Monday, 20 October 2014
Last updated 2 days ago
Feb 29 2008 | 11:18am ET
Harbinger Capital Partners has filed its proxy statement seeking to elect four directors to The New York Times Co.’s board.
In its statement, filed with the Securities and Exchange Commission, Harbinger said it “believes that the future of The New York Times depends on the willingness of its management and board to take bold action to adapt to the changing media landscape.” Harbinger and fellow hedge fund Firebrand Partners are pushing the Times to sell its non-core assets, including its stable of regional newspapers and its stake in the Boston Red Sox baseball team, and focus on its digital media business.
Harbinger called its nominees—Scott Galloway, James Kohlberg, Allen Morgan and Gregory Shove—“highly motivated and talented individuals.”
The Times Co. said this week that it would meet with Harbinger’s nominees. But it also filed its own proxy statement, urging investors to reject any proxy they receive from Harbinger.
The Gray Lady has so far nominated only one candidate for the Class A board seats sought by Harbinger, leaving open the possibility that it could nominate some of the hedge fund’s choices.
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Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...