A handful of hedge funds just made a play that screams ‘out of ideas’
By Linette Lopez From Business Insider A bunch of hedge funds just sent a subtle message to the market: “Guys, we’re out of ideas.” On Tuesday, the activist hedge fund ValueAct Capital announced that it had taken a $1.1 billion stake…
FATCA: Cost overruns come with the territory
By Peter Stafford DMS Offshore Investment Services Red might be a festive color for the approaching holiday season, except for the red ink many fund management shops are facing in cost overruns complying with the Foreign Account Tax Compliance Act…
WuXi PharmaTech (Cayman) Inc. upgraded to “Conviction-Buy” at Goldman Sachs (WX)
WuXi PharmaTech (Cayman) Inc. (ADR) logoWuXi PharmaTech (Cayman) Inc. (NYSE:WX) was upgraded by research analysts at Goldman Sachs from a “neutral” rating to a “conviction-buy” rating in a report released on Tuesday, TheFlyOnTheWall.com reports. WuXi PharmaTech (NYSE:WX) opened at 33.88…
Royal Caribbean Cruises receives consensus recommendation of “Buy” from Brokerages (NYSE:RCL)
By Nicole Kennedy From WatchList News September 6th, 2014 – Shares of Royal Caribbean Cruises (NYSE:RCL) have been given a consensus rating of “Buy” by the twenty-six ratings firms that are currently covering the stock, Stock Ratings News reports. Nine…
