Tuesday, 2 September 2014
Last updated 45 sec ago
Aug 2 2011 | 12:06pm ET
Activist hedge fund Jana Partners has teamed up with a major Canadian pension plan to push for the breakup of publisher McGraw-Hill Cos.
New York-based Jana and the Ontario Teachers Pension Plan revealed their 5.2% stake in McGraw-Hill, which publishes textbooks and owns a broadcasting division, Standard & Poor's, Platts energy information services and J.D. Power and Associates. The company said last month that it would sell the broadcasting unit, but that's not likely to assuage Jana and OTPP.
In their filing with the Securities and Exchange Commission, the two said that Jana has held talks with McGraw-Hill about "business, corporate structure, operations, management and board composition, strategy and future plans." The hedge fund warned that it "may take other steps seeking to bring about changes to increase shareholder value."
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 ...