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Hedge Funds Private Equity and Hedge Funds

  • TORONTO/ NEW YORK, April 18- An Ontario judge on Wednesday dismissed a C $1.3 billion lawsuit by Catalyst Capital Group Inc in a case involving Canadian wireless carrier Wind Mobile, citing an abuse of process by the Canadian private equity firm. Catalyst sued VimpelCom Ltd, Canadian investment firm West Face Capital Inc, UBS Securities Canada and others in 2016.

  • April 17- An activist hedge fund that wants Facebook to set up a risk oversight committee asked fellow shareholders on Tuesday to back the proposal, highlighting investor concerns over the company's handling of controversies such as the recent data privacy row. Trillium Asset Management, which owns about 73,000 shares of Facebook Inc, said existing risk...

  • NEW YORK, April 17- The judge overseeing the $1 billion fraud case of defunct New York hedge fund firm Platinum Partners has ordered a separate trial for a defendant planning to argue that Platinum Chief Investment Officer Mark Nordlicht and other defendants were guilty as charged. District Judge Brian Cogan in Brooklyn severed the trial of Jeffrey Shulse, the...

  • NEW YORK, April 17- Hedge fund manager Mick McGuire said on Tuesday that Rayonier Advanced Materials Inc's stock price could triple if the company focuses on integrating a recent acquisition and cutting costs. McGuire said Rayonier's stock price could rise to somewhere between $34 to $60 a share from its current level of $21.94 in roughly three years.

  • MINNEAPOLIS— In a story April 16 about travelers stranded in Mexico after Sun Country Airlines ended seasonal service, The Associated Press reported erroneously that Apollo Global Management, a private equity firm that was acquiring Sun Country, had announced plans in February to cut 350 jobs from the airline's ground service. Hundreds of travelers from...

  • NEW YORK, April 17- The judge overseeing the $1 billion fraud case of defunct New York hedge fund firm Platinum Partners has ordered a separate trial for a defendant planning to argue that Platinum Chief Investment Officer Mark Nordlicht and other defendants were guilty as charged. District Judge Brian Cogan in Brooklyn severed the trial of Jeffrey Shulse, the...

  • April 17- Canada's main stock index rose on Tuesday, helped by upbeat manufacturing data and as energy shares rose alongside oil prices. *At 10:01 a.m. ET, the Toronto Stock Exchange's S&P/TSX Composite Index was up rose 26.57 points, or 0.17 percent, at 15,326.95. *Also helping was Open Text's 3.5 percent rise after activist hedge fund Blue Harbour Group LP CEO...

  • NEW YORK, April 17- Jana Partners LLC, the activist investment firm now taking steps into socially responsible investing, has hired a portfolio manager and analyst to help oversee its effort of pushing companies to become better corporate citizens. Dan Hanson, who for a time managed socially responsible funds at BlackRock Inc, the world's biggest asset manager,...

  • PARIS, April 17- French media group Vivendi defended its strategy for Telecom Italia in a document released on Tuesday, insisting it is best placed as the number one shareholder to provide stability for the former monopoly. Vivendi, which holds a 24 percent stake in TIM, is facing a challenge from activist hedge fund Elliott Advisors, which has built a 9 percent...

  • MUMBAI/ NEW DELHI, April 17- British private equity firm Actis is close to signing a deal to buy the solar power portfolio of Indian conglomerate Shapoorji Pallonji, three people aware of the development said on Tuesday. The acquisition of Shapoorji's 400 megawatt solar power portfolio will be done via a renewable platform owned by Actis named "Sprng Energy" at an...

  • PARIS, April 17- French healthcare group Sanofi is in exclusive talks to sell its Zentiva European generics drugs arm to private equity firm Advent International for 1.9 billion euros, the companies said on Tuesday. The planned Zentiva sale follows a move by UK group Shire this week to sell its oncology business to unlisted French drugmaker Servier for $2.4...

  • PARIS, April 17- French healthcare group Sanofi is in exclusive talks to sell its Zentiva European generics drugs arm to private equity firm Advent International for 1.9 billion euros, the companies said on Tuesday. Earlier this week, it sold some brands to Charterhouse Capital Partners' Cooper-Vemedia drugs manufacturing arm for 158 million euros.

  • Net length across the petroleum complex is only 118 million below the record of 1.484 billion set on Jan. 23. Portfolio managers increased their net long position in Brent by 17 million barrels in the week to April 10 and have raised net length by a total of 48 million barrels since Jan. 23. By contrast, the net long position in WTI was cut by 3 million barrels last week...

  • LONDON, April 16- Hedge funds are making their biggest bet in seven years that the dollar will weaken as evidence mounts that U.S. economic momentum is slowing, thus limiting the scope for higher interest rates. Even if the Fed delivers only three more rate hikes this year rather than the four that had been widely expected, that could still be three more than we get...

  • *FTSE 100 down 0.9 pct at close. LONDON, April 16- UK shares eased on Monday morning, with two corporate events taking centre stage: CEO Martin Sorrell's exit from advertising company WPP and U.S. hedge fund Elliott Management raising its stake in hotel and coffee-shop operator Whitbread. The blue chip FTSE 100 index ended the session down 0.9 percent at 7,198.20...

  • April 16- Hedge fund Elliott Advisors has become the second activist investor to call for Whitbread to split its hotel and coffee shop businesses after emerging as the largest shareholder in the British company. Elliott, which disclosed a 6 percent stake in the FTSE 100- listed group at the weekend, agrees with fellow activist Sachem Head that Whitbread should...

  • Net length across the petroleum complex is only 118 million below the record of 1.484 billion set on Jan. 23. Portfolio managers increased their net long position in Brent by 17 million barrels in the week to April 10 and have raised net length by a total of 48 million barrels since Jan. 23. By contrast, the net long position in WTI was cut by 3 million barrels last week...

  • *FTSE 100 down 0.25 pct. LONDON, April 16- UK shares eased on Monday morning, with two corporate events taking centre stage: CEO Martin Sorrell's exit from advertising company WPP and U.S. hedge fund Elliott Management raising its stake in hotel and coffee-shop operator Whitbread. The blue chip FTSE 100 index lost 0.25 percent percent to 7,246.23 points by 0833 GMT,...

  • April 15- A unit of U.S. activist hedge fund Elliott Management said it now held the largest stake in Whitbread Plc, making it the second activist in recent months to draw attention to Britain's biggest hotel and coffee-shop operator. Elliott Advisors now has over a 6 percent stake in FTSE 100- listed Whitbread, the hedge fund said in a statement on Saturday.

  • April 15- Private equity firms Partners Group Holding AG and Charlesbank Capital Partners LLC are nearing a deal to acquire Hearthside Food Solutions LLC, a U.S. contract manufacturer used by food and drink companies such as Kellogg Co and PepsiCo Inc, for more than $2.4 billion, including debt, two people familiar with the matter said on Sunday.