TORONTO — As RB Energy Inc. flamed out and fell into creditor protection during the past couple of weeks, investors were shell-shocked.
Despite some start-up problems in recent months, Vancouver-based RB seemed to be in an ideal position. It was emerging as North America’s only serious lithium producer, just as demand for the metal is set to soar because of its use in electric vehicle batteries. Its management team was linked to the legendary Lundin Group, a resource conglomerate with a fantastic track record of success. Lundin companies do not just melt down like that.
Disclosure is a key element in ensuring the well-functioning of the capital markets and allowing investors to make informed judgements.
All of which means a focus on the circular for the upcoming meeting of Tuckamore Capital Management. That meeting has been called for shareholders to support management’s plan, that’s backed by Birch Hill Equity Partners, to take the company private.
For the second time in six months, a group of dissident shareholders are seeking change at New Millennium Iron Corp., an iron ore development company “with an extensive property position” in the Labrador Trough.
The latest action is coming from a three-person group led by Scott Leckie, a principal at Takota Asset Management, a money manager that owns more than five per cent of New Millennium, a company whose market cap has fallen to $11 million — from around $750 million at the peak in 2011.
By Mike Phillips:In a previous article related to Dollar Tree (DLTR), I illustrated a collar position for realizing a potential profit, even if the price of the stock remains unchanged while also providing protection against a large drop in price.
By Lalit Sharma:Appaloosa Management, L.P. is a Short Hills, N.J.-based hedge fund management firm founded by David A. Tepper. The firm manages over $4 billion in equities and has beaten the S&P 500 consistently by a large margin.
Year Return (%) S&P500 (%) Excess Gain (%)
By Lalit Sharma:Soros Fund Management LLC is one of the most successful and high-profile hedge funds managed by billionaire hedge fund manager George Soros. Soros returned an average of 30.5% per year between 1969 and 2000. More recently in 2007, 2008, and 2009, his fund generated a 32%, 8% and 29% return respectively for investors.
By Rash Menaria:
Aberdeen Asset Management PLC is an investment advisory and hedge fund firm managing over $55 bn in equities. It employs a bottom-up, fundamental approach, investing in established companies that are attractively priced and have quality management teams and solid business models. The firm maintains a long-term focus in employing buy and hold strategies.
Ron Rowland submits:January produced twenty new ETFs and two new ETNs. None closed. The 22 new products result in a current total count of 1,121 listings (987 ETFs and 134 ETNs). Two of the new ETFs are classified as actively-managed funds, bringing their count to 33.