Hints and tips:
...“You’re going to see us do . . . a handful or two of large, really important investments a year and that’s it.”...
...The fund then said on Thursday the new offer was still “substantially below” its view of the energy company’s long-term intrinsic value....
...Aberdeen Standard Investments, another top 10 shareholder in the company, has already hit out at the offer price, saying that it “does not fully reflect the intrinsic value of the group, while exposing us...
...It can then target ads more effectively and do a better job of predicting the return on investment on each ad....
...“In a world of historically low interest rates there are few developed places that feature equities trading far below their intrinsic values,” says US investor James Rosenwald, who will oversee the fund....
...Having reviewed the quarterly filing, he saw Lehman had a $1.6bn exposure to below investment grade collateralised debt obligations, yet had only taken a write-down of $200m on the securities, despite a...
...He added the case was a legal milestone for clearing up confusion around appraisals in private equity buyouts, which typically leverage the difference between the market value of a company and its intrinsic...
...And ABI might also have to dispose of SABMiller’s 49 per cent stake in CR Snow in China. But it is also likely that Molson Coors and CRE would be willing purchasers respectively.”...
...Just before the financial crisis, Fortress Investment Group became the first prominent financial sponsor to offer its shares to the public....
...All the same, any stress test that does not factor in real current risks — from a crashing oil price or to political mayhem — is not much use to the investment community....
...But then paradox is intrinsic to the character of co-founder Jon Stein....
...Mr Nussbaum pleaded guilty to five counts of wire and securities fraud on behalf of SAC and its units Sigma Capital and CR Intrinsic....
...The chain also said it was also looking at “alternatives” for its investment in Casa Ley, the Mexican retailer in which it holds a 49 per cent stake....
...SAC, and its subsidiaries Sigma and CR Intrinsic, were indicted in July on allegations that they engaged in a rampant insider trading scheme. The companies, through their attorney, pleaded not guilty....
...SAC and its subsidiaries Sigma and CR Intrinsic are 100 per cent owned by Mr Cohen. Indictments against financial institutions are rarely sought because of the broader collateral damage....
...that CR Intrinsic and SAC held....
...The stakes for SAC, which has been under investigation for nearly a decade, rose last November, when Mathew Martoma, a former portfolio manager at SAC unit CR Intrinsic, was charged as part of a $285m insider...
...SAC’s CR Intrinsic division agreed to pay $600m to settle allegations it profited from trading in the shares of two pharmaceutical companies ahead of the release of negative clinical drug trial results....
...The Department of Justice filed criminal charges against Mathew Martoma, a former portfolio manager with SAC unit CR Intrinsic, for causing SAC’s trades. He has denied any wrongdoing....
...Martoma then “caused hedge fund portfolios managed by CR Intrinsic as well as hedge fund portfolios managed by an affiliated investment adviser (“Investment Adviser A”) not only to liquidate their combined...
...He said in the case of SAC, Mr Martoma was a “senior portfolio manager with significant discretion to trade enormous amounts of money on behalf of not only CR Intrinsic but others”....
...Thursday will mark the first time investors can redeem money from the fund, run by Steven Cohen, since Mathew Martoma, a former portfolio manager with CR Intrinsic, a unit of SAC, was charged with allegedly...
...The SEC shared its information with the FBI and US attorney’s office, which already had eyes on Mathew Martoma, a portfolio manager with SAC subsidiary CR Intrinsic, people familiar with the matter said....
...The SEC sued Mr Gilman and CR Intrinsic. Mr Gilman is co-operating with authorities under a non-prosecution deal with authorities, people familiar with the matter say....
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