SandRidge Energy Inc. will add four directors named by TPG-Axon Capital Management LP and agreed to give the activist shareholder control of the board if Tom Ward is still running the company in four months.
Wall Street’s largest banks can still make big profits without prop trading, said Dinakar Singh, the former Goldman Sachs Group Inc. proprietary trader who runs $4 billion hedge fund TPG-Axon Capital Management LP.
SandRidge Energy Inc., the energy company that has declined 77 percent since it began trading in 2007, should replace Chairman and Chief Executive Officer Tom Ward and consider selling itself after a “disastrous” performance, hedge fund TPG-Axon Capital Management LP said.
Aug. 3 (Bloomberg) -- TPG-Axon Capital Management's CEO Dinakar Singh talks about today's job's report, the economy, markets and his investment strategy. He speaks on Bloomberg Television's "Market Makers." (Source: Bloomberg)
SandRidge Energy Inc., the energy producer that’s lost 28 percent of its value this year, should allow its shareholders to vote on replacing the company’s directors, clearing the way for the company to be sold, said hedge fund manager Dinakar Singh.