Hedge Funds See Net Inflows Of 1.55% In December (FINalternatives)
Hedge funds ended the year on a high note, with positive net inflows of 1.55% in December, according to the GlobeOp Capital Movement Index. The results were due to “healthy subscriptions,” according to Hans Hufschmid, chief executive officer, GlobeOp Financial Services. The index represents the monthly net of hedge fund subscriptions and redemptions administered by GlobeOp divided by the total assets under administration of the firm’s fund administration clients.
HFC Advisory Group Taps European Royal For Board (FINalternatives)
HFC Advisory Group, the Tokyo-based alternatives investments shop, has recruited some royalty for its board—Prince Andreas von und zu Liechtenstein. HFC’s clients include hedge funds, private equity funds, real estate funds and other alternative investments managers.
Oshkosh Execs Blast Icahn In Shareholder Letter (Market Watch)
Oshkosh fired a salvo at Carl Icahn Monday, with top executives charging in a letter to shareholders that “the corporate raider and hedge fund activist” who has launched a proxy fight to try to replace six members of the company’s board is refusing to share any of his ideas for Oshkosh’s future.,” they wrote. “We do not believe that Mr. Icahn is interested in a dialogue that enhances value for all Oshkosh shareholders” and is instead “pursuing his own personal agenda without regard for the interests of the Company and all other shareholders.”
Edward Lampert’s ESL Investments Reported 23.9% Activist Stake In $AZO (Insider Monkey)
Edward Lampert’s ESL Investments filed 23.9% activist stake in Autozone Inc. (AZO) today. Now ESL Investments has 9.41 million shares in its position. The filing is to amend the firm’s current position after it made several insider sales in AZO on December 9th. As is shown in Form 4 filings, Edward Lampert sold 431 thousand shares at about $332 per share. Edward Lampert has been trading AZO near $330 per share for months. In the third quarter 13F filing, Edward Lampert reported 8.93 million shares in AZO.
Peter Kolchinsky’s RA Capital Management Reported Stakes In $DYAX, $POZN, And $SQNM (Insider Monkey)
Peter Kolchinsky’s RA Capital Management reported its passive stake in Dyax Corp (DYAX), Pozen Inc. /NC (POZN), and Sequenom Inc. (SQNM) on December 9th. RA Capital Management did not report any shares in DYAX and POZN in the third quarter, so these two might be new positions in RA Capital Management’s portfolio. RA Capital Management boosted its stake in SQNM to 5.20%, according to the SEC 13G. As disclosed at the end of September, RA Capital Management had 2.64 million shares in SQNM. So now the firm position is nearly doubled.