Saturday, 20 September 2014
Last updated 15 hours ago
Jul 22 2014 | 1:12pm ET
Elliott Management is keeping busy, using the time it’s saved by Argentina’s refusal to negotiate to launch a new activist campaign.
Elliott, which has been pushing for talks with Argentina to settle its 2001 default to no avail, has taken a 2% stake in EMC Corp. The hedge fund wants the Hopkinton, Mass.-based data-storage company to spin off its VMware Inc. subsidiary, which it says is being harmed by EMC’s performance.
Elliott spent more than $1 billion on the stake, which makes it EMC’s fifth-largest shareholder.
EMC said it is “always happy to meet with our shareholders.”
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.