Thursday, 31 July 2014
Last updated 8 hours 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%.
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…