Activist Hedge Funds on a Roll, Returning 50% in 2012–'14
U.S. hedge fund managers such as Daniel Loeb, Barry Rosenstein and William Ackman have become boldface names in the hedge fund sector in recent years.
Dow Average Tops 17,000 as Payrolls Rise Amid ECB Plans
Records set for Dow industrials, S&P after Labor Dept. reports 288,000 new jobs in June and Mario Draghi reveals European stimulus plans.
Jana Makes Houston Exploration a $1.8 Billion Offer
NEW YORK (HedgeWorld.com)--After a series of overtures to the management of Houston Exploration Co. and a vote-withhold campaign before the annual meeting in April, the hedge fund Jana Partners has decided to go ahead and offer to buy the Texas-based oil and gas company for $62 per share, cash. The...
Jana Makes Books-and-Records Demand
NEW YORK (HedgeWorld.com)--Barry Rosenstein, managing partner of Jana Partners LLC, cranked his campaign against the incumbent board of Houston Exploration Co. up a notch Thursday [June 1] with a demand under Delaware law for certain books and records that may, Mr. Rosenstein suggested, disclose breaches of that board's fiduciary obligations....
Jana, Houston Exploration Trade Jabs After Meeting
NEW YORK (HedgeWorld.com)--Jana Partners LLC declared a victory for its own campaign to persuade shareholders to withhold their votes from the board of directors of the Houston Exploration Co., while the company itself appeared unmoved. A dispute has arisen because on April 7, 2005, the Houston-based company, an independent natural...
Victim of Its Own Success?
Capacity becoming an issue in hedge fund industry