Trian Fund Management, the activist hedge fund firm founded by Nelson Peltz, is preparing to up the stakes in its campaign to agitate for change at The Walt Disney Company, by taking its case directly to shareholders.
TOP STORY: The Internal Revenue Service has one upped the hedge-fund and asset-management industries in a case that could bring higher taxes for many fund managers, according to a report by the Wall Street Journal. The ruling in question could
Walt Disney Co. appointed Morgan Stanley Chief James Gorman and veteran media executive Jeremy Darroch to its board of directors ahead of an expected proxy fight with Trian Fund Management, according to a report by Bloomberg. This comes as billionaire
Inclusive Capital Partners, the fund founded by Jeff Uben, is closing down after a three year run. The activist investor has decided to close down the firm after it struggled to raise new cash, according to a report by Reuters.
Activist Investor, Anson Funds has acquired a controlling stake in software firm Twilio, and is pressuring the firm to sell of either its entire business or two of its units, according to a report by CNBC.
Dubai is seeing a boom in hedge funds setting up shop in the city, according to a report by Arabian Business. The report cites data from Dubai International Financial Center as confirming that the numbers of funds setting up shop
Activist investor Elliott Investment Management has announced that it is prepared to nominate directors at Crown Castle International, and push out current executives and board members, in light of continued underperformance, according to a report by Reuters.
George Soros, the billionaire to rose to wealth after betting against the Bank of England, is set to retire from his hedge fund career, according to a report by the JC.
Short sellers are betting against Metro Bank, ahead of a vote tomorrow by share holders on a £925m rescue plan, according to a report by Daily Mail.
Echo Street Capital , is set to return outside capital to fund investors due to anxieties about leadership transition, according to a report by Bloomberg.
