Friday, 19 September 2014
Last updated 12 hours ago
Jul 7 2014 | 8:36am ET
Activist hedge fund Jana Partners has bought up nearly 10% of PetSmart Inc.’s shares, demanding that the retailer begin looking for a buyer.
The New York-based hedge fund took a 9.9% stake in PetSmart, making it the troubled company’s largest shareholder. The firm said it would hold talks with the company’s management, as well as with fellow shareholders and potential acquirers.
Jana said it wished to discuss a “significant return of capital to shareholders.”
“PetSmart welcomes open communications with its shareholders and values constructive input toward the goal of enhancing shareholder value,” the company said.
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.