Thursday, 27 November 2014
Last updated 1 day 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."
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
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