Saturday, 20 September 2014
Last updated 1 day ago
Feb 18 2008 | 12:00am ET
A trio of prominent hedge funds have powered up in recent days. New York activist hedge fund shop Jana Partners and Carl Icahn's Icahn Investment Management added stakes in Andarko Petroleum Corp. in the fourth quarter.
Icahn now owns 3.2% of The Woodlands, Texas-based Andarko, while Jana holds 0.9% stake in the company.
Jana, which paid $283.2 million for its Andarko shares, also bought 0.7% of Hess Corp. for $236 million, it said in a Securities and Exchange Commission filing.
Meanwhile, San Francisco-based Farallon Capital Management is partnering with Indian billionaire Lakshmi Mittal to buy a big chunk of a power unit of Indiabulls Real Estate.
Farallon is buying 23.4%, and Mittal 14.1%, of Sophia Power Co. Indiabulls will then merge Sophia and its Indiabulls Power Services; Farallon will own 17.9% of the merged company and Mittal 10.7%.
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.