Gregard Heje, former Asia head of Ziff Brothers Investments LLC, plans to start his own Hong Kong- based hedge fund that bets on stocks as early as the second quarter, said two people with knowledge of the matter.
Billionaire Carl Icahn ’s offer for Blockbuster Inc. has attracted a second group of liquidators, Great American Group Inc. and Tiger Capital Group LLC, to join his auction bid for the bankrupt movie-rental company , two people familiar with the matter said.
Patriot Coal Corp.’s creditors want to investigate Peabody Energy Corp.’s 2007 spinoff of the coal producer, saying the transaction rid Peabody of $600 million in health-care and environmental liabilities.
Aeropostale Inc., the operator of more than 1,000 teen and children’s apparel stores in North America, rose the most in almost two years after private-equity firm Sycamore Partners took an 8 percent stake in the company.
Talbots Inc., which posted the worst returns of any U.S. retailer in the past decade, is now offering some of the biggest potential gains for traders willing to bet a deal with Sycamore Partners LP will finally close.
Bank of America Corp.’s proposed $8.5 billion settlement over mortgage-securitization trusts is being probed by New York Attorney General Eric Schneiderman, who is seeking client information from more than 20 companies, Bloomberg News’ Karen Freifeld reports.