Friday, 19 September 2014
Last updated 1 hour ago
Apr 29 2008 | 12:43pm ET
New York-based Sandell Asset Management and Pequot Ventures have joined the battle for change at ASM International.
The activist pair will support plans forwarded by fellow hedge funds Fursa Alternative Strategies and Hermes Focus Asset Management, Thomson Financial reports.
Lynbrook, N.Y.-based Fursa, the former Mellon HBV Alternative Strategies, has been pushing the Dutch semiconductor process equipment supplier to improve the performance of its front-end business. Fursa wants ASMI to set up a one-tier management board, and Hermes has pushed for the ouster of CEO Chuck del Prado and five board members.
Private equity giant Centaurus Capital also has a big stake in ASMI, with 7.22% in voting rights.
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.