Edition:
United States

Svea Herbst-Bayliss

Starboard gauges Bristol-Myers shareholder support for Celgene deal

Feb 15 2019

Activist hedge fund Starboard Value LP has asked a proxy solicitor to probe the level of support among Bristol-Myers Squibb Co shareholders for the U.S. drug maker's $74 billion deal to buy Celgene Corp, people familiar with the matter said on Friday.

Prominent investors stock up on eBay, then activists flex muscle

Feb 14 2019

NEW YORK EBay Inc.'s stock price slumped for most of last year but a number of prominent hedge funds were so convinced that change is on the horizon for the e-commerce company that they established new or added to existing positions in the last months of 2018.

Jeff Vinik offers fee cuts to help bring in cash for new fund

Feb 14 2019

NEW YORK Prominent U.S. investor Jeffrey Vinik is promising potential clients a cut in fees and said that it had been tougher to raise money than he initially thought, as he prepares to relaunch Vinik Asset Management after six years on the sidelines.

Ackman's hedge fund gains nearly 25 percent in early 2019

Feb 13 2019

BOSTON Hedge fund manager William Ackman told investors that his publicly traded portfolio has gained 24.7 percent this year, fueled by strong growth in Fannie Mae, Freddie Mac and Chipotle Mexican Grill stocks.

Blackstone to back ex-Eton Park partner with $150 million seed

Feb 12 2019

BOSTON Blackstone Group LP is backing a new hedge fund being run by former Eton Park partner Aaron Wertentheil with a $150 million commitment, two sources familiar with the matter said on Tuesday.

CalSTRS backs new activist hedge fund Impactive with $250 million

Feb 12 2019

The California State Teachers' Retirement System (CalSTRS), the second largest U.S. pension fund said on Monday it made a $250 million investment with Impactive Capital, a new activist hedge fund that expects to start trading next month.

Short seller Carson Block targets medical device company Inogen

Feb 08 2019

BOSTON Prominent short seller Carson Block is saying that medical device company Inogen Inc has inflated the size of its markets and expects the stock price to fall.

Short seller Carson Block targets medical device company Inogen

Feb 08 2019

BOSTON, Feb 8 Prominent short seller Carson Block is saying that medical device company Inogen Inc has inflated the size of its markets and expects the stock price to fall.

World News

Haute-couture designer Karl Lagerfeld dies aged 85

German haute-couture designer Karl Lagerfeld, artistic director at Chanel and an icon of the global fashion industry for over half a century, has died, a source at the French fashion house said on Tuesday. He was 85.