trades at 13x P/E and 7.6x EV/EBITDA , and was created specifically to unlock value from Sears Holdings ( SHLD ) by hedge fund manager Eddie Lampert. Sears Hometown is very different from Sears Holdings. For instance: SHOS only sells hardware and
NEW YORK (Reuters) - Famed oil bull Andy Hall's hedge fund rose nearly 8 percent in February in its biggest monthly gain in 2-1/2 years, boosted by a rally in crude oil that could help Occidental Petroleum's chances of selling its stake in the fund.
BOSTON, March 7 (Reuters) - After years of complaining about high fees and lackluster returns, hedge fund investors have something new to grumble about: It is getting harder to see even the most...
funds (who also purchase domestic equities), or from collective investment trust managers, separate-account managers, hedge fund managers, variable-annuity managers, and so on. Wherever fund types they run, these managers pursue similar investment
March 6 (Reuters) - Activist investor Casablanca Capital LP on Thursday nominated six directors for election to the board of Cliffs Natural Resources Inc, setting in motion a proxy battle for the iron ore producer that it wants split into two companies.
March 6 (Reuters) - Activist investor Casablanca Capital LP said on Thursday it sent a letter to Cliffs Natural Resources Inc nominating six directors for election to the company's board at its annual meeting in May, setting in motion a proxy battle for the iron ore producer.
NEW YORK (Reuters) - U.S. private equity group Carlyle said assets at its commodities hedge fund Vermillion fell by more than half in the nine months to December, suggesting investor redemptions at the fund after some negative returns.
NEW YORK, March 6 (Reuters) - U.S. private equity group Carlyle said assets at its commodities hedge fund Vermillion fell by more than half in the nine months to December, suggesting investor...
Citing Jim Chanos as the source of the idea, Jim Grant says he's "confidently bearish" on high-flyer and hedge fund favorite Valeant Pharma ( VRX -4.5% ) and its strategy of growth by M&A. The bull case, says Grant, boils down to
SA author/ hedge fund analyst Thomas Hor considers Sky-mobi ( MOBI +15.6% ) deeply undervalued at 2x 2014E EV/sales (a multiple well below that