Wednesday, 30 July 2014
Last updated 1 hour 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…