Wednesday, 27 August 2014
Last updated 56 min ago
Feb 22 2010 | 12:17pm ET
Activist hedge fund Harbinger Capital Partners is giving up its seat on The New York Times Co.’s board of directors.
Scott Galloway, the founder of hedge fund Firebrand Partners, will not seek reelection to the newspaper publisher’s board at its April annual meeting. He was elected to the board as part of a compromise between the Times and hedge funds Harbinger and Firebrand, which had amassed a big stake in the company.
Galloway did not say why he was stepping down. Harbinger still owns 13% of the Times Co., which has a dual share-class structure to ensure that the Ochs-Sulzberger family maintains control of the Gray Lady. But the Times has made some moves in recent years in line with those called for by Harbinger and Firebrand, including selling non-core assets, such as its stake in the Boston Red Sox baseball team, which it is shopping.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...