Hedge Funds


  • Allergan says it stands by statements on Valeant Tuesday, 21 Oct 2014 | 10:45 AM ET

    BOSTON, Oct 21- Allergan Inc said on Tuesday that it believes there is no evidence to support Valeant Pharmaceuticals and hedge fund Pershing Square Capital Management's claims that its chief executive officer spearheaded a campaign to spread misinformation about Valeant.

  • Ugly October: 'Hedge' funds don't live up to name Tuesday, 21 Oct 2014 | 8:44 AM ET
    A trader works on the floor of the New York Stock Exchange.

    Hedge funds designed to profit from choppy and down markets have mostly underwhelmed in October.

  • BOSTON, Oct 20- Billionaire investor William Ackman, whose fund is the largest shareholder in Allergan Inc., and Valeant Pharmaceuticals said the botox maker's Chief Executive Officer David Pyott tried to discredit Valeant as it was making a hostile takeover bid, court documents showed. Ackman's hedge fund has been working with Valeant for months to craft a...

  • Sears said Chief Executive Officer Eddie Lampert and his hedge fund, ESL Investments Inc, would purchase roughly half of the offering, in which the right to buy unsecured senior notes and warrants will be issued to existing shareholders. The move comes after some insurers who offer protection to suppliers against the risk of nonpayment had cancelled or scaled...

  • Oct 20- Allergan Inc shareholder Paulson& Co is urging the Botox maker to merge with specialty pharmaceutical company Shire Plc as an alternative to a deal with hostile bidder Valeant Pharmaceuticals International Inc, according to two people familiar with the matter. The hedge fund, which earlier supported a deal with Valeant, told Allergan CEO David Pyott...

  • BOSTON, Oct 20- Shares in Alpha Bank surged more than 13 percent on Monday after hedge fund manager David Einhorn recommended betting on Greek banks and against French debt. Speaking at the annual Robin Hood Investors Conference in New York, Einhorn recommended going long Alpha Bank and Piraeus Bank with warrants and shorting French debt as a hedge, according to...

  • Oct 20- Allergan Inc shareholder Paulson& Co is urging the Botox maker to merge with specialty pharmaceutical company Shire Plc as an alternative to a deal with hostile bidder Valeant Pharmaceuticals, according to two people familiar with the matter. The hedge fund told Allergan CEO David Pyott that it would support a deal with Shire, the sources said.

  • Sears shares rose about 7.5 percent in early trading. Most of this will come from Lampert and his hedge fund, ESL Investments Inc, which together own 48.5 percent of Sears. Sears' deepening financial troubles have forced insurers and banks to raise the cost of guaranteeing payment to vendors, rattling the retailer's supply chain ahead of the key holiday season.

  • Sears has announced plans to raise a total of just over $2 billion this year and this is the third time in two months that Chief Executive Eddie Lampert, whose interests will take up their rights, has agreed to pump funds into the retailer. Lampert and his hedge fund, ESL Investments Inc, and affiliated funds together own 48.5 percent of Sears. Sears said this month...

  • Sears to raise up to $625 mln through notes offering Monday, 20 Oct 2014 | 6:42 AM ET

    Oct 20- Struggling retailer Sears Holdings Corp said it would raise up to $625 million through a rights offering of senior notes due 2019 and warrants to buy shares. Sears Chief Executive Eddie Lampert and his hedge fund, ESL Investments Inc and certain affiliated funds, plan to exercise their rights, the company said in a statement. Sears said this month that it...

  • New York, Oct 17- Suvretta Capital Management, founded by a former portfolio manager for billionaire investors George Soros and Steven A. Cohen, is generating net returns of 6 percent year-to-date, despite this week's stock market drop and wild gyrations, according to two sources familiar with the situation. The majority of flows into equity strategies over the...

  • Activist urges new leadership at Family Dollar Friday, 17 Oct 2014 | 5:47 PM ET
    A Family Dollar store on July 28, 2014 in Hollywood, Florida.

    Elliott Management sent a letter to Family Dollar's board, nominating seven new directors on Friday.

  • Hedge fund seeks board seats at Family Dollar Friday, 17 Oct 2014 | 5:35 PM ET

    Family Dollar Stores Inc. accepted an $8.5 billion cash and stock buyout offer from fellow discounter Dollar Tree in July. Family Dollar said previously that regulators are less likely to raise antitrust concerns in a deal with Dollar Tree. Elliott Management said that Family Dollar missed a chance to get Dollar General and Dollar Tree into a bidding war.

  • Oct 17- Activist investor Elliott Advisors UK Ltd nominated seven candidates for election to Family Dollar Stores Inc's board as it looks to push for a sale of the dollar store operator to bigger rival Dollar General Corp.. Elliot holds a stake of about 4.9 percent in Family Dollar, the hedge fund said in a statement on Friday. Dollar General's offer was "clearly...

  • NBA's Bucks add third hedge fund owner in Dinan Friday, 17 Oct 2014 | 11:39 AM ET
    Jamie Dinan

    The big "bucks" keep flowing from Manhattan to Milwaukee with Jamie Dinan joining Marc Lasry and Wes Edens as an owner of the NBA's Bucks.

  • Billionaire Einhorn's Greenlight looks to raise cash Friday, 17 Oct 2014 | 7:23 AM ET
    Greenlight Capital president David Einhorn pauses during an interview in New York.

    Billionaire David Einhorn's hedge fund Greenlight Capital plans to raise money for the first time in two years.

  • 'Choppy' year for hedge funds: Pro     Friday, 17 Oct 2014 | 2:40 AM ET

    Amy Bensted, head of hedge fund products at Preqin, says the industry has seen a "choppy" performance.

  • Short seller Carson Block considers hedge fund firm Thursday, 16 Oct 2014 | 6:55 PM ET
    Carson Block, founder of Muddy Waters LLC, poses for a photograph after an interview in San Francisco.

    Carson Block, founder of Muddy Waters, is seriously thinking about starting a hedge fund firm.

  • Steve Cohen made nearly $2 billion in 2014: Source Thursday, 16 Oct 2014 | 5:24 PM ET
    Steve Cohen

    Former hedge fund manager Steve Cohen's Point72 Asset Management, has generated a gross profit of about $1.8 billion so far in 2014.

  • NEW YORK, Oct 16- A former analyst at a San Francisco hedge fund who prosecutors say engaged in an "unparalleled" spree of tipping inside information he obtained from an executive at Foundry Networks Inc was sentenced on Thursday to five years in prison. District Judge Robert Patterson in Manhattan to pay $653,890 in fines and forfeitures for his role in a...

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