Alabama Hedge Fund Guide
Guide to Hedge Funds in Alabama
As part of our Hedge Fund Geographical Guide, below is a short but growing collection of news articles and facts regarding hedge funds in Alabama.
Resource #1: Great, very in depth article that outlines nearly everything about one Alabama hedge fund and its interesting relationship with the New York Times:
It’s a bright morning in April when Arthur Ochs Sulzberger Jr. takes the stage in a crowded auditorium in midtown Manhattan. “This company is not for sale,” he says, his voice sounding heavy. He wears a charcoal suit with a red tie, and his shoulders sag slightly, as if the ghosts of three generations of Ochs-Sulzbergers, publishers of the New York Times, are pressing down on them. Several hundred New York Times Co. stockholders are gathered at the paper’s sleek new headquarters, in an amphitheater overlooking a garden of birch trees. All eyes are on Sulzberger. Like most newspaper concerns today, his company has routinely been described as embattled, but this particular meeting seethes with even more tension than usual. Two hedge funds have amassed a 20 percent stake in Times Co. stock, so Sulzberger, 57, the company chairman and the publisher of its flagship daily, needs to make a determined stand. “Every member of the family deeply cares about this company and its mission,” he says. Read more...
Resource #2: An Alabama hedge fund seeking to control Ryerson Inc. sued the Chicago-based metals distributor to force a vote on the fund's slate of directors. In its complaint filed Monday in a Delaware court, Harbinger Capital Partners accused Ryerson of failing to schedule an annual shareholders' meeting and depriving shareholders of their voting rights. source
Resource #3: One of two hedge funds seeking to name directors at The New York Times Company sought on Sunday to clarify its intentions for the newspaper publisher, saying it wanted the company to sell some assets and focus on digital publishing source
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