Tuesday, 1 December 2015
Last updated 9 min 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."
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…