Category Archives: Hedge Funds

Aramark Files for IPO

Aramark does more than give you a burger and soda at the game or hospital cafeteria, its mission is to “Deliver experiences that enrich and nourish lives.” In January 2007, ARAMARK Corp. completed its merger, pursuant to which GS Capital … Continue reading

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Delicious IPO News

We note a couple of things that caught our eye heading into the holiday weekend. Potbelly Potbelly Corp., the “fast-growing neighborhood sandwich concept offering toasty warm sandwiches, signature salads and other fresh menu items served by engaging people in an … Continue reading

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Going Once, Going Twice . . . Third Point Takes Major Stake In Sotheby’s

Will the auctioneer become the next item up for auction? Daniel Loeb’s Third Point disclosed a 5.7% stake in Sotheby’s today in an SEC filing.  There appears to be some activist intentions behind the “investment purposes” it disclosed as the … Continue reading

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Corporations Giving Board Seats to Activist Investors, Says WSJ

In fights with dissidents, corporations are giving corporate board seats to the insurgents as long as management appointees get to keep their seats, says the Wall Street Journal($). Why are we writing about it?  Because two of the examples are … Continue reading

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After Dell Pushes Back Record Date for Buyout, Hedge Funds Respond By Buying Dell Shares

Shorter term investors looking for a quick exit now eligible to vote on the Michael Dell/Silver Lake buyout. The much-discussed Dell buyout previous had a record date of June 3, meaning you had to be a stockholder on that day … Continue reading

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Tudor Investment Corp. Discloses Holdings – More Interesting Than It Sounds

Tudor Investment Corp. filed its Form 13F today for the June 30 quarter. The largest holding is a high yield corporate bond ETF.  Exciting, right? Other holdings north of $20 million include Lyondellbasell, AIG, Baxter International, Merck, WellPoint (cashing in … Continue reading

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Plenty Of Room On The Bandwagon As Starboard Takes A Big Stake In Elliott Associates Project Emulex Corp.

Starboard Value takes the Fantastic Voyage with Elliott Associates as it awaits Emulex Corporation’s sale. It is always heartwarming to see two of our favorite funds working together, sort of. Starboard Value disclosed a 6.9% stake in Emulex Corporation in … Continue reading

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Quality Systems Does Not Have Quality Leadership, Says Clinton Group As It Contests Director Election At Upcoming Meeting

Activist Investor Clinton Group files proxy statement for the election of its seven nominees to the Quality Systems Board of Directors. Quality Systems, Inc. is an IT company in the healthcare industry. According to activist investor Clinton Group, Quality Systems … Continue reading

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Emulex Climbing Back Up As We Lock It Back Down.

ELX up sharply on rumors it is considering a strategic transaction. After struggling this year, Emulex Corp. shares are up over 15% today, as of this writing.  There seem to be rumors that Emulex has hired bankers to pursue “strategic … Continue reading

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Argentina Goes to U.S. Supreme Court to Stiff Bondholders

Argentina files suit to avoid paying Elliott Management in battle of naval powers. We have previously stated our admiration for the naval prowess of Elliott Management.  But, Argentina continues to fight back. Argentina has asked the U.S. Supreme Court to … Continue reading

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