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Hedge Funds Private Equity and Hedge Funds

  • Dec 15- Unilever has agreed to sell its margarine and spreads business to U.S. private equity firm KKR for 6.83 billion euros to concentrate on faster growing products. The brands to be sold include Becel, Flora, Country Crock and Blue Band. "The announcement today marks a further step in reshaping and sharpening our portfolio for long-term growth," said Chief...

  • Dec 15- Hedge fund Elliott Management disclosed a 6.5 percent stake in Akamai Technologies on Friday, and said the company's $9.7 billion market value did not reflect the uses of its platform, which speeds up content delivery over the internet. Shares of Akamai were up 13.8 percent at $65.75 in after-market trading in New York on Friday as a result of Elliott's...

  • Dec 15- Activist investor Elliott Management Corp on Friday disclosed a 6.5 percent stake in Akamai Technologies Inc, and said it plans to hold talks regarding strategic alternatives for the company including a sale. The New York- based hedge fund said Akamai shares were "significantly undervalued" and it intends to make proposals to Akamai on sale of certain...

  • BOSTON, Dec 15- John Griffin is shutting his $6 billion Blue Ridge Capital hedge fund after more than two decades, becoming the latest high profile investor to liquidate his business as industry returns have been under pressure. Now Griffin joins well-known investors Eric Mindich, Neil Chriss and John Burbank who all announced plans to close their hedge funds...

  • Dec 15- Unilever has agreed to sell its margarine and spreads business to U.S. private equity firm KKR for 6.83 billion euros to concentrate on faster growing products. The brands to be sold include Becel, Flora, Country Crock and Blue Band. "The announcement today marks a further step in reshaping and sharpening our portfolio for long-term growth," said Chief...

  • Dec 15- Private equity firm KKR is in exclusive talks to buy Unilever's margarine and spreads business, people familiar with the matter said on Friday, in a deal expected to top $7 billion. KKR prevailed in an auction for the business and could finalize a deal as early as this month, the sources said, asking not to be identified because the discussions are...

  • LONDON, Dec 15- Bitcoin is taking its first steps toward becoming a legitimate investment vehicle with the creation of futures contracts in the crypto-currency this month, moves which may also allow it to infect wider financial market stability for the first time. Although the financial world simply does not have enough exposure to the sector to cause concern...

  • LONDON, Dec 14- Euro zone government bond yields are close to multi-month lows just as the European Central Bank is on the verge of cutting its bond-buying scheme by half, leaving some investors worried that a sharp correction may be due in 2018.. I think it's very difficult to price in that deceleration ahead of time when the weight of central bank money is so...

  • Dec 14- Elliott Management Corp is readying for a new fight with Hess Corp to remedy what the activist hedge fund called on Thursday "continuing underperformance" by the U.S. oil and gas producer. This would be the second time the New York- based investment firm, which owned 6.6 percent of Hess as of Sept. 30 according to Thomson Reuters data, has targeted the company.

  • Dec 14- Elliott Management Corp is readying for a new fight with Hess Corp to help remedy what the activist hedge fund called on Thursday "continuing underperformance" by the U.S. oil and gas producer. This would be the second time the New York- based investment firm, which owned 6.6 percent of Hess as of Sept. 30 according to Thomson Reuters data, has targeted the...

  • HOUSTON, Dec 14- Financiers keep pouring cash into the shale oil sector, providing producers with a path to keep U.S. output rising through the middle of the next decade. The United States is on track to deliver up to 80 percent of the world's oil production gains through 2025, the International Energy Agency estimates, increases fueled in part by easy access to...

  • BOSTON, Dec 14- Deckers Outdoor Corp beat back a challenge from activist hedge fund Marcato Capital Management, but shares of the maker of UGG boots fell more than 4 percent on news that all its directors had been re-elected. Shareholders voted to return all nine board members to their positions, the company said in a statement. They rebuffed Marcato's effort to...

  • WILMINGTON, Del., Dec 14- Delaware's Supreme Court ruled on Thursday that a lower court erred in finding that the 2013 buyout of computer maker Dell Inc was vastly underpriced, in an opinion that will likely restrict a hedge fund strategy aimed at wringing cash from mergers. Last year, a Delaware Court of Chancery judge ordered Dell to pay Magnetar Capital and other...

  • BOSTON, Dec 14- Deckers Outdoor Corp beat back a challenge from activist hedge fund Marcato Capital Management, but shares of the maker of UGG boots fell more than 4 percent on news that all its directors had been re-elected. Shareholders voted to return all nine board members to their positions, the company said in a statement. They rebuffed Marcato's effort to...

  • BOSTON, Dec 14- Deckers Outdoor Corp beat back a challenge from activist hedge fund Marcato Capital Management, but shares of the maker of UGG boots fell as much as 4 percent on news that all its directors had been re-elected. Deckers shares had climbed 71.4 percent since Marcato disclosed its stake in the company on Feb. 8, but on Thursday they dropped as much as 4...

  • LONDON, Dec 14- Euro zone government bond yields are close to multi-month lows just as the European Central Bank is on the verge of cutting its bond-buying scheme by half, leaving some investors worried that a sharp correction may be due in 2018.. I think it's very difficult to price in that deceleration ahead of time when the weight of central bank money is so...

  • LONDON, Dec 14- From Essex binmen to Liverpool councillors, government pension schemes in England and Wales are investing more in hedge funds whose bets, sometimes dictated by algorithms, have included exotic holdings such as Puerto Rican debt. Those running local authority retirement pots have been reluctant to advertise their hedge fund holdings, but a...

  • HOUSTON, Dec 14- Financiers keep pouring cash into the shale oil sector, providing producers with a path to keep U.S. output rising through the middle of the next decade. The United States is on track to deliver up to 80 percent of the world's oil production gains through 2025, the International Energy Agency estimates, increases fueled in part by easy access to...

  • STOCKHOLM, Dec 14- Shares in Munters fell to a new low on Thursday after the Swedish industrial group warned it would make a fourth-quarter loss in its Data Centers business, seen as a major future growth engine for the company. The news sent Munters' stock down as much as 12.2 percent in early trading to its lowest since its May listing by private equity firm Nordic...

  • HOUSTON, Dec 14- Financiers keep pouring cash into the shale oil sector, providing producers with a path to keep U.S. output rising through the middle of the next decade. The United States is on track to deliver up to 80 percent of the world's oil production gains through 2025, the International Energy Agency estimates, increases fueled in part by easy access to...