The Allied Owners Action Fund, managed by Privateer Asset Management of New York, has targeted a second company under its shareholder activism mandate - Comshares of Ann Arbor, Mich. The fund accumulates stakes in companies it believes are undervalued and then rallies shareholders to press management for changes in hopes of increasing the value of the company's stock. The non-diversified Allied Owners Action Fund, which was introduced March 9, announced the new target company on its website June 2.
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Amid a busy April for big hires, compliance tech provider COMPLY and wealthtech platform TIFIN have brought on industry vets Michael Stanton and Jeannette Kuda, respectively, aiming for strategic growth.
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After a mixed quarter for the firm's wealth unit, CEO Ron Kruszewski predicted that the Fed may cut rates zero or just once or even hike them in 2024.
April 24 -
The U.S. Chamber of Commerce and other business groups contend the Federal Trade Commission has exceeded its authority in nullifying contracts that prohibit employees from switching jobs to competitors.
April 24 -
Retirement doesn't have to mean scrimping and saving. Here are five parts of the country where seniors are living large in their golden years.
April 24 -
Advisor360° names former MassMutual exec Mike Fanning as its new CEO
April 23