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David Moyes Sacked As Manchester United Boss →  April 22, 2014

David Moyes has been sacked as Manchester United boss and Ryan Giggs will take over until the end of the season. A statement on the club’s website said: “Manchester United has announced that David Moyes has left the Club. “The Club would like to place on record its thanks for the hard work, honesty and […]

Jose Mourinho to ask Roman Abramovich if he can field weakened team against Liverpool and concede the league →  April 23, 2014

“We represent English football and are the only team in European competitions. Spain has four and gave them all the conditions to try to have success, so I know what I would do. But I’m not the club. I have to speak to them. I would play with the players who are not going to […]

Valeant teams up with hedge fund to buy Botox maker Allergan for $42 bn – domain →  April 22, 2014

Activist investor William Ackman and Valeant Pharmaceuticals International Inc plan to table a hostile $42-billion cash and stock bid for wrinkle treatment’s maker Allergan Inc, according to a yesterday filing with the US Securities and Exchange Commission. News of the impending bid sent the stock price of both companies soaring in after-hours trading, with Allergan […]

Activist Hedge Funds Broadening Tactics and Geography →  April 22, 2014

New York (HedgeCo.Net) – The shareholder activism landscape has changed dramatically over the last several years, according to new data compiled by Hedge Fund Research. Activist hedge funds managed over $93 billion dollars in 2013, almost triple the amount managed just five years ago, and an increase of 42 percent from an estimated $65 billion in 2012. This increase […]

Valeant, hedge fund Pershing Square together make hostile $45B bid for Allergan →  April 22, 2014

By Randy Osborne, Staff Writer Valeant Pharmaceuticals International Inc. and the hedge fund Pershing Square Capital Management L.P. have joined forces in an attempt to take over Allergan Inc. in a deal valued at about $45 billion. Laval, Quebec-based Valeant’s merger proposal to the board of Allergan, of Irvine, Calif., offers a deal under which […]

Air Products investor Ackman makes big bet on wrinkle-treatment maker →  April 22, 2014

Activist investor William Ackman has acquired a nearly 10 percent stake in wrinkle-treatment maker Allergan Inc and is working with Valeant Pharmaceuticals International Inc to buy the company, sources said on Monday. Ackman’s Pershing Square, a $13 billion hedge fund, spent roughly $4 billion on acquiring the stake, its biggest-ever investment which comes less than […]

Novartis transforms drug business via deals with GSK and Lilly →  April 22, 2014

ZURICH (Reuters) – Swiss drugmaker Novartis is transforming its business by exchanging certain assets with GlaxoSmithKline and divesting its animal health business to Eli Lilly in deals worth billions of dollars. The revamp, announced on Tuesday, is the result of a keenly awaited strategic review at the company. Chief Executive Joe Jimenez said the changes […]

David Moyes Sacked As Manchester United Boss →  April 22, 2014

David Moyes has been sacked as Manchester United boss and Ryan Giggs will take over until the end of the season. A statement on the club’s website said: “Manchester United has announced that David Moyes has left the Club. “The Club would like to place on record its thanks for the hard work, honesty and […]

Rangers v Ayr United: Ally McCoist says financial review has put signings in jeopardy →  April 22, 2014

Former Rangers striker Kris Boyd, now with Kilmarnock, has been linked with a return to Govan, although newly relegated Hearts, who will challenge Rangers for automatic promotion to the Premiership next season, have also expressed an interest in the 30-year-old. “I can’t do anything just now anyway so things are out of our hands at […]

Allegations of Fraud Plague Hedge Fund of Democratic Super-Donor →  April 21, 2014

The Black Book of Tom Steyer By Lachlan Markay, Washington Free Beacon  Follow @lachlan The former hedge fund of one of the Democratic Party’s most important donors was allegedly involved in a scheme to defraud foreign investors out of tens of millions of dollars, according to documents filed in a Texas court. Farallon Capital Partners […]

Former Soros team to start $150m HK-based hedge fund →  April 21, 2014

Reuters | 2014-4-21 21:28:01 By Reuters  E-mail   Print A former Soros Fund Management team will start a Hong Kong-based hedge fund in the third quarter of 2014 with at least $150 million in initial capital including seed capital from HS Group, making it one of the biggest start-ups in the region this year. Co-founded by […]