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The wild ride that is Kodak’s stock market performance appears far from over. The company’s stock shot up by 65 percent on Tuesday after news broke that New York-based hedge fund D.E. Shaw had built up a 5.2 percent stake in the moribund camera technology firm. Word of D.E. Shaw’s stake, disclosed in a regulatory …
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Distressed investment firm Marble Ridge Capital plans to wind down its funds after a government report called into question the actions of its managing partner, Dan Kamensky, during the Neiman Marcus Group bankruptcy, the firm said. “After much consideration, and in light of the operating environment, we have made the difficult decision to commence an …
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An activist investor who shook up Harley-Davidson earlier this year said he is impressed with the changes initiated by new Chief Executive Jochen Zeitz to turn around the 117-year-old motorcycle company. Impala Asset Management, the $2.4 billion hedge fund, pushed for the ouster of Zeitz’s predecessor Matt Levatich in January. Months later, it tried to …
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A billionaire who settled one of the UK’s most expensive divorces in 2014 was ordered to fork over an additional $360 million grant to his ex-wife’s charity this week. Hedge funder Sir Christopher Hohn had been duking it out in British court with his ex, Jamie Cooper, since they split over whether a charity the …
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Hedge fund billionaire Ray Dalio fired off a bunch of tweets promoting his bestselling book on Friday — minutes after it was reported that his hedge fund axed staff amid steep losses. Dalio’s Bridgewater Associates, located in Westport, Conn., handed out pink slips to dozens of employees on Friday, according to the Wall Street Journal, …
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Bill Ackman lashed out at CNBC on Wednesday after anchors prodded him about his controversial appearance on the cable network this spring during the early days of the coronavirus. On March 18, the 54-year-old hedge fund manager appeared to be fighting back tears on CNBC, fretting about his father’s health amid the pandemic. Ackman warned …
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In mid-June, Bill Ackman asked Wall Street for $1 billion to hunt down a major investment. Six weeks later, the street gave him $4 billion. The 54-year-old hedge fund manager disclosed Wednesday morning that he has raised the whopping sum to launch the largest-ever special purpose acquisition company, or SPAC, a public offering meant to …
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Chatham Asset Management plans to buy the bankrupt McClatchy newspaper chain in the latest hedge-fund takeover of a major news publisher. New Jersey-based Chatham was named the winning bidder Sunday of a bankruptcy auction for the publisher of 30 local newspapers including the Miami Herald, the Sacramento Bee and the Kansas City Star. The companies …
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An activist investor declared that “Elizabeth Warren is right” as he left the helm of his giant hedge fund to focus on environmental and social-impact investing. Jeffrey Ubben — a corporate cage-rattler who has prodded for change at behemoths including Microsoft, BP and Nintendo — said he is leaving his $16 billion hedge fund, ValueAct …
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Hedge-fund billionaire Ken Griffin has shelled out more than $100 million for a painting by Jean-Michel Basquiat, the late black artist whose works focused on race and inequality. The CEO of Citadel — who last year paid $240 million for a Central Park penthouse —bought the brilliantly colored 1982 masterwork “Boy and Dog in a …
The wild ride that is Kodak’s stock market performance appears far from over. The company’s stock shot up by 65 percent on Tuesday after news broke that New York-based hedge fund D.E. Shaw had built up a 5.2 percent stake in the moribund camera technology firm. Word of D.E. Shaw’s stake, disclosed in a regulatory …
