Edition:
United Kingdom

Svea Herbst-Bayliss

JPMorgan to convert Highbridge multi-strategy fund into credit fund

18 Jun 2019

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.

Sotheby's snapped up by French tycoon Drahi for $3.7 billion

18 Jun 2019

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

Hedge fund Third Point calls on Sony to spin off semiconductor unit

14 Jun 2019

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.

Jana eyes pushing Callaway Golf for changes, stock surges

13 Jun 2019

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%.

Jana eyes pushing Callaway Golf for changes, stock surges

13 Jun 2019

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%.

Investor Ackman opposes United Technologies' aerospace merger with Raytheon - source

11 Jun 2019

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.

Land & Buildings may seek board seats at Taubman Centers in 2020

11 Jun 2019

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.

FTI Consulting hires Colleen Hsia to advise clients on public affairs

04 Jun 2019

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.

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