Some of functionality may not work while you disabled JavaScript. Enable JavaScript for better User Exprience. August 16, 2017

Akzo Nobel Ends Feud With Elliott Management

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.
Read by 66% of LPs August 01, 2017

This Hedge Funder Wants Luxury Condos In Saks Fifth Avenue

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 […]
Read by 33% of LPs July 26, 2017

Activist Sandell Urges Barnes & Noble Board To Explore A Sale

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...
Read by 62% of LPs July 05, 2017

Europe Is The New Hunting Ground For US Activist Investors

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."
Read by 54% of LPs June 22, 2017

This Activist Investor Is Pretty Passive With His Dad's Company

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...
Read by 33% of LPs June 19, 2017

Activist JANA Partners To Make ~$300M On Whole Foods Stake Should Amazon Deal Go Through

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.
Read by 71% of LPs June 07, 2017

David Einhorn Gets Smacked Down At GM’s Annual Meeting

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...
Read by 39% of LPs May 25, 2017

Loeb Says Dow-DuPont Deal Can Create US$20B More Value

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.
Read by 42% of LPs May 22, 2017

Arconic Reaches Truce With Elliott After Bruising Fight

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.
Read by 55% of LPs May 19, 2017

Hedge Funds Push Into Emerging Markets

<p>Nine out of 10 hedge fund strategies tracked by Preqin posted&nbsp;positive&nbsp;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>
Read by 68% of LPs