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mysanantonio.com January 27, 2022

Alden Hedge Fund Appeals To Investors In News Publisher Lee

OMAHA, Neb. (AP) — The Alden Global Capital hedge fund is sending its own appeal to shareholders of newspaper publisher Lee Enterprises as part of its campaign to acquire the company. The New York-based hedge fund, which is already one of the nation's largest newspaper owners, urged Lee shareholders Thursday to support two new directors it has nominated to help reshape the Davenport, Iowa-based company's strategy. Lee already rejected Alden's $24 per share offer to buy the company and asked shareholders to help it fight off Alden's advances.
Read by 80% of LPs

forbes.com 1 hour, 6 minutes ago

Bill Ackman Takes Stake In Netflix Following Sell-off

Activist guru sees long-term potential in the streaming giant. : Seeking to capitalize on a steep sell-off in Netflix Inc. (NFLX, Financial) over the past several months, Pershing Square Capital leader Bill Ackman (Trades, Portfolio) revealed a stake in the streaming giant earlier this week. In a letter to shareholders released on Wednesday, the billionaire activist investor said the New York-based hedge fund has invested in 3.1 million shares of Netflix since last Friday, making it one of the top 20 shareholders of the company.
Read by 71% of LPs

money.usnews.com 2 hours, 46 minutes ago

Activist Hedge Fund Elliott Reveals Stake In U.s. Utility Nisource | Investing News

(Reuters) - Activist investor Elliott Management disclosed its stake in NiSource on Friday and said it supported the company's decision to name a new chief executive officer, sending shares in the utility to a near two-year high. The company on late Thursday named Lloyd Yates as its chief executive officer with Joe Hamrock announcing his retirement after nearly a decade at NiSource. "As one of NiSource's largest investors, Elliott welcomes the company's decision to refresh its management and board following our recent dialogue," the activist investor said in a statement.
Read by 45% of LPs

thestreet.com January 27, 2022

Inflation A 'real Danger To Markets': Hedge-fund Ceo Klarman

Inflation is raging, and hedge fund titan Seth Klarman, chief executive of Baupost, says it has reached a dangerous level for financial markets. "We don't know how bad the current bout of inflation will be, but we believe that mounting inflation and the related possibility of materially higher interest rates are posing a real danger to financial markets," Klarman wrote in a letter to investors obtained by CNBC.
Read by 63% of LPs

latimes.com January 27, 2022

Netflix Stock Boosted After Hedge Fund Pershing Square Invests - Los Angeles Times

Netflix stock on Thursday rose about 8%, boosted by an announcement from hedge fund Pershing Square Capital Management LP that it had become a top 20 investor. The streamer's stock, which closed at $386.70 a share on the Nasdaq, had been in decline after its earnings results last week revealed it had missed internal projections for new subscribers in the fourth quarter and experienced an expected slowdown in subscriber growth in the first quarter. Netflix subscriptions surged as the COVID-19 pandemic hit, but growth is slowing as businesses reopen and competition from streaming rivals rises.
Read by 73% of LPs

thestreet.com January 27, 2022

Inflation A 'real Danger To Markets': Hedge-fund Ceo Klarman

Click to view a price quote on TSLA. : Inflation is raging, and hedge fund titan Seth Klarman, chief executive of Baupost, says it has reached a dangerous level for financial markets. "We don't know how bad the current bout of inflation will be, but we believe that mounting inflation and the related possibility of materially higher interest rates are posing a real danger to financial markets," Klarman wrote in a letter to investors obtained by CNBC.
Read by 36% of LPs

markets.businessinsider.com January 27, 2022

Netflix Stock Price Soars 10% After Bill Ackman Reveals $1B Bet

Shares fell more than 25% last week after Netflix gave weaker-than-expected guidance for subscriber additions in the current quarter. : Netflix stock spiked as much as 10% on Thursday after hedge fund investor Bill Ackman revealed a $1.1 billion bet on the streaming giant.
Read by 56% of LPs

marketwatch.com January 27, 2022

Netflix Stock Bounces Off 22-month Low After Pershing Square Hedge Fund Buys Shares

Shares of Netflix Inc. bounced 4.8% in premarket trading Thursday, off a 22-month closing low in the previous session, after Bill Ackman said his Pershing Square Capital Management hedge fund bought 3.1 million of the streaming video services company's shares "beginning on Friday and over the past several days." Based on Wednesday's closing price of $359.70, which was the lowest since March 27, 2020, the shares purchased would be valued at about $1.12 billion, or about 0.7% of Netflix's market capitalization of $159.33 billion.
Read by 34% of LPs

markets.businessinsider.com January 27, 2022

Bill Ackman Builds Netflix Stake After Buying Domino's Pizza Stock

Ackman's Pershing Square snapped up Domino's Pizza stock last year, and plowed about $2 billion into its portfolio holdings in the spring of 2020.
Read by 46% of LPs

kitco.com January 27, 2022

Early Data Show January Losses For Stock Picking Hedge Funds | Kitco News

Jan 27 (Reuters) - Hedge funds that specialize in picking stocks started 2022 with losses, investors and research firms said this week as markets went on a rollercoaster ride fueled by fears of rising interest rates and geopolitical turmoil. Data from Morgan Stanley, which works with the world's biggest and most powerful hedge funds, show that global hedge funds were off 3.1% in the first three weeks of January, according to a source with direct knowledge of the research. Morgan Stanley declined to comment.
Read by 57% of LPs