Tuesday, 30 September 2014
Last updated 15 hours 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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…
The trading world is inundated with strategies and techniques. Here’s one way traders can get a handle on information overload.