Friday, 26 December 2014
Last updated 1 day ago
Mar 28 2013 | 9:14am ET
Paulson & Co. is defending itself against accusations that its greed is fueling its opposition to T-Mobile's acquisition of MetroPCS Communications.
The New York-based hedge fund said it strenuously objects to T-Mobile CEO John Legere's Tuesday comment that the merger will be approved, "despite the several greedy hedge funds that are trying to take a double dip out of that process."
Paulson and P. Shoenfeld Asset Management have argued vociferously against the deal, saying it is a bad one for MetroPCS shareholders, with T-Mobile owner Deutsche Telekom getting the "lion's share of the benefits."
Paulson owns about 9.9% of MetroPCS.
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.