Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.
Tuesday, 6 December 2016
Last updated 6 hours ago
Feb 26 2008 | 5:57am ET
A pair of activist hedge funds pushing for changes at The New York Times Co. now owns almost 20% of the company’s shares.
Harbinger Capital Partners and Firebrand Partners, who are pushing to elect a dissident slate of four directors to the Times Co.’s board, have boosted their stake to 19.03%, they said in a regulatory filing yesterday. The hedge funds have almost quadrupled their ownership stake since January.
The two sides are set for a proxy battle, after the Times Co. urged shareholders to reject Harbinger’s nominees for the Class A board seats, and the hedge funds hiring a proxy solicitor.