Wednesday, 17 September 2014
Last updated 8 hours ago
Jun 30 2008 | 2:32pm ET
After its unprecedented victory in a battle with a Japanese wig maker, U.S. activist hedge fund Steel Partners finally has a seat at the table.
The boardroom table, that is. Aderans Holdings named Joshua Schechter, a managing partner at New York-based Steel, to its board of directors, just over a month after Steel succeeded in ousting the company’s president and most of its board. Steel is Aderans’ largest shareholder, with a 26.7% stake.
Steel’s success stands in stark contrast to the failure of most activist hedge funds in Japan. Just last week, The Children’s Investment Fund suffered a devastating defeat in its battle with the country’s largest electric utility. Last year, Steel itself was condemned as an abusive acquirer in its battle with condiment maker Bull-Dog Sauce Co.
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…
The London Whale saga is a twist on the typical rogue trader story as the rogue trader recognized the error of his ways and was prepared to take his medicine but was instructed by superiors to “defe...