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Allergan Plans Job Cuts As Ackman Pushes For Vote

Jul 21 2014 | 1:42pm ET

Allergan Inc. and Pershing Square Capital Management are making their pitches for their opposing views on a proposed $53 billion deal for the Botox maker.

Allergan today announced stronger-than-expected second-quarter profits and boosted its earnings outlook for the rest of the year. It also announced plans to cut 13% of its workforce, a move that will save $475 million next year.

 

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Cliffs Hands Two More Board Seats To Hedge Fund

Jul 22 2014 | 11:09am ET

Cliffs Natural Resources is conceding four seats on its board to Casablanca Capital in an effort to keep the activist hedge fund from taking control of the company.

Another CFTC Commissioner Quits

Jul 22 2014 | 11:08am ET

The turnover at the Commodity Futures Trading Commission is nearing completion with the resignation of a fourth commissioner out of five in the past year.

Griffin ‘Can’t See’ Political Run As Ex-Titan Exec. Seeks Nashville Mayoralty

Jul 22 2014 | 11:07am ET

Hedge-fund heavyweight Kenneth Griffin has no political ambitions, but another industry veteran is hoping to lead his hometown.

Ackman Ready To Hammer ‘Latest Nail To Herbalife’s Coffin’

Jul 21 2014 | 1:39pm ET

Does William Ackman finally have the goods on Herbalife, the nutritional supplements company he’s branded a pyramid scheme?

Azentus Bounces Back In Q2

Jul 21 2014 | 1:38pm ET

Prominent Asian hedge fund Azentus Capital Management put an end to its slide in the second quarter.

Highfields Risk Chief Co-Founder Of Ex-SAC Exec.’s New Firm

Jul 21 2014 | 1:37pm ET

Highfields Capital Management’s chief risk officer is the co-founder of former SAC Capital Advisors chief operating officer Solomon Kumin’s new hedge fund.

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In Depth

Q&A: Schroders’ Forest Discusses Multi-Asset Investments On Eve Of U.S. Launch

Jul 17 2014 | 8:05am ET

Global investment manager Schroders has $446 billion in assets under management, $91 billion of which are in multi-asset strategies. Aymeric Forest oversees the firm's European multi-asset investment business as well as heading the firm's income solutions team and leading the $5.5 billion SISF Global Multi-Asset Income Fund. On the eve of the launch of a U.S. version of this fund, FINalternatives' Mary Campbell spoke with Forest about Schroders' approach to multi-asset investing.

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    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

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