BOSTON JPMorgan Chase & Co plans to convert its $2 billion Highbridge multi-strategy fund into a credit-focused fund as the bull market shows signs of slowing and clients want to invest elsewhere, a company spokesman said on Tuesday.
PARIS/BOSTON Franco-Israeli cable magnate Patrick Drahi made a surprise move into the art world by snapping up Sotheby's in a deal worth $3.7 billion, marking the art auction house's return to private ownership after 31 years. | Video
Daniel Loeb's activist hedge fund Third Point LLC called on Sony Corp on Thursday to spin off its semiconductor business and sell off stakes in Sony Financial and other units, in order to position itself as a leading global entertainment company.
NEW YORK Activist investment firm Jana Partners said on Thursday it owns a 9.2% stake in Callaway Golf Co and may push for changes including a possible sale, sending shares of the golf equipment maker up as much as 16%.
NEW YORK, June 13 Activist investment firm Jana
Partners said on Thursday it owns a 9.2% stake in Callaway Golf
Co and may push for changes including a possible sale,
sending shares of the golf equipment maker up as much as 16%.
Billionaire investor William Ackman's activist hedge fund Pershing Square Capital Management LP is opposing United Technologies Corp's planned $120 billion (£94 billion) aerospace merger with defence contractor Raytheon Co, a person familiar with the matter said on Tuesday.
NEW YORK Activist investment firm Land & Buildings on Tuesday warned that it may seek board seats at shopping mall operator Taubman Centers Inc next year unless performance improves.
NEW YORK Global consulting company FTI Consulting Inc has hired financial services executive Colleen Hsia to advise clients on corporate reputation and public affairs among other matters, the company said on Tuesday.