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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Regulators contend two firms falsely advertised themselves as the first to apply artificial intelligence to investment recommendations.
March 18 -
Financial advisors and tax experts say HOA fees are usually not deductible, unless the home is used for a business or as a rental property.
March 18 -
Jeff McMillan will be in charge of marshaling the firm's investments in artificial intelligence to drive efficiency.
March 15 -
President Biden wants the wealthy to "pay their fair share." Ex-President Trump calls for "the biggest tax cuts." But labeling people as rich creates massive policy challenges.
March 15 -
The technology startup continues to make U.S. inroads with its goal of enabling advisors to better deliver customized financial advice.
March 15 -
Meister, chair and CEO of the M&T division, considers herself a "builder-fixer" and has sought out new challenges and opportunities throughout her more than 30-year career.
March 15