Monday, 22 September 2014
Last updated 2 days ago
Dec 11 2007 | 9:34am ET
A pair of high-profile activist hedge funds have taken aim at Europe’s largest consumer-electronics maker, aiming to improve “operating performance and capital structure.”
D.E. Shaw Group and Jana Partners said this weekend that, together, they had acquired 1.6% of Royal Philips Electronics. The hedge funds did not elaborate on their plans, only saying they will “act together to jointly communicate their views, publicly or privately, regarding operating performance and capital structure.” Het Financieele Dagblad, the Dutch business newspaper, said the hedge funds plan to enter talks with Philips.
For its part, Philips told Bloomberg News that it holds “frequent” discussions with “a great many” shareholders, but would not say if it had spoken with D.E. Shaw or Jana.
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.