Billionaire investor Carl Icahn on Wednesday ratcheted up his fight with Occidental Petroleum over its pending purchase of rival Anadarko Petroleum by calling for a special shareholder meeting where he hopes to win board seats.
Hedge fund HG Vora Capital Management LLC is building a stake in Owens Corning to push the U.S. composites and building materials company to explore options that include a sale or a break-up, people familiar with the matter said on Wednesday.
BOSTON HomeStreet Inc defeated Roaring Blue Lion Capital Management's campaign to unseat one director and install its own candidate, ending a two-year standoff between the financial services company and the activist investor, the company said on Thursday.
BOSTON Solel Partners is expected to start trading with more than $400 million in capital later this year, after the new hedge fund received commitments from pensions, endowments and the founders' former boss, who ran hedge fund Highfields Capital, two people familiar with the matter said.
BOSTON JPMorgan Chase & Co plans to convert its $2 billion Highbridge multi-strategy fund into a credit-focused fund as the bull market shows signs of slowing and clients want to invest elsewhere, a company spokesman said on Tuesday.
PARIS/BOSTON Franco-Israeli cable magnate Patrick Drahi made a surprise move into the art world by snapping up Sotheby's in a deal worth $3.7 billion, marking the art auction house's return to private ownership after 31 years. | Video
Daniel Loeb's activist hedge fund Third Point LLC called on Sony Corp on Thursday to spin off its semiconductor business and sell off stakes in Sony Financial and other units, in order to position itself as a leading global entertainment company.