How Leveraged Loan Funds Continue to Witness Outflows
According to data from Lipper, leveraged loan funds saw an outflow for the seven days ended November 18, making them the 17th occurrence of such outflows.
Paulson & Co. eliminates position in Freeport-McMoRan
Freeport-McMoRan is the world’s largest publicly traded copper producer. It posted revenue of $5.7 billion, down 7.6%, saying, results “reflect lower oil volumes and price realizations for copper, gold and oil.”
Paulson & Co. ups position in Covidien
The Ireland-based Covidien is engaged in the development, manufacture, and sale of healthcare products for use in clinical and home settings. Its fourth-quarter net sales increased 7% to $2.73 billion.
September 23 Saw 9 Straight Weeks of Leveraged Loan Fund Outflows
Leveraged loans funds saw the ninth straight week of outflows for the week ended September 23. The outflows totaled $257.6 million, compared to net outflows of $350.4 million in the previous week.
Key positions traded by Paulson & Co. in 3Q14
Paulson & Co. was founded in 1994 by John Paulson. Unconfirmed sources say the firm posted a 14% loss in its event-driven Paulson Advantage fund in October.
JANA Partners sells Civeo over stock’s downward spiral
JANA’s share sale also comes a day after Civeo announced that the firm faces a gloomy 2015. The company cut its financial projections due to a steep decline in oil prices.
JANA Partners starts a new position in Rackspace Hosting
JANA Partners added a stake in Rackspace Hosting Inc. (RAX). The position accounted for 1.18% of the fund’s total third-quarter portfolio.
Leveraged Loan Funds See More Outflows
Leveraged loan funds saw an outflow for the week ending November 25. The quantum of outflows was $742.0 million last week—up from $306.2 million in the previous week.
Paulson & Co. opens a new position in PetSmart
PetSmart announced a broad cost-reduction strategy that will target all areas of the business. The company said it expects to realize savings before the end of fiscal 2015.
Eighth Consecutive Week of Outflows from Leveraged Loans Funds
Collateralized loan obligation (or CLO) deals resumed last week after no deals in the previous week.
JANA’s Track Record As an Activist Investor
Activist investor JANA Partners sold a 20% stake in the firm to Neuberger Berman’s Dyal Capital Partners. Dyal holds a passive interest in JANA Partners.
Why PetSmart’s new initiatives will expand traffic and sales
PetSmart believes its key competitive advantage lies in the fact that it’s an exclusive provider of the “widest assortment of proprietary and exclusive products and services.”
Must-know: An overview of PetSmart’s businesses
Based on 2013 net sales of $6.9 billion, PetSmart is North America’s leading specialty provider of products, services, and solutions for the lifetime needs of pets.
Must-know: An overview of PetSmart’s growth drivers
PetSmart’s earlier strategy was to be the preferred provider for the lifetime needs of pets.
Assessing Liquidity Risk in the Corporate Bond Market
Liquidity risk has fallen from levels seen during the financial crisis of 2008. Since 2011, liquidity risk in the corporate bond market has decreased.
Facebook’s ‘Conversion Tracking’ Tool Measures Ad Effectiveness
Last quarter, Facebook introduced the “Conversion Tracking” tool. lt measures the impact that online ads have on in-store purchases, specifically for retailers.
Google Enhances Its Ad Measurement Tools
The Internet industry made technological advances in ad measurement tools. For example, Google added the “estimated store visits” metric in December.
Valuing Office Depot—Comparing Buyout Transactions In Retail
PetSmart (PETM) is a specialty pet goods retailer. On December 14, PETM announced its leveraged buyout, or LBO, by an investor group. The investor group is led by BC Partners.
Paulson & Co. opens a position in chemical company Taminco
Taminco is the world’s largest integrated producer of alkylamines and alkylamine derivatives. Taminco currently operates in 23 countries with eight production facilities.
Why PetSmart needs to expand its e-commerce presence
PetSmart said in its 10K filing that it’s developing solutions and communication strategies to gain a better insight of its customers’ preferences.