Tuesday, 23 September 2014
Last updated 15 hours ago
Dec 19 2013 | 2:35am ET
Carl Icahn's former protégé and a Goldman Sachs veteran have joined forces to force change at an energy infrastructure company.
Corvex Management, headed by former Icahn partner Keith Meister, and Soroban Capital Partners, founded by former Goldman trader Eric Mandelblatt, have taken a combined 9% stake in Williams Cos. The hedge funds have demanded that Williams immediately add both Meister and Mandelblatt to its board of directors.
Corvex and Soroban criticized Williams, saying mistakes had weighed on the company's value. The hedge funds did say they had held productive talks with the company.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.