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Hedge Fund and Insider Trading News: Bill Ackman, Ray Dalio, Perceptive Advisors, Westbeck Capital, Tiger Global Management, SEI Investments Company (SEIC), and More Energy-focused hedge fund Westbeck Capital has bagged its sixth consecutive monthly gain, as it “aggressively” tapped into buying opportunities during last month’s steep oil correction. The Westbeck Energy Opportunity Fund – Westbeck’s flagship long/short directional hedge fund strategy which trades across equities, futures and options – scored a 3.9 per cent gain in April, and has already started May positively, the...

Legal IN BRIEF: Elliott makes winning bid to buy Paper Source out of bankruptcy Maria Chutchian 2 minute read A plaque is displayed at the entrance of the U.S. District Bankruptcy Court for the Southern District of New York in Manhattan, New York, U.S., January 9, 2020. REUTERS/Brendan McDermid Greeting card and stationary retailer Paper Source has selected a $91.5 million bid from Elliott Investment Management LP to buy it out of bankruptcy. Paper Source, represented by Willkie Farr & Gallagher, announced that Elliott had the winning bid at a bankruptcy auction in court papers filed on Monda...

Elliott Advisors (UK) Limited: Paper Source to Be Acquired by Elliott Elliott investment supports Paper Source for a bright future of its own and in teaming with Barnes Noble Elliott Investment Management L.P. ("Elliott") announces today that funds it advises have entered into a definitive agreement to acquire the assets and business operations of Paper Source Inc. The acquisition of Paper Source by Elliott allows the stationery and gift retailer to emerge from Chapter 11 with the support of a well-capitalized owner committed to the development and growth of the business. Following the Chapte...

.......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... As U.S. retailers celebrate a boom lifting one of the pandemic’s hardest-hit sectors, scars left by a year of bankruptcies and delayed vendor payments could threaten to undermine their recovery – just as the crucial back-to-school shopping season begins. After watching their receivables mount last year, vendors of apparel and other goods demanded change. In order to ship, many began requiring p...

Stiffed Vendors Get Tough With U.S. Retailers After Big Losses By Lauren Coleman-Lochner and Eliza Ronalds-Hannon | May 4, 2021 As U.S. retailers celebrate a boom lifting one of the pandemic’s hardest-hit sectors, scars left by a year of bankruptcies and delayed vendor payments could threaten to undermine their recovery — just as the crucial back-to-school shopping season begins. After watching their receivables mount last year, vendors of apparel and other goods demanded change. In order to ship, many began requiring payment upon delivery of the goods ...