Elliott Investment Management has made a multibillion-dollar investment in Salesforce. Salesforce tripled its workforce over the past four years and purchased Slack in 2021 for $27.7 billion; the company also hired during the Covid pandemic. However, now Salesforce’s sales have slowed, leading to a period of layoffs and a deep stock market drop. Many of …
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Emerging markets hedge fund Gramercy is turning to Peru to pay up on the debt they owe as a result of a failed attempt at economic and agrarian reform in the late 60s and early 70s of the twentieth century. The hedge fund purchased a series of bonds which were issued to landowners when their …
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Eamon Javers of CNBC reported last week about a un-precedented cyber-attack on a hedge fund which was thwarted by BAE Systems Applied Intelligence. The report stated that the attack was complex, disrupting the company’s trading strategy and sending information about its trading to offsite computers. The report does not mention the name of the company; …
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Once again hedge fund investing has become headline news. It may surprise many to know this, but domestic hedge fund investing is highly regulated and global hedge funds are also subject to many rules and regulations protecting investors. Beginning as early as 1933 with Regulation D under the Securities Act which was ratified by Congress …
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After attending Williams College like his father and grandfather, descendants of Peter Stuyvesant, the last Dutch governor of New York, Charles Payson Coleman III, went to work for Julian Robertson at Tiger Management LLC. That year, 2000, Robertson, who was 79, closed his fund and handed over $25 million to Coleman to manage. Coleman was …
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Black River Capital Partners Fund, an independently managed subsidiary of the U.S.-based Cargill Inc. run by Black River Asset Management, recently acquired 28% equity stake in AgriNurture Inc. The stake includes 125,486,095 common shares, and is worth $30.45 million. As a subsidiary of Minnesota-based Cargill, Black River Capital’s deal has made the commodities giant the …
GLG Partners co-founder Pierre Lagrange explained that he prefers industrial and energy stocks as opposed to banks. He has now opened his European equities hedge fund to trade investors. In an interview on On the Move, Lagrange explained that the fund will “focus on industrials, exporting companies and oil companies.” Bullish bets will be made …
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TerribleTrouble for Trimble? Former hedge fund manager Mark S. Trimble who has already begun his decade-long stint in jail for money laundering may be facing additional charges. He was arrested for illegal commodities market trading after he had been barred in 2009 due to money laundering, moving finances from investor funds into his own …
Former Hedge Fund President Norshield Financial Group, John Xanthoudakis is the fourth person to have been arrested for allegedly masterminding a C$120 million fraud. The scam involves the ex-TV production company for children, Cinar. While he may have been successful until now, it seems Xanthoudakis played a little bit too much like a child in …
The London-based hedge fund Caxton Associates will be opening an office in Sydney, Australia, according to the Financial Times. The hedge fund, which manages $US9 billion, is aiming to expand its place in the Asia-Pacific Market. Caxton, which was established in 1963, has a specialty in trading bonds, currencies, rates and stocks as a way …
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