Investing Private Equity

  • 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...

  • 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...

  • Donald "Jay" Lathen, Jr., who manages Eden Arc Capital Manager 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 a...

  • John Griffin's Blue Ridge Capital, Andreas Halvorsen's Viking Global Investors each slashed their firm's stakes in Allergan by more than half after news broke that Pfizer was walking away from the deal, according to so so-called 13 F regulatory filings released on Monday. Senator Investment Group and Jana Partners yanked their money from Pfizer.

  • NEW YORK, Aug 15- A number of big-name hedge fund investors soured on U.S. stocks in the second quarter and moved to gold and other bearish bets, failing to anticipate the stock. George Soros, Jeffrey Gundlach and David Tepper were among the billionaire hedge fund investors and money managers who slashed their long equity positions in the second quarter, according...

  • LONDON, Aug 15- Hedge funds increased their bullish long positions in crude oil by the most for over two months in the week ending on Aug.9. The increase in net long positions was the largest since the middle of May and comes after hedge funds cut net long positions by a total of 309 million barrels between May 17 and Aug. 2. In the week between Aug. 2 and Aug. 9, hedge funds...

  • *Steinhoff raises agreed bid for Poundland to 610.4 mln stg. LONDON, Aug 11- South African retailer Steinhoff raised its agreed offer for Britain's Poundland to 610 million pounds and said the revised terms were final, challenging investor Elliott Capital to back the deal or risk its collapse. "By offering Poundland shareholders an improved cash offer we aim to...

  • Sherpa's Stanford: Dramatically different world in 5-10 years

    Scott Stanford, Sherpa Capital Co-Founder, discusses how venture capitalists are looking at Silicon Valley right now and how these startups will change the way the world works.

  • *Steinhoff raises agreed bid for Poundland to 610.4 mln stg. LONDON, Aug 11- South African retailer Steinhoff raised its offer for Britain's Poundland to 610.4 million pounds on Thursday, seeking to smooth the passage of an agreed deal after an activist investor increased its stake in the discount chain. The $28- billion hedge fund, founded by American...

  • BOSTON, Aug 8- Hedge funds, known for their big bets, fees and pay packages, are on track to shrink this year as disappointing returns have forced an increasing number to shut down, Barclays said in a report released on Monday. Research firm Hedge Fund Research, in a monthly report released on Friday, counted a total of 10,007 hedge funds worldwide in July.

  • LONDON, Aug 8- Benchmark crude prices have risen almost 8 percent since early last week in what has all the hallmarks of a short-covering rally. Brent futures for October have risen by more than $3 per barrel from a low of $41.80 on Aug. 2 to over $45 in trading earlier on Monday. WTI futures for October delivery have risen by $3 per barrel over the same period from...

  • LONDON, Aug 8- Benchmark crude prices have risen almost 8 percent since early last week in what has all the hallmarks of a short-covering rally. Brent futures for October have risen by more than $4 per barrel from a low of $41.80 on Aug. 2 to over $45 in trading earlier on Monday. WTI futures for October delivery have risen by $3 per barrel over the same period from...