Wednesday, 1 October 2014
Last updated 10 hours ago
Apr 1 2008 | 10:31am ET
An American activist hedge fund that played a role in the ouster of the CEO of Deutsche Börse more than two years ago is set to take a more active role in the German stock exchange.
New York-based Atticus Capital, which has an 11% stake in Deutsche Börse, has won an early-termination notice from U.S. regulators, which frees it to become involved in mergers, tender offers and other acquisition transactions, as well as have a seat on the exchange’s supervisory board, Financial News reports.
The hedge fund has also moved its Deutsche Börse stake into a side-pocket, seeking to protect it and give it more credibility as a shareholder.
Atticus, which manages some $18 billion, has an 8% voting stake in Deutsche Börse, with the balance of its investment in derivatives.
The firm in 2005 backed fellow hedge fund The Children’s Investment Fund in opposing Deutsche Börse’s plan to buy the London Stock Exchange, helping to sink the proposal and force out then-CEO Werner Seifert. TCI has reportedly maintained its stake in Deutsche Börse.
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…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...