Friday, 19 December 2014
Last updated 8 hours ago
Feb 25 2013 | 11:52am ET
Activist hedge fund managers are licking their chops this year, according to a new report from Moody's Investor Services.
Such managers will pursue larger targets this year as corporate balance sheets grow alongside investors' taste for risk, Moody's said in the report, issued in the midst of Greenlight Capital's battle with Apple Inc. over that company's $137 billion cash horde.
"Record cash on corporate balance sheets, a ready supply of inexpensive debt and increased shareholder risk appetite given the low interest-rate environment are just a few of the contributing factors," Moody's wrote.
The ratings agency warned that technology, industrial goods, consumer goods, basic materials, pharmaceutical and energy companies, especially those whose stock price have taken a beating, are at highest risk.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.