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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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Argentina Pleads For Stay Of Pro-Holdout Ruling As Default Nears

Jul 22 2014 | 1:16pm ET

Argentina has again asked a U.S. judge to reinstate a stay of his order to pay hedge-fund holdouts from its 2001 default, allowing the country to avoid another one next week.

Greece Drives Dromeus’ 26% Return

Jul 22 2014 | 1:14pm ET

Greece-focused hedge fund Dromeus Capital Management continues to cash in on its bet on the country, which is emerging from a massive debt and financial crisis that nearly forced it out of the euro.

Hedge Fund Redemptions Drop In July

Jul 22 2014 | 1:13pm ET

Investor redemptions from hedge funds fell sharply this month, after a quarterly-rebalancing-induced spike last month.

Elliott Seeks Split Of Data-Storage Co.

Jul 22 2014 | 1:12pm ET

Elliott Management is keeping busy, using the time it’s saved by Argentina’s refusal to negotiate to launch a new activist campaign.

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.

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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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    Jul 8 2014 | 10:48am ET

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