HFA appoints Mark McGoldrick and Greg de Spoelberch in New York (HedgeWeek)
McGoldrick and de Spoelberch will lead HFA in the region and help produce member educational programs and events. They will serve alongside McGladrey Partner Sal Shah, regional director for both the HFA’s Northeast Chapter and Connecticut Chapter. McGoldrick has been a managing director at Concept Capital Markets since August 2011 following the firm’s acquisition of Alaris Trading Partners, an introducing brokerage he founded in February 2006. Earlier in his career, he worked at UBS Securities in prime brokerage.
Pershing Square sues Allergan over Valeant rejection (OphthalmologyTimes)
Following Allergan’s continued rejection of Valeant Pharmaceuticals Intl Inc (NYSE:VRX)’s hostile takeover bid last week, Pershing Square Capital Management announced it has filed a lawsuit against Allergan. Pershing Square is seeking to call a special meeting of Allergan shareholders later this year, where the hedge fund said it hopes to vote in new board members who would support the deal, valued at $53 billion. However, Pershing Square noted that Allergan has not made it clear whether calling the meeting would set off a shareholder rights’ plan—or poison pill—that would substantially dilute shareholders, including Pershing Square, Allergan’s largest shareholder (9.7%).
We reveal the winner of our EBay lunch bid with Jim Mellon (CityAM)
The bidding is over. We can now reveal the winner of lunch with hedge-fund star Jim Mellon is none other than Lars Seier Christensen, co-chief and co-founder of Saxo Bank. Christenen managed to secure the lunch yesterday with a winning bid of £4,000. “Well, I like to think of myself as an early mover, so I thought I would buy this year before Jim’s lunches become iconic and go up to the three and a half million dollars, Warren Buffett’s lunch commands!” Christensen told us. With Mellon matching the bid that means a grand total of £8,000 should be winging its way to Mellon’s charity of choice – Wellbeing of Women. The lunch – at a time and place yet to be decided between the two, won’t be the first time this pair have met, it turns out they’re old friends.
Fort Lauderdale Pistol & Hose Seeks Second Hedge-Fund Manager (Finalternatives)
Fort Lauderdale’s finest are looking for a few good opportunistic hedge fund managers. The Florida pension last week decided to hear from two to three such managers as it mulls adding another to its current hedge-fund allocation, handled by fund of hedge funds EnTrust Capital. The move follows an educational presentation by EnTrust, which touted its special opportunities fund of funds. The presentations will come at the Fort Lauderdale Police & Fire Retirement System’s Sept. 10 meeting, Pensions & Investments reports. Consultant CapTrust Advisors is assisting in the search, which is invitation-only, and a choice will likely be made at that meeting.
Attalus’ Craig To Rockefeller & Co. (Finalternatives)
The Rockefeller’s former family office has snatched a former employee from hedge fund Attalus Capital. Neil Craig has returned to Rockefeller & Co., which, since the 1980s, has managed money from other investors, as senior vice president. He is charged with selling the firm’s services to institutional investors and investment consultants, the firm said. Craig was most recently a managing director at Philadelphia-based Attalus, handling new business development. He previously worked at Rockefeller, which has $44 billion in assets, from 1997 through 2001, and his résumé also boasts stints at The Bank of New York Mellon Corporation (NYSE:BK), Sandell Asset Management, Commonfund Securities and Citigroup Inc (NYSE:C).
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