Sentences with phrase «of shareholder funds»

On average, 70 % of shareholder funds are retained in businesses and not paid out to shareholders.

-- Argo Group's AUM has now declined by a cumulative 85 % (to $ 166 million), the $ 3.5 million Argo Local Markets Fund remains its only new fund - raising (since the credit crisis), it continues to write - off virtually all the management fees accrued & owed (now totaling $ 6.2 million) by the Argo Real Estate Opportunities Fund, and it's also tied up a majority of shareholder funds in illiquid loan & fund investments.

Kinder Morgan Chairman and CEO, Steve Kean stated in the company announcement that «as KML has repeatedly stated, we will be judicious in our use of shareholder funds.

Not exact matches

On average, BofA pays just 0.04 % on each dollar of those funds; it's those «sticky,» incredibly cheap balances that attracts its biggest shareholder: Warren Buffett's Berkshire Hathaway.

MILAN, April 23 - A judge ruled in favor of an appeal by Telecom Italia and its leading investor Vivendi to block a vote on some board director replacements proposed by activist fund Elliott at an April 24 shareholders meeting, a court document showed.

«A lot of M&A actually destroys value for shareholders, not adds value... acquisitions are quite risky, they can be distracting, they have to be integrated effectively,» Sue Noffke, fund manager at Schroders said.

Nedlands - based Advanced Share Registry has purchased 51 per cent of Perth start - up Private Company Platform, which is targeting unlisted companies with multiple shareholders, including those pursuing crowd - sourced funding.

Holding company liquidity is the total funds available at the holding company level to fund general corporate purposes, primarily the payment of shareholder dividends and debt service.

«Third Point believes that a separation of the Aerospace unit via a spin off transaction would result in a sustained increase in shareholder value in excess of $ 20 billion,» a letter from the fund said.

After witnessing a 95 % decline in the pharmaceutical company's share price amid a series of scandals, Valeant's board, led by former shareholder and hedge fund manager Bill Ackman, smartly tied Papa's compensation to a recovery in the stock price.

The comment is oddly elliptical and passive given that Pessina is a shareholder controlling 13 % of the company's stock, with allies KKR and activist fund JANA Partners holding sway over another 4.7 % and 1.1 %, respectively.

Einhorn, fund manager for Greenlight Capital, accused Apple of cash hoarding earlier last week and is encouraging shareholders to vote against Apple's proxy because he thinks proposition two will kill the option of Apple issuing preferred stock.

Otto Energy says the sale of its Galoc oil field assets in the Philippines to Singapore - based energy company Risco Energy Investments for $ 113.4 million will help fund exploration activities for two years and return capital to shareholders.

VDM Group has finalised terms for an $ 18 million loan facility with its largest shareholder to fund an investment in a copper project located in the Republic of Angola.

Perth - based gold miner Millennium Minerals has negotiated $ 5 million in additional debt funding from its major shareholder IMC Group but the deal is dependent on Millennium's current bankers agreeing to reschedule debt repayments due at the end of this month.

The beverage giant taking harsh criticism from value fund Wintergreen Advisers, who sent letters to Coca - Cola shareholders, the Coca - Cola Board of Directors and Warren Buffett, detailing concerns with the company's proposed 2014 Equity Plan.

I explained that the massive fees levied by a variety of «helpers» would leave their clients - again in aggregate - worse off than if the amateurs simply invested in an unmanaged low - cost index fund,» he recapped, writing in Berkshire's annual shareholder letter.

Litigation funder IMF Bentham has announced it will fund a shareholder class action against former directors of collapsed miner Kagara, which went into administration in 2012.

Nevertheless, all three major shareholder advisory firms have recommended Michael Dell's offer, potentially influencing the decisions of a plethora of small mutual funds that typically follow their lead.

In his letter to shareholders, Buffett says if he had bought Berkshire's insurance business through his hedge fund, he and his investors would have captured all of the gains.

The National Association of Real Estate Investment Trusts («NAREIT») defines funds from operations («NAREIT FFO») as net income / (loss) attributable to common shareholders computed in accordance with generally accepted accounting principles in the United States («GAAP»), excluding gains or losses from sales of operating real estate assets and change in control of interests, plus (i) depreciation and amortization of operating properties and (ii) impairment of depreciable real estate and in substance real estate equity investments and (iii) after adjustments for unconsolidated partnerships and joint ventures calculated to reflect NAREIT FFO on the same basis.

U.S. chipmaker Qualcomm raised its offer to buy NXP Semiconductors to $ 127.50 per share on Tuesday, and said it has the backing of the shareholder group led by hedge fund Elliott Management that opposed its previous proposal.

Electronics retailer RadioShack Corp filed for U.S. bankruptcy protection on Thursday and said it had a deal in place to sell as many as 2,400 stores to an affiliate of hedge fund Standard General, its lender and largest shareholder.

Think of it: Partnering with hundreds of unsophisticated small shareholders is a pretty inefficient way to fund a company.

GE said nine of the company's directors will stand for re-election including major shareholder Trian Fund Management's Edward Garden, who was appointed to GE's board in October.

«Goldilocks Investment Company Ltd has filed legal action today in light of the continuing refusal by Noble Group Ltd to recognize legitimate legal rights of Goldilocks as a shareholder of Noble,» the investment fund, which holds an 8.1 percent stake in Singapore - listed Noble said in a statement.

Branson controls 24.8 percent of the company, while hedge fund Cyrus Capital Partners is the biggest shareholder with a 32.8 percent stake.

Despite having share prices that move with market prices, these funds can give rise to first - mover advantages for redeeming shareholders and create the potential for destabilizing waves of redemptions and asset fire sales if liquidity buffers and other tools to manage liquidity risk prove insufficient.

The CPC then files to list on TSXV and must raise funds from a minimum of 200 shareholders who are investing in the capabilities of the CPC founders.

LONDON / FRANKFURT / MILAN, May 2 (Reuters)- U.S. hedge fund Elliott is stepping up its activities in Europe, a Reuters review of data shows, as it sees more opportunities to unlock value for shareholders by pushing through management changes, company break - ups and merger deals.

Since then, the index fund — a type of mutual fund pegged to a specific market index, like the S&P 500 — has been lauded as an investing tool by legendary investors such as Warren Buffett, who called Bogle a «hero» in his 2017 letter to Berkshire Hathaway shareholders.

LONDON / FRANKFURT / MILAN, May 2 - U.S. hedge fund Elliott is stepping up its activities in Europe, a Reuters review of data shows, as it sees more opportunities to unlock value for shareholders by pushing through management changes, company break - ups and merger deals.

Hedge fund Elliott has taken a stake of almost 3 percent in Sky, according to its latest filing, and other shareholders have also argued that Disney's agreement to buy Fox implies a higher value for Sky.

Buffett laid out evidence in his 2017 annual letter to Berkshire Hathaway shareholders that he's set to win the wager as none of the funds outperformed the index fund from 2008 through 2016.

He structured his new firm in a completely novel way — as a «mutual mutual fund,» or an investment company that would be owned by its member funds and operated wholly in the interest of its shareholders.

The legendary founder of the Vanguard Group sounds off on treating shareholders right, inflated CEO paychecks, and what the fund industry needs to do next.

Too often (95 % of the time) fund managers endorse the current board, they vote against other shareholders» proposals and they fail to introduce proposals of their own, Bogle says.

The funds «must make decisions» to ensure «companies are run in the interests of shareholders.»

If you are acting in the interests of those shareholders, you may not be acting in the interests of your fund clients, he says.

MILAN, April 23 (Reuters)- A judge ruled in favor of an appeal by Telecom Italia (TIM) and its leading investor Vivendi to block a vote on some board director replacements proposed by activist fund Elliott at an April 24 shareholders meeting, a court document showed.

Hedge fund manager Barry Rosenstein on Monday turned up the pressure on EQT, accusing the natural gas driller of putting executive compensation ahead of shareholder value in its proposed acquisition of Rice Energy.

If Home shareholders approve the move, the merged business will have 36 branches, 400 staff and $ 3.5 billion in funds under management, representing about 5 per cent of the WA market.

Because of the company's ever - increasing book value, insurance costs are high, so Bunn is currently funding a portion of the shareholder - buyout agreement through a combination of tax - advantaged vehicles.

How shareholders will vote — either with DuPont or its rival, activist hedge fund Trian Fund Management — will come down to how well they believe DuPont has performed under Kullman, who got the job at the start of 2fund Trian Fund Management — will come down to how well they believe DuPont has performed under Kullman, who got the job at the start of 2Fund Management — will come down to how well they believe DuPont has performed under Kullman, who got the job at the start of 2009.

www.emeraldmaterials.com The Carlyle Group has «entered into exclusive negotiations» to acquire a 75 % stake in Homair Vacances (Paris: ALHOM), a French mobile home operator, from Montefiore Investment (which would reinvest as a minority shareholder), according to the FT. www.homair.com DRB Systems, a n Akron, Ohio — based provider of software solutions to the car wash industry, has raised an undisclosed amount of funding from Prairie Capital.

Hedge fund and No. 2 Sprint shareholder Paulson & Co said it would vote all of its shares in favour of SoftBank's improved offer.

The decision comes as activist fund Elliott, which has built a potential holding of 5.7 percent in the former phone monopoly, has challenged the way TIM's biggest shareholder, France's Vivendi, manages the group.

In Italy, Telecom Italia chief Amos Genish said that his position in the firm would be «untenable» if activist fund Elliott gets the majority of the board seats during a shareholder vote Friday, Reuters reported.

Challenger Managed investments general manger Martin Ashe said that, not only had there been a demand from clients for a fund of this type, but that the company considered socially responsive companies would post attractive returns for shareholders over the longer term.

Business Insider reported last week, meanwhile, that the California State Teachers» Retirement System, one of the biggest pension funds in the world, was lobbying shareholders to vote against the proposal.