Hedge Fund Brevan Howard Seeks Injunction To Block Reuters Story (Reuters)
Brevan Howard Asset Management, a British hedge fund, has sought an injunction to prevent Reuters publishing a story that the firm says is based on confidential information. A spokesman for Brevan Howard, one of Europe’s biggest hedge fund management firms, did not immediately respond to a request for comment on Monday. A Reuters spokeswoman said: “Our objective is to publish news and information in the public interest, which we believe outweighs any confidentiality concerns in this matter.” Under Britain’s legal system, individuals and companies can file for privacy or confidentiality injunctions to try to stop the media publishing information that they say is confidential.
Carl Icahn Not Too Worried About Not-So-Major Motion Picture Event (DealBreaker)
“Betting on Zero,” the movie documenting Bill Ackman’s heroic but so far (for him, anyway) tragic battle against the scourge of truth, justice and the American way, Herbalife, is coming to a theater near you on Friday. Well, it is if you live in New York, L.A., Houston, Dallas, Denver, Santa Fe, Columbus or southeastern Westchester, anyway. Otherwise, it’s just coming to your iTunes. In any event, this cinematic activism (or, as Herbalife—which made sure to buy “bettingonzero.com” before Ackman’s filmmaker could—would have it, “a misleading infomercial paid for by a billionaire hedge fund manager”) is Ackman’s latest effort to kill the apparently immortal diet-shake purveyor, which can survive a giant FTC fine and finding that it’s basically the pyramid scheme Ackman says it is but not in a semantic sort of way, and even turn that to its advantage.
Elliott’s Evergreen Financed Part Of Vista’s DH Corp Deal: Sources (Reuters)
Elliott Management‘s private equity division was among the firms that provided financing to Vista Equity Partners for its $3.6 billion purchase of Canada’s DH Corp. (DH.TO), according to people familiar with the matter. Evergreen Coast Capital Corp., the private equity group within Elliott that the hedge fund has expanded in the last year, offered around $400 million in preferred equity for the deal, people familiar with the matter said. Elliott declined to comment. A Vista spokesman did not immediately return a call seeking comment. (Reporting by Michael Flaherty; editing by Diane Craft).
Tom Steyer, A Billionaire With Surprising Rules For Winning (CNBC)
Tom Steyer became a billionaire by solving puzzles. That wasn’t his technical job description – he actually founded Farallon Capital, a hedge fund in San Francisco, 30 years ago. As an investor, two signature moves stand out: One, he got his alma mater, Yale, to invest a portion of its endowment with him; the success of that arrangement sparked a trend. Two, he often made his own luck by investing deeply in countries and industries. As Steyer scouted unusual investments in unexpected places, he followed some basic rules. Now that Steyer has set his sights on politics and policy – he’s rumored to be considering a run for California governor – I sat down with him for Fortt Knox. He gave me some of his best insights on how to succeed, and why he’s fighting the new administration in Washington, D.C.
