Friday, 19 September 2014
Last updated 1 hour ago
Jan 22 2008 | 9:02am ET
A pair of activist hedge funds have reiterated their demand for representation on French information technology company Atos Origin’s supervisory board.
London-based Centaurus Capital and New York’s Pardus Capital Management were rebuffed in November, when Atos rejected their demand for a pair of board seats. But they said on Friday that they will try again at the company’s next shareholders meeting, upping the ante.
In a filing with the French financial regulator, the Autorité des Marchés Financiers, the firms, which together own 20.67% of Atos, warned they may seek to take control over the company if it “persists in not taking into account the views of its main shareholders,” or “took measures against the social interests of Atos Origin.”
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.