Tuesday, 4 September 2018

Goldman's Petershill takes minority stake in hedge fund LMR: source

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Goldman's Petershill takes minority stake in hedge fund LMR: source

A private equity fund run by Goldman Sachs Asset Management (GSAM) has bought a minority stake in multi-strategy hedge fund firm LMR Partners, one source familiar with the matter said on Monday.

World's top pension funds grow assets 15.1 percent in 2017: study

The world's 300 largest pension funds grew assets under management by 15.1 percent in 2017 to reach a combined value of $18.1 trillion, a study on Monday showed.

Einhorn's Greenlight off 25 percent for year; Ackman up double-digits

Billionaire investor David Einhorn's Greenlight Capital hedge fund, whose bets on car companies General Motors and Tesla both moved against him in August, lost 7.6 percent this month, leaving the fund down 25.1 percent for the year, two investors said on Friday.

Ackman says plans to stick with Chipotle after trimming holding

Billionaire investor William Ackman, whose hedge fund is posting double-digit returns largely thanks to gains in Chipotle Mexican Grill shares, said on Friday he expects to stay a long-term investor even after he sold some of the shares.

Exclusive: Third Point seeks to tap Campbell Soup board challengers - sources

Activist investor Daniel Loeb's hedge fund Third Point LLC is speaking to consumer industry executives as it seeks to fill a slate of nominees to challenge Campbell Soup Co's board of directors, according to people familiar with the matter.

Limited engagement: Top funds backed gunmaker Ruger board despite no talks

Funds run by BlackRock Inc and Vanguard Group backed all directors at gunmaker Sturm Ruger & Co Inc despite the company's rare rejection of talks with the world's top asset managers, disclosures to regulators on Thursday showed.

BlackRock voted to replace Tesla's Musk with independent chairman

Funds run by BlackRock Inc voted in favor of a recent shareholder proposal that would have required Tesla Inc to replace Elon Musk with an independent chairman.

U.S. fund investors favor stocks, emerging markets in week: Lipper

Investors overcame fears over a potential trade war and added money to domestic stocks and emerging markets in the latest week, Lipper data showed on Thursday.

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