Glenn Welling’s Fund Pressures Rovi’s Board
According to Bloomberg News, Engaged Capital is seeking to alter Rovi Corporation’s cost structure and implement various strategic initiatives.
Must-Know Overview of Rovi Corporation
Rovi Corporation (ROVI) provides content discovery and personalized, interactive experiences to the entertainment media market.
Engaged Capital Raises Stake in Rovi Corporation
Engaged Capital’s relationship with Rovi dates back to April 2013, when the fund first invested in the company.
Seth Klarman’s Baupost Group sells its stake in British Petroleum
The Baupost Group pared almost half of its stake in British Petroleum (BP), which accounted for 7.80% of the fund’s total portfolio in 4Q 2013.
Baupost invests in RF Micro Devices amid its merger with TriQuint
The Baupost Group initiated a position in RF Micro Devices Inc. (RFMD) that accounted for 1.25% of the fund’s total portfolio. Baupost also started a new position in RFMD’s peer and merger partner, TriQuint Semiconductor (TQNT).
Seth Klarman’s Baupost Group buys a new stake in Cheniere Energy
The Baupost Group added a stake in Cheniere Energy Inc. (LNG) that accounted for 7.57% of the fund’s total portfolio. Cheniere Energy is a Houston-based energy company.
Must-know highlights of the Baupost Group’s 1Q 2014 positions
Seth Klarman’s Baupost Group, LLC, returned $4 billion to clients at the end of last year. The fund is one of the best-performing hedge fund managers of all time, generating $21.5 billion in returns over its history.