BOSTON/ NEW YORK, Aug 22- Investors owning 31 percent of Allergan shares have asked the Botox maker to call a special shareholder meeting, activist shareholder William Ackman said on Friday, giving the hedge fund manager a victory in his fight to acquire the Botox maker.» Read More
Aug 21- Citigroup Inc has been sending hedge fund firms letters informing them that it cannot sell investments in hedge funds and private-equity funds to clients after a deal with the U.S. Securities and Exchange Commission, the Wall Street Journal reported.
The largest public pension in the country has quietly reduced its investment in one of the largest technology investment firms.
The company, controlled by hedge fund manager Eddie Lampert, said quarterly revenue fell 9.7 percent, reflecting the impact of the separation of its Lands' End clothing business, store closures and sales declines at Sears Canada Inc..
HOFFMAN ESTATES, Ill.— Sears Holdings Inc. recorded a hefty second-quarter loss Thursday on another sales slump, raising more concerns about the future of a company that once was a staple of American shopping. Sears, controlled by billionaire hedge fund investor Edward Lampert, lost $573 million, or $5.39 per share, for the period ended Aug. 2.
A lot more money might be required to invest in private funds given new rules under consideration at the SEC.
LONDON, Aug 20- Commodity hedge fund Krom River is determined to stay the course in uncertain conditions despite a hefty sectoral slide, hoping for fresh inflows from investors fearing a retreat in equities.
Aug 20- Struggling department store chain Sears Canada Inc reported its ninth loss in 14 quarters as sales continued to decline. Hedge fund billionaire Eddie Lampert and his Sears Holdings Corp said in May they were looking to sell their 51 percent stake in Sears Canada.
Bowing to pressure from investors, PetSmart Inc. said Tuesday that it is considering putting itself up for sale. Investment firm Longview Asset Management and hedge fund Jana Partners have both called on PetSmart to sell itself, a move they say would benefit shareholders.
ISDA's 15-member determinations committee voted unanimously Tuesday to postpone the auction until at least after Sept. 2.
TALLAHASSEE, Fla.— A California billionaire environmentalist is pouring millions of dollars into the Florida governor's race to buy television ads attacking Gov. Former hedge fund manager Tom Steyer has put both Scott and the Florida Republican Party on the defensive, prompting them to hit back with their own ads attacking Steyer as a hypocrite.
NEW YORK, Aug 19- Private equity firm Apax Partners LLP is exploring a sale of U.S. healthcare information technology company TriZetto Corp, hoping to fetch as much as $3 billion including debt, according to people familiar with the matter.
NEW YORK— Private equity firm KPS Capital Partners plans to sell automotive industry supplier Waupaca Foundry Inc. to Japan's Hitachi Metals Ltd. for $1.3 billion in cash. Waupaca makes gray and ductile iron castings and supplies the automotive, commercial vehicle, agriculture, construction and industrial markets and employs about 3,900 people.
*Aims to compete with Luxembourg, Dublin and Cayman Islands. DUBAI, Aug 19- Dubai is changing its financial rules in an effort to attract more asset managers- particularly those serving the richest and most risk-tolerant investors, such as hedge funds and private equity funds- to base themselves in the emirate.
Investment managers love bets made by both billionaire activists, according to a new analysis of top hedge fund stock positions.
BOSTON, Aug 18- Thomas Conheeney, who was president of Steven A. Cohen's SAC Capital Advisors during the years the hedge fund was being investigated for insider trading, has stepped down from the position at successor organization Point72 Asset Management, Point72 said on Monday.
FINRA charged Wedbush Securities with having shoddy risk controls, a flaw that allowed traders to flood U.S. markets and execute manipulative trades.
BOSTON, Aug 18- Thomas Conheeney, who was president of Steven A. Cohen's SAC Capital Advisors during the years the hedge fund was being investigated for insider trading, has stepped down and left successor organization Point72 Asset Management, it said on Monday.
Tom Conheeney, the longtime president of SAC Capital, is stepping down from the No. 2 spot at the former hedge fund's successor company, Point72.
Aug 18- Sensors and electrical controls maker Sensata Technologies Holding NV said on Monday its unit would buy Schrader group of companies from private equity firm Madison Dearborn Partners LLC for an enterprise value of $1 billion.
*Spot rate and c.bank guidance rate rarely trade together. SHANGHAI/ HONG KONG, Aug 18- China's central bank and currency traders have found rare consensus on the yuan's value after months of widely divergent pricing, but analysts are divided about whether the current accord signifies a genuine relaxation of control by Beijing.