Tuesday, 21 October 2014
Last updated 7 hours ago
Feb 24 2014 | 11:41am ET
Activist hedge fund Blue Harbour Group has a "friendly" request for its fellow hedge funds that control the Tribune Co.: Sell off its real-estate holdings and share of the electromagnetic spectrum, please.
Blue Harbour founder Clifton Robbins announced a 2.5% stake at the annual meeting of fund of hedge funds EnTrust Capital earlier this month, The Wall Street Journal reports. And he said he has urged the company's leadership, including chairman Bruce Karsh, head of Oaktree Capital Management, to consider selling off additional assets to boost shareholder value.
Tribune is already moving towards a spin-off of its newspaper business, including the Chicago Tribune and Los Angeles Times. The company emerged from bankruptcy in 2012, leaving it in the hands of a group of creditors led by Oaktree, Angelo Gordon & Co. and JPMorgan Chase.
But Robbins does not plan a rough-and-tumble fight with Oaktree and Angelo Gordon. He pronounced his interest an amicable one and lavished praise on both Karsh and Tribune CEO Peter Liguori, and said Tribune was his best investment idea of the year.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...