Tag:
activist
Latest Headlines
Latest Headlines
Activist hedge fund managers continue to suffer?
"The Bloom" has been off the big-name activist investors for a while now. William Ackman at least is owning up to his failures. "I apologize profusely for the fund's results to date," he said in an investor letter dated Feb. 8, obtained by Bloomberg . Ackman was referring specifically to his fu
ALSO NOTED: Citi's hedge fund woes pose issues for its brokers; Lehman creates restructuring and finance group; and much more..
Company News: > Lehman creates restructuring and finance group. Article > Eaton Vance profits in line with expectations. Article > Ladenburg Thalman pares Lehman estimates. Article > E*Trade doubles authorized shares. Article > Citi's hedge fund woes pose
Icahn now main player in Microsoft-Yahoo drama
The key man in the still unfolding Microsoft-Yahoo pas de deux is not Steve Ballmer, not Jerry Yang, or even Eric Schmidt. It's investor activist Carl Icahn. The New York Times notes that while he has proposed an all-new slate of directors, he really does not want to jump onto the board. What
Event-driven funds take their lumps
Activist hedge funds have been hit hard by the slowdown in the private equity industry. November in fact was nothing short of a debacle. The Financial Times notes the event-driven sector had dropped 4.3 per cent so far this month (Hedge Fund Research) with several big-name firms suffering dou
SPOTLIGHT: Geneva Partners
Activist hedge funds have fared decently over the past few years. So why not a fund of activist funds? Geneva Partners launched such a fund this month with $50 million in assets. Most will go to the top activist managers. The rest will be highly levered and invested in public companies. Artic
Battle brewing: HSBC vs. U.S. hedge fund
HSBC , a fairly strong British brand, thought the burgeoning U.S. was the ticket to higher margins. In 2003, its purchase of Household International, a lender, was hailed as a good strategic move. It subsequently moved to buy a portfolio of loans in 2005 and 2006, according to MarketWatch .
What to make of the Joe Lewis play for Bear Stearns
Given that Joseph Lewis, who now is the proud owner of 8 million Bear Stearns shares, has the gossip mills churning. The New York Post reports that Lewis is a good friend of CEO Jimmy Cayne. They even play bridge together. His modest upbringing makes him a good fit with Bear Stearns. The
ALSO NOTED: Top Wall Street banks trading at huge P-B discounts; NYSE Euronext still focused on integration; and much more...
Company News: > HSBC targeting wealthy in Japan with new branches. Article > Activist investor targeting HSBC. Article > National City to also pare jobs in mortgage unit. Article > NYSE Euronext still focused on integration. Article > Bank of America, Chi
More on the value of activist hedge funds
So do activist hedge funds really create value? Well, as the saying goes, give your economists a spreadsheet and they can pretty much prove anything. So the record is mixed. Activist themselves can argue that they have a great track record . But two Harvard business professors, Robin Greenwood
Activist hedge fund takes Goldman Sachs stake
Activist investor Barry Rosenstein has raised some brows by acquiring about 700,000 shares (about .02 percent) of Goldman Sachs, according to Financial News Online. It is possible that this is a passive investment. But Rosenstein has a reputation as an activist. He stood beside Carl
