Alternative Investments
The latest news and developments about alternative investments and how they can help boost portfolio performance and reduce risk
Polygon Blocks ?346 million Telent Sale
By Staff WriterPolygon, the activist hedge fund, succeeded today in blocking a ?346 million ($654 million) bid for Telent, the rump of Marconi, the telecom equipment maker. Polygon is the biggest shareholder with a 24% stake held through its Global Opportunities Master Fund.
August 07, 2006
Lawsuit Challenges Utah FTD StatuteUtah state officials acknowledged knowing of a lawsuit seeking to invalidate the new state statute intended to address the issue of naked short-selling, but said Friday that the nominal defendant in the lawsuit, the director of the state's securities division of its Commerce Department, hadn't received service.
August 07, 2006
The Eagle, Once Landed, Flies AgainEaglePicher Inc. and its U.S. subsidiaries, which jointly filed for bankruptcy April 11, 2005, have now completed their restructuring and they have emerged as EaglePicher Corporation and subsidiaries, owned principally by affiliates of Angelo, Gordon & Co. LP, New York and Tennenbaum Capital Partners LLC, of Santa Monica, Calif.
August 07, 2006
Proxy Advisers Tighten Squeeze on HeinzInstitutional Shareholder Services issued its proxy analysis of the upcoming H. J. Heinz Co., annual meeting, recommending that shareholders vote in favor of three of the director nominees on the dissident slate.
August 07, 2006
CalPERS Adds Former SEC Chair's Hedge FundRichard Breeden's activist hedge fund firm has been allocated $400 million as part of the California Public Employees' Retirement System's corporate governance portfolio.
August 07, 2006
Hedge Fund Adviser Registration Tops 2,000 Post-GoldsteinThe registry rolls are swelling at the U.S. Securities and Exchange Commission.
August 01, 2006
Regulatory Limbo for Hedge FundsExperts say hedge fund advisors who registered with the Securities and Exchange Commission in response to the now-shelved hedge fund rule aren't likely to see...
August 01, 2006
Wachovia Tells its FAs: Go Independent with UsWith the wind in its sails, Wachovia is putting the 6,000 advisors in its Private Client Group on notice: You don't have to jump ship...