Hedge Funds Private Equity and Hedge Funds

  • Square payment in the NYSE

    Shares of payment technology company Square ticked higher after a well-known hedge fund manager reported a higher stake.

  • Emerson also said this month that Japan's Nidec Corp would buy its motors and electric power generation unit for $1.2 billion. Pentair, which has been under pressure from activist hedge fund Trian Fund Management LP to improve its performance, inherited the business as part of its $10 billion all-stock merger with Tyco International Ltd's flow control unit...

  • CHICAGO, Aug 17- A U.S. judge on Wednesday suggested the casino operating unit of Caesars Entertainment Corp ask its parent's private equity sponsors for money to fund a plan to exit its contentious $18 billion bankruptcy. Apollo Global Management LLC and TPG Capital Management LP formed the Caesars casino holding company in a 2008 buyout and the three groups...

  • Aug 17- Combine the standard hedge fund compensation model with the reality of declining fund performance as assets under management increase and you have a whopping conflict of interest. Unlike mutual funds, hedge funds typically get an incentive fee, usually 20 percent of profits, in addition to a 1 or 2 percent annual management fee. In other words, the...

  • BOSTON, Aug 17- Hedge fund Maglan Capital demanded on Wednesday that telecom carrier FairPoint Communications remove four board members, stepping up pressure on a company whose shares it believes could trade 70 percent above their current value. In a letter sent to the board and FairPoint Chief Executive Paul Sunu and seen by Reuters, the hedge fund's two...

  • BOSTON, Aug 17- Hedge fund Maglan Capital on Wednesday demanded that telecom carrier FairPoint Communications remove four board members, stepping up the pressure on a company whose shares it thinks could trade 70 percent above their current value. In a letter sent to the board and FairPoint Communications CEO Paul Sunu on Wednesday, and seen by Reuters, the...

  • In a letter sent to the board and FairPoint Communications CEO Paul Sunu on Wednesday, and seen by Reuters, the hedge fund's two founders said they want board members Dennis Austin, Michael Mahoney, David Treadwell, and Wayne Wilson to "immediately tender their resignations" and warned they would push for a special meeting if no action is taken.

  • BOSTON, Aug 17- Activist hedge fund Marcato Capital Management is pushing Buffalo Wild Wings Inc to shake up its executive ranks and board, saying the casual restaurant chain's stock price could nearly triple if the company improves its business, according to a filing on Wednesday. Marcato founder Mick McGuire said in a Aug. 17 letter to Buffalo Wings Chairman...

  • BOSTON, Aug 17- Activist hedge fund Marcato Capital Management is pushing Buffalo Wild Wings Inc to shake up its executive ranks and board, saying the casual restaurant chain's stock price could nearly triple if it improves its business, according to a filing on Wednesday. Marcato founder Mick McGuire said in a Aug. 17 letter to James Damian, the chairman of the...

  • BOSTON, Aug 17- Activist hedge fund Marcato Capital Management is pushing Buffalo Wild Wings to shake up its executive ranks and board, saying the casual restaurant chain's stock price could nearly triple if it improves its business, according to a filing on Wednesday. Marcato founder Mick McGuire said in a letter to the chairman of the company's board that he...

  • NEW YORK, Aug 16- A Gabonese man who consulted for a joint venture involving a U.S. hedge fund was arrested on Tuesday on charges that he participated in a scheme to bribe officials in Africa to obtain mining rights. Och-Ziff that same month formed a joint venture in Africa with Palladino Holdings Ltd, an investment vehicle incorporated in the Turks and Caicos...

  • NEW YORK, Aug 16- A Gabonese man who consulted for a joint venture involving a U.S. hedge fund was arrested on Tuesday on charges that he participated in a scheme to bribe officials in Africa to obtain mining rights. Och-Ziff that same month formed a joint venture in Africa with Palladino Holdings Ltd, an investment vehicle incorporated in the Turks and Caicos...

  • NEW YORK, Aug 16- A Gabonese man who consulted for a joint venture involving a U.S. hedge fund was arrested on Tuesday on charges that he participated in a scheme to bribe officials in Africa to obtain mineral concessions. Samuel Mebiame, who authorities say worked as a "fixer" for the joint venture and one of its mining companies, was charged in a criminal complaint...

  • NEW YORK, Aug 16- A Gabonese man who consulted for a joint venture involving a U.S. hedge fund was arrested on Tuesday on charges that he participated in a scheme to bribe officials in Africa to obtain mineral concessions.

  • BOSTON, Aug 16- Billionaire hedge fund manager Paul Tudor Jones on Tuesday laid off roughly five dozen employees, or about 15 percent of his workforce, a person familiar with the moves said on Tuesday, in the wake of poor returns and investor redemptions. The cuts were made across the board at Tudor Investment Corp, which oversees roughly $11 billion for wealthy...

  • Aug 16- Blackstone Group LP has offered a financing plan to help debt-laden U.S. supply chain management company JDA Software Group Inc, giving it an alternative option to selling itself to Honeywell International Inc, people familiar with the matter said. JDA's majority owner, buyout firm New Mountain Capital LLC, now has to decide whether to sell the company...

  • Aug 15- ValueAct Capital Management LP took a 1.98 percent stake in Morgan Stanley, regulatory filings showed on Monday, drawn by the Wall Street bank's shift towards stable, fee-based businesses like wealth management.'. The San Francisco- based activist hedge fund said the market did not fully appreciate the transformation of Morgan Stanley's business since...

  • Noting the recent run-up in the benchmark Standard& Poor's 500 index to fresh record highs while economic growth remains weak and corporate earnings are stagnant- George Soros, Jeffrey Gundlach, Carl Icahn and David Tepper were among billionaire hedge fund investors and money managers who slashed their long equity positions in the second quarter, according...

  • Aug 15- Jeff Ubben- run activist hedge fund ValueAct Capital Management LP took a 1.98 percent stake in Morgan Stanley, regulatory filings showed on Monday. ValueAct Holdings LP, a fund of ValueAct Capital Management, said it took a stake of 38 million shares in Morgan Stanley. ValueAct Capital Management played a key role in shaking up Microsoft Corp's...

  • Donald "Jay" Lathen, Jr., who manages Eden Arc Capital Management LLC, was charged with fraud after putting the patients' names on joint brokerage accounts, along with his own, so he could buy bonds for his fund and profit by selling them back to issuers when the patients died, according to a U.S. Securities and Exchange Commission complaint. The fund could not legally be...