Edition:
India

Svea Herbst-Bayliss

Billionaire Icahn exits Hertz with 'significant' loss after bankruptcy filing

28 May 2020

Billionaire investor Carl Icahn, who was the largest shareholder in Hertz Global Holdings Inc, unloaded his entire stake in the rental car company at a "significant loss" days after it filed for bankruptcy protection.

Starboard set to win eight board seats at GCP Applied Technologies-sources

27 May 2020

Hedge fund Starboard Value LP is close to having eight directors elected to the board of GCP Applied Technologies Inc at the chemical company's annual meeting, people familiar with the matter said on Wednesday.

Sculptor credit funds draw cash after deep March losses: source

23 May 2020

BOSTON Sculptor Capital Management's credit funds drew inflows from investors even as losses piled up at its SCU Credit Opportunities fund after weeks of coronavirus-fueled market swings.

Did hedge funds score on masks and sanitizer? Not so much

20 May 2020

BOSTON What would seem like a sure win for elite investors - early bets on companies racing to make face masks, hand sanitizer and other coronavirus-related protective products - turned out to be a relatively unpopular strategy and one with surprisingly mixed results.

Exclusive: Third Point founder Daniel Loeb takes over as Munib Islam leaves firm

20 May 2020

BOSTON Billionaire investor Daniel Loeb is taking back the reins as sole chief investment officer at his hedge fund Third Point LLC, less than one year after he appointed long-time colleague Munib Islam to be his co-chief investment officer, according to a letter the firm sent its investors.

EXCLUSIVE-Third Point founder Daniel Loeb takes over as Munib Islam leaves firm

20 May 2020

BOSTON, May 19 Billionaire investor Daniel Loeb is taking back the reins as sole chief investment officer at his hedge fund Third Point LLC, less than one year after he appointed long-time colleague Munib Islam to be his co-chief investment officer, according to a letter the firm sent its investors. (Reporting by Svea Herbst-Bayliss in Boston; Editing by Lisa Shumaker)

Investor urges reinsurer Watford to sell itself as it lags peers - letter

19 May 2020

BOSTON Investment firm Capital Returns Management asked Watford Holdings Ltd to hire an investment bank and consider selling itself as the reinsurer's stock has lost more than half of its value since January and lags its peers.

Proxy adviser ISS backs six Starboard candidates in campaign at GCP: report

16 May 2020

BOSTON Proxy adviser Institutional Shareholder Services Inc (ISS) said on Friday GCP Applied Technologies investors should elect six of hedge fund Starboard Value's eight director nominees to the chemical company's board in an unusual step that would hand control of the board to an activist investor.

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