Hints and tips:
...Ruane, Cunniff & Goldfarb, the manager of the mutual fund, said in a note to clients that it bought a small stake in Facebook at the end of the first quarter following the break out of a data sharing controversy...
...Mr Poppe is also replacing Mr Goldfarb as Ruane, Cunniff & Goldfarb’s chief executive....
...The sale, just announced in a regulatory filing, takes the stake held by Ruane, Cunniff & Goldfarb, the fund’s manager, down to 4.7 per cent from 10.4 per cent at its last filing in February....
...Mr Poppe, who joined after Mr Ruane’s death in 2006, will now be lead manager, as well as taking over from Mr Goldfarb as chief executive of Ruane, Cunniff & Goldfarb....
...Neither Mr Goldfarb, who has co-managed the fund for 37 years, or Mr Poppe, who joined him after the death of Mr Ruane in 2005, returned calls seeking comment....
...There will be six each from analysts Jay Gelb of Barclays, Jonathan Brandt of Ruane, Cunniff & Goldfarb, and Greggory Warren of Morningstar....
...So at this year’s meeting Cliff Gallant of Nomura will be joined by Jonathan Brandt of Ruane, Cuniff & Goldfarb to ask about the non-insurance businesses....
...Cunniff & Goldfarb....
...Ruane, Cunniff and Goldfarb, a fund manager with about $15bn under management, released a letter on Wednesday urging other Goldman investors to vote against Mr Johnson, citing among its reasons his role...
...Ruane, Cunniff & Goldfarb, a fund manager with about $15bn under management, published a letter last month urging investors in the bank to vote against the re-election of James Johnson, Goldman’s longest-serving...
...Ruane, Cunniff & Goldfarb, a US investment group which also owns a small stake in De La Rue, is certainly backing him; since his appointment was announced the fund has become Qinetiq’s largest shareholder...
...Among other large shareholders, legendary investment firm Ruane, Cunniff & Goldfarb owns about 4 per cent. Though the stock price has run up in the past two months, insiders haven’t sold any shares....
...Reg Vardy fell 0.6 per cent to 528.25p despite the disclosure that Ruane, Cunniff Goldfarb had taken a 3.88 per cent stake in the bus maker....
International Edition