Sentences with phrase «fund magnetar»

The Wall Street Journal estimates that Dell will only have to pay about $ 35 million to the remaining appraisal plaintiffs as a result of Monday's ruling, with about $ 25 million of that going to the hedge fund Magnetar Capital.

Back in 2013 when a buyout took Dell private, hedge fund Magnetar Capital was one of the biggest opponents of the deal.

Not exact matches

In 2013, for example, Magnetar and several other hedge funds sued over the acquisition by 3M (mmm) of biometrics company Cogent, seeking about 55 % more money for their shares in the target, which they claimed were priced too low.

For example, besides the Dell case, Magnetar was one of several hedge funds to share in a $ 127 million payment from Safeway in June 2015 to settle the investors» claims that the grocery chain sold itself to Albertson's for too low a price.

Magnetar's tactic of filing lawsuits challenging takeover valuations in order to make money, also known as appraisal arbitrage, has become increasing popular with hedge funds in recent years, especially in the merger litigation hotbed of Delaware.

Magnetar has maintained that it was implementing a «market neutral» strategy that would make money no matter what happened in the housing market; while the Securities and Exchange Commission investigated the hedge fund's actions, it eventually closed the investigation without pressing charges.

Merrill and Magnetar collaborated on four CDOs, all named for constellations, a trademark of the hedge fund.

As ProPublica detailed in 2010, Magnetar worked with investment banks to build CDOs that the hedge fund also bet against.

Merrill, which is now owned by Bank of America, agreed to pay a fine of $ 131 million, but did not admit wrongdoing in the deals, which were created at the behest of an Illinois - based hedge fund called Magnetar.

While the SEC has levied fines against several banks over Magnetar deals, it has never taken any action against the hedge fund.

The fund also owns stakes in hedge - fund firms Marathon Asset Management, Magnetar Capital Partners, Solus Alternative Asset Management and Senator Investment Group.