Sentences with phrase «shareholder funds in»

-- 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.

Not exact matches

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.

Valeant's largest shareholder, billionaire and hedge funder John Paulson, has gained a seat on the drug maker's board, sending the beleaguered company's stock spiking more than 6 % in Monday trading (although it's still hovering at around the $ 13 mark).

The hedge fund manager reiterated in his letter to Pershing Square shareholders this year that «we believe the stock should eventually decline to zero.»

«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.

Shareholders in Barrick Gold — including seven major pension funds — used such a measure to express displeasure over an $ 11.9 - million signing bonus for its co-chairman.

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.

For the inflation rate, coupled with individual tax rates, will be the ultimate determinant as to whether our internal operating performance produces successful investment results — i.e., a reasonable gain in purchasing power from funds committed — for you as shareholders.

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.

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.

Valeant's spectacular returns have attracted high - profile investors like hedge fund manager Bill Ackman, who admiringly described Pearson as an «outsider CEO» in a 2014 note to shareholders.

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.

Achieved 5.4 % growth in Funds from operations available to the company's common shareholders (NAREIT FFO) to $ 0.39 per diluted share, compared to $ 0.37 per diluted share during the same period in 2017.

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.

In agreement with ISS are big shareholders like the New York City and State pension funds and the California Teachers» Retirement System.

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.

Its largest shareholder, the hedge fund Standard General, stepped in to help and provided $ 120 million in liquidity.

«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.

D.E. Shaw, another hedge fund and EQT shareholder, had contended the Rice acquisition would benefit shareholders if EQT also separated its pipeline business and added independent directors with midstream experience, which the company announced in October.

Around the same time, Shkreli founded Retrophin, and according to the indictment, he immediately began siphoning that company's assets, diverting $ 11 million in cash and stock to himself and his hedge fund shareholders.

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.

Warren Buffett, in his latest letter to Berkshire Hathaway shareholders, announced that he was on his way to winning this year the $ 1 million bet he made in 2007: that his investment in an S&P 500 index fund would outperform five hedge funds over a decade.

PARIS, Feb 9 - L'Oreal on Friday underscored its readiness to buy Nestle's 23 percent stake in the world's biggest cosmetics firm were its Swiss shareholder to sell, saying it had access to cash and funding at its disposal.

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 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.

Known for building tanks and nuclear submarines, General Dynamics has been focusing its funds on investing in R&D, repurchasing stock, and kicking back steady dividends to shareholders rather than shelling out on big acquisitions.

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.

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 reporteIn 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 reportein the firm would be «untenable» if activist fund Elliott gets the majority of the board seats during a shareholder vote Friday, Reuters reported.

LSE (ldnxf) has been looking for a new leader since former banker Xavier Rolet abruptly left in November following an ignominious public spat between activist shareholder TCI Fund Management and LSE's board.

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.

As for the problem of redemptions, there were, as had been feared, a large number of mutual - fund shareholders who demanded millions of dollars of their money in cash when the market crashed, but apparently the mutual funds had so much cash on hand that in most cases they could pay off their shareholders without selling substantial amounts of stock.

Camber Capital Management, a hedge fund with an activist history, has purchased 5.7 million shares of Tenet Healthcare Corp., or a 5.7 % stake in the money - losing hospital chain.The emergence of Camber was disclosed Monday, just three days after Tenet's largest shareholder, Glenview Capital Management, resigned two Tenet board seats, citing irreconcilable differences with management and the board.Glenview Capital, which owns an 18 % stake in Tenet, gave notice Friday that it would no longer participate in a stand - still agreement that had prevented it from launching a proxy fight for control of the company.Tenet investors welcomed the Camber disclosure Monday, driving up Tenet's stock price to $ 2.18, or 15 %, to $ 16.63 as of 12:30 p.m. ET.Tenet is the nation's third - largest investor - owned

The members of the younger generation of shareholders established a trust fund, headed by Charles Forman, the vice president of Interface, in which the shares were deposited.

Unsurprisingly, the upcoming round will be at a significantly lower valuation, following repeated markdowns by various US mutual fund houses that are minority shareholders in the company.

In the wake of the subprime mortgage crisis that defined 2008, even the most risk - tolerant shareholders thought twice before focusing funds on the unpredictable and often turbulent market.