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→  October 12, 2017

Seth Klarman ’79, the billionaire investor for whom Cornell’s Klarman Hall is named, reportedly manages a hedge fund that owns nearly $1 billion in Puerto Rican debt, drawing ire from some students and calls to boycott or modify the building. Klarman manages The Baupost Group, a hedge fund in Boston, which owns $911.6 million in […]

→  October 12, 2017

<![CDATA[ .myIframe { position: relative; padding-bottom: 65.25%; padding-top: 30px; height: 0; overflow: auto; -webkit-overflow-scrolling:touch; //< Nelson Peltz put his activist hedge fund credentials on the line to win a board seat at Procter Gamble, only to be narrowly defeated, according to a preliminary shareholder vote count. Yet he stands to lose more face than he […]

→  October 11, 2017

BOSTON – Billionaire investor William Ackman took his fight for board seats at Automatic Data Processing Inc to retail investors on Tuesday in an unusually public format where he detailed his successes and failures and urged all to cast their votes. For one hour, the Wall Street hedge fund manager spoke in a live webinar, […]

→  October 11, 2017

BOSTON (Reuters) – Billionaire investor William Ackman took his fight for board seats at Automatic Data Processing Inc to retail investors on Tuesday in an unusually public format where he detailed his successes and failures and urged all to cast their votes. For one hour, the Wall Street hedge fund manager spoke in a live […]

→  October 11, 2017

– U.S. industrial conglomerate General Electric Co, which major shareholder Trian Fund Management has been pressuring to conduct a more thorough restructuring, appointed the hedge fund’s chief investment officer to its board on Monday. Edward Garden will replace Robert Lane, who is retiring due to health reasons after a dozen years as a director, GE […]

→  October 11, 2017

Inventories like Myers-Briggs, zodiac signs, and the Enneagram personality assessment act like Rorschach tests, forcing us to reconcile the gaps between what the test results tell us, and what we know to be true about ourselves. This process is an invaluable resource for managers, as it illuminates nuances about an employee’s personality and dispositions that […]

→  October 10, 2017

(Reuters) – Procter Gamble Co on Tuesday will become the biggest ever company to face a shareholder vote over a proxy contest, seeking to prevent activist hedge fund Trian Fund Management LP CEO Nelson Peltz from securing a seat on its board of directors. After the two sides collectively spent more than an estimated $100 […]

→  October 10, 2017

By Svea Herbst-Bayliss (Reuters) – Procter Gamble Co on Tuesday will become the biggest ever company to face a shareholder vote over a proxy contest, seeking to prevent activist hedge fund Trian Fund Management LP CEO Nelson Peltz from securing a seat on its board of directors. After the two sides collectively spent more than […]

→  October 10, 2017

Brevan Howard Asset Management, the hedge fund firm co-founded by Alan Howard that’s battling an investor exodus, is planning to start two more funds, people with knowledge of the matter said. The money manager has been marketing a fund designed to profit from higher or more volatile interest-rate expectations, said the people, who asked not […]

→  October 10, 2017

The money manager has been marketing a fund designed to profit from higher or more volatile interest-rate expectations, said the people, who asked not to be identified because the information is private. That fund is set to begin later this year. The second pool, also expected to start soon, will bet on rising volatility, the […]