Starboard Value has gone on a hiring and purchasing spree to help with its battle to keep Olive Garden and Red Lobster under one corporate umbrella. How far will they go to keep the chains together?
Dan Loeb’s Third Point Partners is demanding Sotheby’s open up all three board seats the $14 billion hedge fund is seeking. At this point, Sotheby’s is only offering one seat for Loeb, and the stock has fallen more than $3 per share in just over 24 hours.
Because apparently tons of money isn’t enough.
An anonymous commenter on a hedge fund message board criticized hedge fund manager Whitney Tilson’s market-moving call on a company called MagicJack yesterday. He didn’t take it well.
New data from Activist Insight suggests that activist investing for 2014 is already shaping up to outpace last year, and the companies targeted represent a diverse group of industries.
Pershing Square Capital has launched a new website attacking former Herbalife employees. Experts say the hedge fund could be in questionable legal territory with its “unprecedented” move.
Though it was a year of tepid returns for the average hedge fund, these three had absolutely mind-blowing performance in 2013, according to Morningstar data. 600%+ anyone?
A series of regulatory investigations and an analyst defecting has made for quite the wild ride for Herbalife stock.
According to the assembled financial minds who spoke with BuzzFeed on the sidelines of the World Economic Forum in Davos, Switzerland, last week.
The cybercurrency, which is supposed to make money transfers across the globe easier, is barely on the radar of those gathered at the World Economic Forum this week.
Sony’s entertainment unit followed up its seven Golden Globe wins on Sunday by snagging 21 Oscar nominations today. So much for Loeb’s criticism that the unit was underperforming.
Hedge funds with the strongest brands should rake in investor cash this year, according to a report out today from hedge fund consultancy Agecroft Partners.
Sahm Adrangi, 32, went from pondering a journalism career to managing a $300 million hedge fund. He spoke with BuzzFeed about his career transformation, the climate for hedge funds, and some activist investor campaigns currently being waged.
Citron Research released a report calling the financial practices at construction industry service provider Textura Corp. “American Hustle meets Wolf of Wall Street” and sent the stock into free fall. There was also a reference to Die Hard and Liar Liar.
The hedge fund Barington Capital Group is mounting a campaign to break up the parent company of Olive Garden and Red Lobster, Darden Restaurants, in part because of the abysmal performance of those two chains. Here’s a look at how they fell so far so fast.
Herbalife has fired back at activist investor and hedge fund titan Bill Ackman, who has been telling investors to sell its stock for nearly a year, with a tactic so aggressive that it could harm rather than help the supplement company.
Federal agencies voted Tuesday to approve the so-called “Volcker Rule,” a key provision of the Dodd-Frank financial reform law. The “Volcker Rule” bars banks from trading for their own gain and limits the amount they can invest in hedge funds, which theoretically will curb risk-taking.
What in the world is the stock market? Here are your 10 most basic finance questions, answered.
Dallas hedge fund star Kyle Bass’s fund Hayman Capital has taken a massive stake in General Motors, joining the ranks of more than 450 other hedge funds that threw money at the stock last quarter.
The Monterey, Calif.-based hedge fund TopTurn Capital, has put out a web video with slick production value and a professional surfer to help peddle their investment strategies. The ad appears to be the first of its kind in the industry, which was recently allowed to market in such a way after this summer’s passage of the JOBS Act.
A Goldman Sachs report out today details some major shifts in the hedge fund world’s market preferences.
The cybercurrency is deliberately opaque, making it nearly impossible to track who holds it, but a few bitcoin owners have outed themselves proudly. Meet the known — and still-mysterious — bitcoin tycoons.
The embattled company’s latest leadership stumbles are beginning to trickle into the hedge fund world, which pulled millions in the quarter ending Sept. 30.
Contentious hedge fund manager and activist investor Daniel Loeb is usually tight-lipped about the controversies that surround him. But at today’s New York Times DealBook Conference, Loeb dropped some bombs and addressed his critics, including George Clooney.
Now that SAC Capital is facing a steep penalty of nearly $2 billion, these other white collar offenders are probably counting their pennies and breathing a (slight) sigh of relief.
Bitcoin is still too small and too controversial for widespread implementation in the hedge fund industry in the near future.
That’s according to long-suffering shareholder and hedge fund manager Whitney Tilson, who told BuzzFeed the teen retailer’s turnaround under its new CEO — recruited from J.Crew — will be different from the Ron Johnson–J.C. Penney situation that burned him last year.
The K-Cup giant Green Mountain Coffee Roasters relinquished its monopoly over the single-serve coffee industry a year ago, but its stock has performed well ever since. Big name hedge fund managers, however, say a downfall is imminent.
Recent revelations about predatory lending practices at World Acceptance have led to a hedge fund exodus. One prominent hedge fund manager went so far as to call the company “bad for humanity.”