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Activism: Director Can’t Share Confidential Information with Activist Hedge Fund

Deal Lawyers

1/24), the Chancery Court held that an activist nominee was not permitted to share privileged and confidential information received in his capacity as a director with the hedge fund that nominated him. In a recent letter ruling in Icahn Partners LP v. deSouza, (Del.

Funds 120
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Explained: Tax implications of income earned from shares, mutual funds

Business Standard - FInance

The tax implications of income earned from shares, mutual funds and ETFs (Exchange Traded Funds) largely depend on the type of investment, the holding period and the amount of profit earned

Funds 98
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ETF Share Transactions Based on Nonpublic Information: An Illegal Secret Ingredient?

JD Supra: Mergers

Those with nonpublic information about a merger or acquisition involving a company appear to be profiting by trading in shares of exchange-traded funds based on indexes that include such companies’ shares, according to a recent study by Swedish and Australian researchers. By: Carlton Fields

Shares 159
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Cathie Wood's Ark funds buy Reddit stock on first day of trading

CNBC: Investing

The total value of the combined stake of those funds is about $503 million, based on Reddit's closing price of $50.44 per share on Thursday.

Funds 123
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China’s exchanges restrict stock selling by some hedge funds

Global Banking & Finance

China’s exchanges restrict stock selling by some hedge funds SHANGHAI/BEIJING (Reuters) – China’s stock exchanges are restricting share selling by some hedge funds, four fund managers and a broker said, in the latest attempt to stabilise a market that has slumped to five-year lows.

Funds 104
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Pete Seligman: Navigating the World of Search Funds and ETA

How2Exit

b' E182: Pete Seligman: Navigating the World of Search Funds and ETA - Watch Here rn rn About the Guest(s): rn Pete Seligman is a search fund investor and entrepreneur based in Australia. rn Episode Summary: rn In this episode, Pete Seligman takes us on his journey from being a business owner to becoming a search fund investor.

Funds 130
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Renewables funds see record outflows as rising rates, costs hit shares

Global Banking & Finance

Renewables funds see record outflows as rising rates, costs hit shares By Patturaja Murugaboopathy and Tommy Wilkes BENGALURU/LONDON (Reuters) – Investors ditched renewable energy funds at the fastest rate on record in the three months to end-September as cleaner energy shares took a beating from higher interest rates and soaring material costs, (..)

Funds 52