Thursday, 18 September 2014
Last updated 14 hours ago
Jan 18 2008 | 8:18am ET
Ramius Capital Group, a New York-based activist hedge fund, may need to get itself a pair of cowboy boots and a 10-gallon hat.
Just days after losing a proxy battle for representation on the board of Houston-based cafeteria concern Luby’s Inc., the hedge fund revealed an interest in another Texas company, Fort Worth-based auto finance company AmeriCredit Corp.
In a filing Thursday, Ramius said it has taken a 1.75% stake in AmeriCredit. More significantly, it said it is a “member of a 13-D group” which owns more than 10% of the company. The hedge fund did not identify the other investors who are part of the group.
Ramius built up its AmeriCredit stake last Friday and Monday, buying 2 million shares for $23.6 million.
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.