Tuesday, 1 December 2015
Last updated 17 hours ago
Jun 25 2013 | 10:20am ET
Pine River Capital Management doesn't appear to hold out much hope that Third Point's Daniel Loeb will succeed in his activist campaign to transform Sony Corp.
The hedge fund is shorting the electronics giant's shares, ValueWalk reports. Pine River opened its short before the beginning of the year, months before Loeb bought a large stake in the company and began pushing it to partially spin-off its entertainment division.
Shareholder activism has not proven terribly successful in Japan, and Sony seems cool to Loeb's plans.
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…