Tuesday, 16 September 2014
Last updated 5 hours ago
Dec 6 2007 | 7:22am ET
A London activist hedge fund has dropped demands that a private equity fund return a big chunk of change to shareholders and call a shareholder meeting to discuss selling its key investments.
PendVent, which is major shareholder in Australian private equity vehicle Babcock & Brown Capital, had demanded the return of A$425 million (US$370 million), as well as the sale of its majority stakes in Irish telecommunications company Eircom and Israel’s Golden Pages Group.
However, The Wall Street Journal reports that the hedge fund has dropped its demands, agreeing with Babcock that the two investments are “best realized over the medium term and not in the short term.”
The p.e. fund, which is managed by Babcock & Brown, also said that its A$445 million (US$387.4 million) in liquid assets have already been allocated to other investments.
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…
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