Thursday, 26 November 2015
Last updated 10 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.
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…