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Hedge Funds Private Equity and Hedge Funds

  • Feb 16- Ashford Hospitality Prime Inc. has reached an agreement with hedge fund Sessa Capital to add two directors to the real estate investment trust's board. The agreement ends a long feud between the company and the hedge fund, which launched a proxy fight against it last year and was close to launching another before the two sides entered settlement talks.

  • BERLIN, Feb 16- German generic drugs company Stada said on Thursday it had received another takeover approach, the third so far and at 58 euros per share, two euros up on rival suitor Cinven Partners' offer. The company said earlier this week that the private equity investment firm had offered 56 euros per share, but it has not disclosed the price proposed by the...

  • WASHINGTON, Feb 16- President Donald Trump said on Thursday that he hopes he will not have to bring in an outside adviser to review the structure of U.S. intelligence agencies. "I hope that we'll be able to straighten that out without using anybody else," Trump said at a press conference. Trump said Stephen Feinberg, the chief executive of private equity firm Cerberus...

  • PARIS, Feb 16- Hedge fund operator TCI Fund Management said on Thursday it had the support of several other investment firms in its protest against aero engines maker Safran's agreed bid for seats manufacturer Zodiac Aerospace. But we are not looking to act in concert with them, "said TCI partner Jonathan Amouyal, speaking to Reuters by telephone.

  • Feb 16- Hong Kong stocks closed at an 18- month high on Thursday, with sentiment boosted by Wall Street's ongoing rally and demand from China. Analysts said sustained southbound inflows had helped the Hong Kong stock market. Robert Di, founding partner of hedge fund manager RPower Capital, said the outlook on Hong Kong stocks was improving, and the enthusiasm...

  • NEW YORK, Feb 15- Morgan Stanley's chief U.S. equity strategist, Adam Parker, is leaving the company, according to an internal memo seen by Reuters on Wednesday. Parker is joining hedge fund Eminence Capital, according to a person familiar with the matter. Peter Santoro, who had been head of global equities trading, is leaving for Millennium Partners, Reuters...

  • Feb 15- Activist hedge fund Voce Capital Management LLC nominated on Wednesday four candidates, including its founder and managing partner, for election to Air Methods Corp's board, as part of efforts to turnaround the medical helicopter company. Voce, which has held a stake since 2011 and has long advocated Air Methods sell itself, threatened on Jan. 30 to start a...

  • NEW YORK, Feb 15- Morgan Stanley's chief U.S. equity strategist, Adam Parker, is leaving the firm, according to an internal memo from the company on Tuesday seen by Reuters. Parker is joining hedge fund Eminence Capital as its director of quantitative strategy, according to a person familiar with the matter who declined to be identified because the matter was...

  • Feb 15- Arconic Inc, which is under pressure from hedge fund Elliott Management, said it sold nearly two-thirds of its 19.9 percent stake in Alcoa Corp for about $890 million. Alcoa Inc spun off Alcoa Corp, which houses the company's traditional aluminum smelting and refining businesses, in November and renamed itself as Arconic. The stake sale comes at a time when...

  • Feb 15- Activist hedge fund Voce Capital Management LLC on Wednesday nominated four candidates for election to Air Methods Corp's board, as it stepped up efforts to turnaround the medical helicopter company. Voce, which has long advocated that Air Methods sell itself, threatened in late January to start a proxy war, months after it backed off a similar threat...

  • Feb 14- U.S. hedge fund Elliott Management Corp has dissolved its stake in advertising company Interpublic Group of Companies Inc, a regulatory filing showed on Tuesday. In July 2014, the hedge fund run by Paul Singer said it had bought a 6.7 percent stake in Interpublic. http://reut.rs/2kR2D8Y. A 13- F fling with U.S. regulators on Nov. 14, 2016, showed Elliott held a...

  • OMAHA, Neb.— CSX wants its shareholders to vote on the demands a hedge fund is making as it seeks to install the executive who led Canadian Pacific's turnaround at the U.S. railroad. The Jacksonville, Florida- based CSX said Tuesday it will call a special shareholder meeting so investors can have a say on the requests from Paul Hilal's hedge fund, which it detailed in a...

  • NEW YORK, Feb 14- Top U.S. hedge funds trimmed bets on a group of closely-watched technology stocks in the fourth quarter in an apparent effort to cut their losses following Donald Trump's U.S. presidential election victory, regulatory filings showed. An analysis of nine hedge funds, including Leon Cooperman's Omega Advisors and Daniel Loeb's Third Point,...

  • NEW YORK, Feb 14- Billionaire activist investor Carl Icahn increased his holdings in Herbalife Ltd and Hertz Global Holdings Inc in the fourth quarter, and exited Voltari Corp.. Icahn recently took on a role as special adviser to President Donald Trump, after publicly endorsing the real estate executives candidacy in September 2015. Icahns publicly traded...

  • Softbank is reinventing the wheel: Expert

    Jesper Koll, CEO of WisdomTree Japan KK, says Softbank is leapfrogging into the asset management space.

  • NEW YORK, Feb 14- Several big-name U.S. hedge fund investors in the fourth quarter moved significant parts of their portfolios into financial and pharmaceutical stocks that are expected to benefit under the Trump administration, helping to power the sector to its best January performance in four years. Omega Advisors, run by Leon Cooperman and Steven Einhorn,...

  • BOSTON, Feb 14- Hedge fund manager Scott Ferguson, who has been a director on the board of design software maker Autodesk for nearly year, plans to leave the board as soon as a new chief executive is selected. "Upon appointment of the new CEO, I have agreed to step down from my position as a director, and the company has agreed to name a new mutually agreeable director to...

  • NEW YORK, Feb 14- Activist hedge funds recovered from a slow start last year, ending 2016 with sharp gains, spurred by a stock rally that followed the U.S. presidential election. Hedge fund managers who exclusively or partially manage an activist portfolio of stocks cited the election of President Donald Trump as a year-end boost and a likely tailwind for 2017,...

  • NEW YORK, Feb 14- Activist hedge funds recovered from a slow start last year, ending 2016 with sharp gains across the sector, spurred by a stock rally that followed the U.S. presidential election. Hedge fund managers that exclusively or partially manage an activist portfolio of stocks cited the election of President Donald Trump as a year-end boost and a likely...

  • *Europe, United States favourite destinations for investment. JERUSALEM, Feb 14- Israeli institutional investors are placing billions of dollars in foreign private equity funds after government reforms to encourage household savings brought an influx of cash. Insurance and retirement fund managers have seen their assets swell 50 percent in five years,...