumer Discretionary Leads Hedge Fund Inflows In Q2 by Andrew Birstingl, Research Analyst – FactSet The 50 largest hedge funds increased their equity exposure by 0.3% in Q2 2016. This marked a turnaround from Q1 when equity exposure declined almost […]
Harvard Trims Staff At Endowment With CEO On Temporary Leave
2016-06-20T16:44:27.775427-04:00https://www.thetrustedinsight.com/investment-news/harvard-trims-staff-at-endowment-with-ceo-on-temporary-leave-20160620811/
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world....
Private Equity Tycoon Damon Buffini's Knighthood Marks A Commendable Image Turnaround
2016-06-14T13:03:11.541799-04:00https://www.thetrustedinsight.com/investment-news/private-equity-tycoon-damon-buffinis-knighthood-marks-a-commendable-image-turnaround-20160614495/
Union officials interrupted his attendance at his local South London church with a camel, suggesting that it would be easier for it to pass through the eye of a needle than for him to get to heaven.
Pelargos Joins Hedge Funds’ Bet On Turnaround At Honda
2016-05-31T15:30:40.684359-04:00https://www.thetrustedinsight.com/investment-news/pelargos-joins-hedge-funds-bet-on-turnaround-at-honda-20160531569/
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world....
Funds-of-Funds Top Pick For Pensions In Private Equity
2016-05-26T11:32:19.643564-04:00https://www.thetrustedinsight.com/investment-news/funds-of-funds-top-pick-for-pensions-in-private-equity-20160526338/
More than two-thirds of North American public and private sector pensions choose funds-of-funds for private equity exposures, Preqin has found....
Harvard’s Blyth Takes Medical Leave at $37.6 Billion Fund
2016-05-23T15:57:24.343792-04:00https://www.thetrustedinsight.com/investment-news/harvards-blyth-takes-medical-leave-at-376-billion-fund-20160523117/
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world....
Speyside Acquires Opta Minerals, Plans For Turnaround
2016-05-12T10:50:58.978527-04:00https://www.thetrustedinsight.com/investment-news/speyside-acquires-opta-minerals-plans-for-turnaround-20160512343/
<span style="line-height: 20.8px;">Speyside Equity is pleased to announce that it has acquired Opta Minerals Inc (TSX: OPM). The acquisition was approved by the selling shareholders on March 31, 2016 and closed in April.</span>
China's Housing Bubble Is Starting To Look A Lot Like The US Before The Crash
2016-05-02T10:30:09.863789-04:00https://www.thetrustedinsight.com/investment-news/chinas-housing-bubble-is-starting-to-look-a-lot-like-the-us-before-the-crash-20160502524/
China's property market is staging a major turnaround as property prices in tier 1 cities have heated up quickly over the past few months. For the first quarter, residential prices in Shenzhen are up nearly 80% year-over-year, while those in Shanghai were up by roughly 65%, according to figures cited by Capital Economics analysts.
How a Hedge Fund Saved Olive Garden by Making Its Breadsticks Better
2016-04-07T17:57:23.649728-04:00https://www.thetrustedinsight.com/investment-news/how-a-hedge-fund-saved-olive-garden-by-making-its-breadsticks-better-20160407725/
It is rare that activist investors start a proxy fight. It is even more uncommon to actually overthrow a company’s board. And it is probably once-in-a-lifetime that you see such corporate intrigue ex...
The Top Four Investors In The Running For Tata Steel's UK Assets
2016-04-04T13:08:19.459522-04:00https://www.thetrustedinsight.com/investment-news/the-top-four-investors-in-the-running-for-tata-steels-uk-assets-20160404599/
As emergency talks take place in London and Welsh AMs reconvene to discuss the steel crisis in Cardiff Bay, economics correspondent Sarah Dickins looks at who might take over the threatened Tata steel.
Sanjeev Gupta Looking To Acquire Tata Steel UK Steel Plants
2016-04-04T12:07:35.923925-04:00https://www.thetrustedinsight.com/investment-news/sanjeev-gupta-looking-to-acquire-tata-steel-uk-steel-plants-20160404586/
He is proposing a radical turnaround plan that could cost as much as £1 billion by shutting down the blast furnaces and instead produce steel from the scrap generated in domestic market
Distressed India Lures Private Equity
2016-04-01T11:11:14.339949-04:00https://www.thetrustedinsight.com/investment-news/distressed-india-lures-private-equity-20160401535/
<span style="line-height: 20.8px;">India's back in fashion for private-equity players: this time those looking for distressed assets. A surge in bad loans to once-thriving and now defunct companies such as Kingfisher Airlines means there are plenty of turnaround plays to pick from. </span>
Pension Funds Say Pearson Relies Too Much On U.S. Testing Business
2016-03-23T17:47:16.591501-04:00https://www.thetrustedinsight.com/investment-news/pension-funds-say-pearson-relies-too-much-on-us-testing-business-20160323108/
The coalition of unions — the British-based TU Fund Managers; the Chicago Teachers Pension Fund; and UNISON, which is one of the largest trade unions in Britain and 130 individual shareholders — has sent a resolution to Pearson demanding that it “conduct a thorough business strategy review of Pearson PLC including education commercialization and its support of high stakes testing and low-fee private schools and to report to shareholders within six months.”
U.S. and British labor unions whose pension funds own stock in Pearson, the world’s largest education company, are challenging what they say is the firm’s “over-reliance” on educational testing in the United States and plan to take up the issue at an April stockholders meeting.
Canada Pension To Invest $525 m In Stressed Assets
2016-03-14T17:48:54.963746-04:00https://www.thetrustedinsight.com/investment-news/canada-pension-to-invest-525-m-in-stressed-assets-20160314548/
Big foreign investors seem to be gradually warming up to the idea of investing in distressed assets in the country....
Can Darren Topp Revive The BHS Chain He Bought For £1 Last Year?
2016-03-14T17:30:31.994692-04:00https://www.thetrustedinsight.com/investment-news/can-darren-topp-revive-the-bhs-chain-he-bought-for-1-last-year-20160314543/
BHS chief executive Darren Topp had to face his staff on Friday morning last week and tell them hundreds would lose their jobs and dozens of stores are likely to close.
DreamWorks' CEO Interested In Viacom's Paramount Pictures
2016-03-13T14:30:20.839080-04:00https://www.thetrustedinsight.com/investment-news/dreamworks-ceo-interested-in-viacoms-paramount-pictures-20160313466/
Hollywood studio DreamWorks Animation SKG Inc would be interested in a merger with Viacom Inc's Paramount Pictures, the company's chief executive said on Tuesday.
This Hedge Fund Topped Rivals With Mix Of Algorithms And 16th-Century Theory
2016-03-11T09:00:16.812518-05:00https://www.thetrustedinsight.com/investment-news/this-hedge-fund-topped-rivals-with-mix-of-algorithms-and-16th-century-theory-20160311355/
The market turbulence leading investors to flee hedge funds around the world is providing a measure of vindication for one asset manager. First Quadrant LP, which manages $11 billion in foreign-exchange strategies, relies on computer models that crunch data such as interest-rate differentials and equity valuations to identify currencies’ fair value and determine entry and exit points. The $1 billion Absolute Return Currency Fund it runs out of Pasadena, California, for John Hancock...
Zenefits Missed Sales Projections By A Lot
2016-03-06T10:30:34.177291-05:00https://www.thetrustedinsight.com/investment-news/zenefits-missed-sales-projections-by-a-lot-20160306026/
"Zenefits more than tripled its Annually Recurring Revenue (ARR) last year, growing from $20 million to over $60 million," the company's new CEO David Sacks revealed in an email when announcing that he was laying off 250 people.
Marissa Mayer May Turn To Private Equity Firms To Save Her Job
2016-03-05T14:00:19.159579-05:00https://www.thetrustedinsight.com/investment-news/marissa-mayer-may-turn-to-private-equity-firms-to-save-her-job-20160305000/
Embattled Yahoo CEO Marissa Mayer may be exploring a deal to take the business private in order to stay at its helm, even as her board weighs a sale of the struggling search giant to telecommunications companies.
Homeland Security Awards Contract To IoT Startup
2016-03-04T13:00:19.563094-05:00https://www.thetrustedinsight.com/investment-news/homeland-security-awards-contract-to-iot-startup-20160304942/
It's part of DHS' calculated effort to tap into the cutting-edge private sector technology -- and technology talent -- often provided by startups.
Two Major Hedge Funds Lose In February But Einhorn Gains
2016-03-01T17:13:17.426630-05:00https://www.thetrustedinsight.com/investment-news/two-major-hedge-funds-lose-in-february-but-einhorn-gains-20160301784/
David Einhorn's Greenlight Capital was one of the first funds to report good news to investors, telling clients that he gained 1.9 percent in February which left the fund up 3.3 percent for the first two months of 2016, a source said. Rosenstein told investors that his Jana Partners fund lost 3.6 percent in February, leaving it down 7.3 percent. His Jana Nirvana fund lost even more money, dropping 5.37 percent to be off 10.9 percent, a second source said. For Rosenstein, part of the trouble is surely related to pharmaceutical company Valeant Pharmaceuticals International Inc...
Uncertainty Reigns In Private Equity
2016-03-01T09:00:27.217923-05:00https://www.thetrustedinsight.com/investment-news/uncertainty-reigns-in-private-equity-20160301728/
Listed private equity mega-firms like Carlyle, KKR, and Apollo have all been in the news recently for engaging in share buybacks. <span style="line-height: 20.8px;">The practice is common for public companies that want to improve their share price by reducing the number of available shares. </span>
Harvard's Endowment Said To Anchor Ex-Apollo Partner Fund
2016-02-24T13:00:19.452314-05:00https://www.thetrustedinsight.com/investment-news/harvards-endowment-said-to-anchor-ex-apollo-partner-fund-20160224438/
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Harvard University’s endowment, in backing a distressed energy fund started by former Apollo Global Management LLC executive Sam Oh, is following through on a plan to invest more in private equity as part of an overhaul under its new chief executive officer. Harvard is an anchor investor in the fund, which is seeking $500 million to $1 billion, according to two people with knowledge of the matter. The new firm, Mountain...
Investment Trust Watch: Mighty 3i Falls To A Discount
2016-02-16T13:05:29.524715-05:00https://www.thetrustedinsight.com/investment-news/investment-trust-watch-mighty-3i-falls-to-a-discount-20160216086/
<p style="line-height: 18.9091px;">This week saw a dramatic illustration of the poor sentiment afflicting private equity investment trusts as shares in 3i Group<span style="line-height: 1.6;"> fell to their first discount in three years.</span> While big discounts have dogged the sector since the financial crisis, 3i, the £4 billion market leader, bucked the trend as its shares soared to a premium of over 40% to net asset value at one point in response to the turnaround orchestrated by chief executive Simon Borrows.</p>
Carlyle Group Reports Drop In Profit And Announces Stock Buyback
2016-02-10T14:32:32.538111-05:00https://www.thetrustedinsight.com/investment-news/carlyle-group-reports-drop-in-profit-and-announces-stock-buyback-20160210849/
<span style="line-height: 18.9091px;">The </span>Carlyle Group<span style="line-height: 18.9091px;"> on Wednesday announced its first stock buyback as it tries to counter the perception, heightened by turbulent markets, that the boom in </span>private equity<span style="line-height: 18.9091px;"> is over.</span>
Yahoo Loses Mobile Entrepreneur Arjun Sethi To Venture Firm
2016-02-07T15:30:18.214524-05:00https://www.thetrustedinsight.com/investment-news/yahoo-loses-mobile-entrepreneur-arjun-sethi-to-venture-firm-20160207657/
Arjun Sethi, who sold mobile messaging startup MessageMe to Yahoo in 2014, said he plans to leave the Internet company to become an investing partner at venture-capital firm Social Capital Partnership.
The Secretive Hedge Fund That's Generating Huge Profits For Yale
2016-02-06T10:30:11.100304-05:00https://www.thetrustedinsight.com/investment-news/the-secretive-hedge-fund-thats-generating-huge-profits-for-yale-20160206596/
In a year when titans Bill Ackman and David Einhorn each lost more than 20 percent for their investors, David Swensen’s bet on a little-known hedge fund kept making him money. Nancy Zimmerman’s Bracebridge Capital has gone from $5.8 billion in assets four years ago to $10.3 billion today with a return of about 10 percent a year since its inception. That makes it the largest hedge fund in the world run by a...
IPO Market Continues Its 3-Year Biotech Run
2016-02-05T13:00:13.083871-05:00https://www.thetrustedinsight.com/investment-news/ipo-market-continues-its-3-year-biotech-run-20160205560/
The Nasdaq Biotech Index is down 23% this year. A whopping 81% of 2015 biotech IPOs trade below issue. Against that backdrop, large biotechs Editas Medicine (NASDAQ:EDIT) and BeiGene (NASDAQ:BGNE) delivered solid first-day returns as the first two IPOs of 2016.
Third Point Founder Dan Loeb Defends Activism
2016-02-03T10:43:11.098707-05:00https://www.thetrustedinsight.com/investment-news/third-point-founder-dan-loeb-defends-activism-20160203404/
Hedge fund manager Daniel Loeb, the founder of Third Point LLC, has hit back at those taking aim at activist investing. Loeb, one of the most prominent activist investors of his generation, defended the strategy in his second-quarter letter to investors. The strategy has generated bumper returns for investors over the years, but it has recently faced criticism from the likes of BlackRock CEO Larry Fink and Democratic presidential candidate Hillary Clinton. Loeb argues in his letter that a lot of the criticism is out of date. He said his generation of activist investors was different from the corporate raiders...
Turquoise Partners, REYL Finance Launch Private Equity Fund In Iran
2016-02-02T11:00:17.315778-05:00https://www.thetrustedinsight.com/investment-news/turquoise-partners-reyl-finance-launch-private-equity-fund-in-iran-20160202340/
Iranian financial services group Turquoise Partners is launching an Iran-focused private equity fund in partnership with REYL Finance (MEA) Ltd., REYL & Cie’s DIFC-based entity. The new fund will be broadly focused on the rise of the Iranian consumer and will include, but will not be limited to, consumer goods, pharmaceuticals and hospitality. It aims to raise $200 million in the first six months of the year.
Private Equity & Venture Capital In 2016
2016-01-29T16:00:13.886250-05:00https://www.thetrustedinsight.com/investment-news/private-equity-venture-capital-in-2016-20160129204/
January 2016 finds private equity in good shape. Like any successful industry it faces many issues – high valuations, increasing regulation, a crowded fundraising market, fee pressures – all of which are covered in more detail by my colleague Christopher Elvin, but the bottom line remains the same: private equity has delivered superior returns to its LPs, and most of them intend to increase their allocations to the asset class. What I would like to focus on here is what precisely we mean by the phrase ‘private equity’ and how that is evolving. The private capital industry has grown and...
Broadspectrum Investors Agree Ferrovial's $715M Bid Not Fair Or Reasonable
2016-01-22T16:30:12.839515-05:00https://www.thetrustedinsight.com/investment-news/broadspectrum-investors-agree-ferrovials-715m-bid-not-fair-or-reasonable-20160122937/
Broadspectrum investors have backed the board's decision to formally reject Ferrovial's $715 million hostile takeover bid after an independent expert's report concluded the Spanish infrastructure group's offer was "not fair and not reasonable".
Some Bankrupt Oil And Gas Drillers Can't Give Their Assets Away
2016-01-22T15:00:14.824448-05:00https://www.thetrustedinsight.com/investment-news/some-bankrupt-oil-and-gas-drillers-cant-give-their-assets-away-20160122931/
In mid-2014, when the crude price topped $100 a barrel, Clark made an offer to buy properties from Dune Energy Inc., a small driller with money trouble. Dune turned him down. A year later, as oil plunged to $60 a barrel, Dune filed for bankruptcy and Clark’s White Marlin Oil & Gas Co. picked up the assets at auction at a deep discount.
Ontario Teachers’ Pension Plan Finds New Chief Investment Officer In Denmark
2016-01-21T10:34:34.166210-05:00https://www.thetrustedinsight.com/investment-news/ontario-teachers-pension-plan-finds-new-chief-investment-officer-in-denmark-20160121865/
The Ontario Teachers’ Pension Plan has appointed a new chief investment officer to replace longtime CIO Neil Petroff, who retired in June....
American Apparel Defends Turnaround Plan Against Charney's Bid
2016-01-21T10:17:27.693871-05:00https://www.thetrustedinsight.com/investment-news/american-apparel-defends-turnaround-plan-against-charneys-bid-20160121860/
<p>Los Angeles-based American Apparel Inc, known for its “Made in the U.S.A” fashion and sexually charged advertising, joined other teen-focused retailers by filing for bankruptcy in October due to changing shopping habits. The company is seeking court approval of a bankruptcy exit plan backed by a group of hedge funds. Charney has objected and is trying to convince the judge a takeover backed by competing investment funds, Hagan Capital Group and Silver Creek Capital Partners, is a better deal.</p>
Iran Must Wait Months For Oil Investors
2016-01-18T16:21:59.571136-05:00https://www.thetrustedinsight.com/investment-news/iran-must-wait-months-for-oil-investors-20160118670/
The Iranian oil ministry in December unveiled the outline of new contracts aimed at attracting the billions of dollars it needs to rehabilitate its neglected oil and gas infrastructure.
Starboard Value Pushes Macy’s To Pursue Deals For Its Real Estate
2016-01-13T12:59:55.926275-05:00https://www.thetrustedinsight.com/investment-news/starboard-value-pushes-macys-to-pursue-deals-for-its-real-estate-20160113526/
A prominent activist shareholder urged Macy’s on Monday to continue pursuing potential deals for its real estate, bringing in partners to help generate cash from the retailer’s famed holdings like Herald Square in Manhattan.
Millbrook Capital Promotes Rivera To President
2016-01-11T16:54:03.208620-05:00https://www.thetrustedinsight.com/investment-news/millbrook-capital-promotes-rivera-to-president-20160111378/
Millbrook Capital Management Inc. (MCM), a family office that specializes in direct private equity investments, is pleased to announce the appointments of Alan L. Rivera to President and John W. Powers to Senior Vice President effective January 1, 2016.
India Set To Re-open Commercial Coal Mining To Private Firms
2016-01-11T15:11:20.307398-05:00https://www.thetrustedinsight.com/investment-news/india-set-to-re-open-commercial-coal-mining-to-private-firms-20160111353/
Anil Swarup, India’s top coal bureaucrat, said the government has identified mines it intends to auction, and a plan should be ready in the 2-3 months
Mining Mergers Are No Easy Sell Amid Chinese Contagion
2016-01-08T11:32:28.926464-05:00https://www.thetrustedinsight.com/investment-news/mining-mergers-are-no-easy-sell-amid-chinese-contagion-20160108282/
January is a great time for bargain hunting, and mining mergers should be no different
Energy Project Finance Platform Sees Mexico As Priority
2016-01-08T11:30:50.190359-05:00https://www.thetrustedinsight.com/investment-news/energy-project-finance-platform-sees-mexico-as-priority-20160108281/
Chile-based project financing startup CAAAPITAL sees Mexico as a priority market within Latin America as the country's energy reform stimulates investment in energy infrastructure.
After Dick Smith, Private Equity Will Quickly Shrug Off The Bad Reputation
2016-01-06T15:43:11.841249-05:00https://www.thetrustedinsight.com/investment-news/after-dick-smith-private-equity-will-quickly-shrug-off-the-bad-reputation-20160106136/
<p style="line-height: 20.8px;">One of the biggest critics of failing electronics retailer Dick Smith has admonished investors for trusting in private equity to quickly buy and sell a quality business, but says vendor Anchorage Capital Partners will shrug off any hit to its reputation.</p>
<p style="line-height: 20.8px;">Forager Funds Management chief investment officer Steve Johnson said the quick turnaround of Dick Smith, which appointed receivers and voluntary administrators on Tuesday after it became overburdened with debt, should have sounded alarm bells for investors.</p>
Private Equity Will Be Fine After The Dick Smith Debacle, Says One Of The Company's Biggest Critics
2016-01-06T11:45:31.631728-05:00https://www.thetrustedinsight.com/investment-news/private-equity-will-be-fine-after-the-dick-smith-debacle-says-one-of-the-companys-biggest-critics-20160106112/
One of the biggest critics of failing electronics retailer Dick Smith has admonished investors for trusting in private equity to quickly buy and sell a quality business, but says vendor Anchorage Capital Partners will shrug off any hit to its reputation.
CapitaLand Eyeing Vietnam Office Properties
2015-12-22T16:55:49.362467-05:00https://www.thetrustedinsight.com/investment-news/capitaland-eyeing-vietnam-office-properties-20151222589/
CapitaLand is looking to invest in Vietnam's office property segment, its country head said, as the real estate developer seeks to grow its portfolio beyond residential and serviced apartments in the fast-growing economy.
Rio Tinto seals $4.4 billion financing for Mongolia copper expansion
2015-12-15T17:43:22.499863-05:00https://www.thetrustedinsight.com/investment-news/rio-tinto-seals-44-billion-financing-for-mongolia-copper-expansion-20151215137/
Rio Tinto (RIO.AX)(RIO.L) locked in $4.4 billion (2.9 billion pounds) in financing on Tuesday to fund a massive expansion of a copper mine in Mongolia and a final decision whether to proceed with construction will be made in the first half of 2016.
Dow Chemical and DuPont in talks for $120bn merger
2015-12-10T15:59:30.299088-05:00https://www.thetrustedinsight.com/investment-news/dow-chemical-and-dupont-in-talks-for-120bn-merger-20151210878/
Dow Chemical and DuPont are in talks to merge, creating a chemicals giant with a market value of more than $120bn that could then break up into different businesses.
New York-headquartered Alvarez and Marsal starts PE consulting services in India
2015-12-09T14:00:22.424087-05:00https://www.thetrustedinsight.com/investment-news/new-york-headquartered-alvarez-and-marsal-starts-pe-consulting-services-in-india-20151209788/
New-York headquartered professional services firm Alvarez and Marsal (A&M) has commenced private equity consultancy business in India that will offer private equity performance improvement (PEPI) services in the country, as per a report in The Economic Times. Amith Karan has been appointed as the managing director of the new consulting... Read more »
Here’s a hedge fund embracing commodities, not running away
2015-12-09T12:00:15.419593-05:00https://www.thetrustedinsight.com/investment-news/heres-a-hedge-fund-embracing-commodities-not-running-away-20151209761/
Orion Mine Finance Group is starting a hedge fund at a time when most investors are fleeing commodities. The $2-billion investment firm is opening a fund in January to trade industrial and precious metals, and may eventually add equities, according to Oskar Lewnowski, the founder and chief investment officer. The business, headed by John Fallon, is called Orion Commodities Fund LP and will buy and sell derivatives, as well as physical raw materials. Orion’s expansion is unusual because this year has seen some of the biggest, most well-known traders shut down their flagship commodity funds during the worst year for...
Avon (AVP) In Play: Barington, Cerberus Duel For Cosmetic Maker
2015-12-07T15:30:21.026103-05:00https://www.thetrustedinsight.com/investment-news/avon-avp-in-play-barington-cerberus-duel-for-cosmetic-maker-20151207635/
Unlike earlier this year, or on several other occasions (chart below), this time the breaking news that cosmetic maker Avon Products is in play is apparently not a hoax. For background, industry rival Coty Inc offered to buy Avon for $10 billion back in 2012, and the stock ran up to above $23 a share, but the BoD rejected Coty’s offer as too low and “opportunistic”. A group of private equity investors helmed by Barington Capital proposed a restructuring of Avon earlier this week, arguing that the cosmetics maker is “significantly undervalued” and saying they strongly opposed the sale of...
Private Equity in the Premier League
2015-12-01T16:20:32.940845-05:00https://www.thetrustedinsight.com/investment-news/private-equity-in-the-premier-league-20151201389/
<p data-incom="P0">At present, <a href="http://www.ft.com/intl/cms/s/2/592e9bc2-8f9e-11e5-8be4-3506bf20cc2b.html#axzz3saZMF3rv">most English football teams are owned by foreign individuals</a>. All the majority shareholders of the major Premier League clubs are not English. For instance, the owners of Manchester United and Liverpool, two of the most popular football teams in the United Kingdom, come from the United States. A few days ago, new overseas investors entered the English football industry. The Chicago based PEAK6 Investments <a href="http://www.skysports.com/football/news/11743/10060485/bournemouth-close-on-deal-with-us-private-equity-investors">has purchased the 25 per cent shareholding in the AFC Bournemouth</a>, one of the twenty Premier League clubs.</p>
Cavalli Investment Seems to Show Private Equity Still Interested in Fashion
2015-12-01T12:58:39.651084-05:00https://www.thetrustedinsight.com/investment-news/cavalli-investment-seems-to-show-private-equity-still-interested-in-fashion-20151201355/
The global luxury market might be heading for its weakest year since 2009, but private equity investment, at least within the Italian fashion sector, appears to be back on a growth trend.
A Wealthy Governor and His Friends Are Remaking Illinois
2015-12-01T12:30:16.865149-05:00https://www.thetrustedinsight.com/investment-news/a-wealthy-governor-and-his-friends-are-remaking-illinois-20151201350/
The richest man in Illinois does not often give speeches. But on a warm spring day two years ago, Kenneth C. Griffin, the billionaire founder of one of the world’s largest hedge funds, rose before a black-tie dinner of the Economic Club of Chicago to deliver an urgent plea to the city’s elite. They had stood silently, Mr. Griffin told them, as politicians spent too much and drove businesses and jobs from the state. They had refused to help those who would take on the reigning powers in the Illinois Capitol. “It is time for us to do something,” he...
Lighter Capital Closes $9M B Round, Raises $100M to Lend to Tech Firms
2015-11-30T10:10:42.105282-05:00https://www.thetrustedinsight.com/investment-news/lighter-capital-closes-9m-b-round-raises-100m-to-lend-to-tech-firms-20151130266/
Lighter Capital raises $100 million, aiming to bring the best of both worlds to equity and debt financing.
I Attended An Activist Investor Conference - Here's What I Learned
2015-11-28T10:00:18.359206-05:00https://www.thetrustedinsight.com/investment-news/i-attended-an-activist-investor-conference-heres-what-i-learned-20151128229/
In 2013, I attended the annual Activist Investor Conference in New York, and had the chance to learn from a variety of top North American activists. Here are some of the highlights. Aside from the well-known names (such as Nelson Peltz and Carl Icahn), most activist funds are small with concentrated holdings. Often they are family funds, as big institutional clients don’t want the association with activists. Most activists focus on small and micro-cap companies as this is often where the most egregious management practices and extreme opportunities are to be found. They are mainly value investors, looking for cheap...
The Watermill Group Named Private Equity Firm of the Year by The M&A Advisor
2015-11-26T09:00:16.338108-05:00https://www.thetrustedinsight.com/investment-news/the-watermill-group-named-private-equity-firm-of-the-year-by-the-ma-advisor-20151126172/
The M&A Advisor Awards, widely respected as a pinnacle of achievement in the M&A industry, recognize excellence in deal making, restructuring and financing, and celebrate the contributions and achievements of leading
Turnaround pressure heavy on Mayer
2015-11-25T14:30:14.453965-05:00https://www.thetrustedinsight.com/investment-news/turnaround-pressure-heavy-on-mayer-20151125153/
Lack of a long-awaited turnaround at Yahoo has put pressure on chief executive Marissa Mayer to prove she has what it takes to revive the faded internet pioneer. Investors, who were already disappointed by low momentum under Mayer, have been given more to worry about. A hedge fund with a stake in Yahoo has urged the internet giant to drop its planned spin-off of its holdings in China's Alibaba.
Monadelphous Clinches $144M Contract for Shell's Prelude FLNG Project
2015-11-24T16:40:33.786273-05:00https://www.thetrustedinsight.com/investment-news/monadelphous-clinches-144m-contract-for-shells-prelude-flng-project-20151124070/
Monadelphous clinches a $143.9 million maintenance and modifications services contract for Shell's Prelude floating liquefied natural gas project offshore Western Australia.
Energy Default Alarms Get Louder as Pain Seen Lasting Into 2016
2015-11-11T17:32:47.618149-05:00https://www.thetrustedinsight.com/investment-news/energy-default-alarms-get-louder-as-pain-seen-lasting-into-2016-20151111290/
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Eleven months of depressed oil prices are threatening to topple more companies in the energy industry. Four firms owing a combined $4.8 billion warned this week that they may be at the brink, with Penn Virginia Corp., Paragon Offshore Plc, Magnum Hunter Resources Corp. and Emerald Oil Inc. saying their auditors have expressed doubts that they can continue as going concerns. Falling oil prices are squeezing access to credit, they said....