Saturday, 20 September 2014
Last updated 1 day ago
Apr 23 2010 | 11:49am ET
Activist hedge fund Harbinger Capital Partners has certainly been active in one regard: selling off its stake in the New York Times Co.
The New York-based hedge fund said today that it sold 3.25 million shares of the newspaper publisher, the second time this month that it has trimmed its holdings. Harbinger’s stake in the Times, once as high as 20%, is now below 10% at 9.4%.
Harbinger sold the shares on Tuesday and Wednesday for a total of $40.4 million.
The hedge fund’s stake earned it a seat on the Times Co.’s board two years ago. But its representative, Scott Galloway, is stepping down from his post at the end of the month.
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…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.