Sunday, 21 September 2014
Last updated 1 day ago
Mar 31 2008 | 9:01am ET
Marshall Wace isn’t taking no for an answer, as the London-based hedge fund continues to push for a merger between two of the U.K.’s largest pub owners.
The hedge fund, which reportedly believes a link-up between Punch Tavern’s managed pubs business and Mitchells & Butlers could produce some £50 million in synergies, has reduced its 6% stake in Punch and boosted its share of M&B.
On Friday, Punch ended its bid for a 50-50 merger with M&B, but Marshall Wace is thought to think a merger remains possible due to the structure of securitizations at both companies.
Marshall Wace isn’t the only alternatives group with an interest: Private equity firm Permira reportedly made an offer for a minority stake in M&B, offering the troubled pubs group a capital injection.
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.