Global slowdown is another blow to shipping, still suffering from the downturn caused by the Great Recession. On the other hand, investors are attracted by low prices and see opportunities in the industry’s expected consolidation. Some hedge funds look to get into deals while others seek distressed assets.
Analysts discussed the prospects at a Capital Link Forum (more…)
Having sold an interest in Talecris Biotherapeutics to Grifols SA, a Spanish company with worldwide biopharmaceutical and other medical businesses, Cerberus Capital (more…)
In the middle of the financial meltdown in December 2008, Centaurus Alpha Fund went down like so many other funds. Investors rejected the management’s lockup proposal and so the firm decided to close the fund. Selling the assets in the portfolio and returning the money to investors took years. Meanwhile, of course, markets recovered. (more…)
Chidem Kurdas
Getting more capital together is often the main motive for a merger or acquisition. But the resulting business is often less than the sum of the parts. It ends up with less assets than the two combined managers had separately because some investors redeem in response to the change. (more…)
Chidem Kurdas
Look at a big investor’s event-driven holdings and a name you’re likely to spot is Elliot Associates LP. Longevity and a reliable track record probably have something to do with it—Paul Singer, a lawyer, founded Elliot in 1977. (more…)
