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Carl Icahn Is ‘Excited’ About New Hertz CEO Kathryn Marinello
Hertz Global Holdings on Tuesday announced a shakeup of its leadership ranks, naming Kathryn Marinello as its next president and chief executive officer. Marinello, who was most recently a senior adviser to Ares Capital Management, will take over on Jan. 3 for John Tague, who’s retiring from the rental car company. The move pleased activist investor Carl Icahn, Hertz’s largest shareholder, who said he’s “excited about Hertz and its prospects with [Marinello] at the helm.” Full investment news article
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Ares Management LLC,
Hedge Funds Are Becoming Less Lucrative
Hedge funds have historically marketed themselves as a prestige investment, promising an exclusive group of investors higher returns in exchange for higher fees. The higher returns haven't been there of late, though. Now the high fees are starting to budge, too. Full investment news article
Relevent to this post: Och-Ziff Capital Management Group LLC
Caxton Associates LP,