Archived Activist/Hedge Fund News

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9 Months Later, Ospraie’s Anderson Plans Return to the Commodities Game

Date: May 16th, 2009
Ospraie Management is looking to launch two new commodity-focused funds in July. In September of last year, the firm was forced to close its former flagship...

Satellite Asset Management Ceases to Orbit

Date: May 15th, 2009
Bloomberg reported this week that hedge fund manager Satellite Asset Management is in the process of winding down after poor performance and heavy client...

Ospraie and BNP veterans to launch Commodity-Focused Verulam Resources Hedge Fund

Date: May 14th, 2009
Bloomberg reports that Andrew Suckling and Russell Plackett are in the process of launching hedge fund manager Verulam LLC. The firm’s flagship fund...

Farallon Loans Bankrupt General Growth Properties $400 Million

Date: May 14th, 2009
Reuters reports that a federal court yesterday approved a $400 million debtor-in-possession (DIP) loan from hedge fund Farallon Capital Management to...

Target Criticizes Ackman’s Board Nominees

Date: May 14th, 2009
Target Corp (TGT) is going on the offensive against activist investor Bill Ackman’s slate of director nominees. In a letter and presentation to shareholders...

Pershing Squares’ Bill Ackman Preaches his Target Agenda

Date: May 13th, 2009
On Monday, Bill Ackman of Pershing Square presented to fellow shareholders of Target Corp make his case for bringing new blood to the retailer’s board...

Icahn is All In at the Tropicana Casino

Date: May 13th, 2009
Carl Icahn is positioned to control a large portion of the assets of Tropicana Entertainment Company after a court has approved its plan to emerge from...

MGM Mirage Escapes the Claws of Carl Icahn & Oaktree Capital

Date: May 13th, 2009
MGM Mirage revealed its strategy for avoiding bankruptcy today when it announced that it would raise $1.5 billion from a bond sale and $1 billion from...

GLG’s Alternative Strategy AUM Fall by $13.5 billion

Date: May 12th, 2009
GLG Partners released its first quarter earnings yesterday, revealing that the firm’s assets under management have fallen from $24,646 million on 3/31/08...

Samena Capital Management Launching Japan Equities Hedge Fund

Date: May 12th, 2009
Samena Capital Management will be launching the Samena Japan Absolute Return hedge fund, which will invest long and short in Japanese equities. As reported...

Steel Partners Urges Aderans’ Shareholders to Oppose White Knight

Date: May 12th, 2009
Reuters has reported that activist hedge fund Steel Partners sent a letter today to fellow shareholders urging them to reject private equity firm Unison...

Geffen Trying to Buy Harbinger Out of NY Times

Date: May 12th, 2009
The Financial Times reported today that David Geffen has been in discussions to purchase Harbinger Capital’s 19.8% stake in the New York Times Company...

Goldman Trader Announces Launch of Cypress Lane Capital

Date: May 11th, 2009
Former Goldman Sachs Group trader Shafiq Karmali has announced plans to launch a long/short Asian-focused hedge fund called Cypress Lane Capital. The...

Blue Marble Capital Launches Green Hedge Fund

Date: May 11th, 2009
Blue Marble Capital Management Limited of Canada has launched a hedge fund vehicle that is designed to take advantage of the carbon constrained economy...

“Soft Activist” P2 Capital Shows it Cards

Date: May 10th, 2009
Two years after launching its “soft activist” hedge fund, Claus Moller’s P2 Capital Partners finally revealed its portfolio holdings. The firm’s...

Dalton Investments Launches Distressed-Debt Strategy

Date: May 9th, 2009
Dalton Investments launched a distressed-debt strategy this month. From 1999-2006, the firm had successfully run a similar strategy, but it shut it down...

SPQR and BlueGem in Auction for Panmure Gordon & Co

Date: May 8th, 2009
Reuters reports that SPQR Capital, which is run by Bertrand des Pallieres, is seeking to buy 43% of British stockbroker Panmure Gordon & Co for approximately...

Top Solar-Focused Hedge Funds Revealed

Date: May 8th, 2009
HedgeTracker.com released its list of Top Solar-Focused Hedge Funds today. The funds selected for the list had the greatest percentage of their US equity...

Hedge Funds Post Big Gains in April

Date: May 7th, 2009
Bloomberg reports that hedge funds had their best month since February 2000, posting average gains of 3.8%, according Hedge Fund Research Inc. As of 3/31/09,...

China’s Sovereign Wealth Fund Promotes UBS-Vet to Run Direct Investments

Date: May 7th, 2009
Bloomberg reported today that China Investment Corp. (CIC), the country’s $200 billion sovereign wealth fund, has appointed Zheng Kongdong to run its...

Claren Road Adds Two Asian Bond Portfolio Managers

Date: May 6th, 2009
Bloomberg reported today that credit hedge fund manager Claren Road Asset Management LLC has hired as Desmond Chum and Richard Chun as portfolio managers...

Off-Target Again, Ackman Complains About Annual Meeting Location

Date: May 6th, 2009
Pershing Square’s Bill Ackman has a lot of problems with Target’s management, but the latest is kind of pushing it. In a SEC document yesterday,...

Greenlight Buying Ford Bonds as well as EMC Corp, Harman & Pfizer Equities

Date: May 5th, 2009
Bloomberg reports that David Einhorns’ Greenlight Capital gained 4.4% of the first quarter of the year. According to an investor letter that was obtained...

Highbridge adds Constellation Growth’s VC Capabilities

Date: May 5th, 2009
The Financial Times reports that venture capital group Constellation Growth Capital will be joining the “Principal Strategies” division of Highbridge...

Neuberger Berman Celebrates Independence

Date: May 4th, 2009
Neuberger Berman Group LLC announced today that it completed its employee-led buyout of the asset management group from bankrupt Lehman Brothers Holdings,...


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