Page 16420 


Hedge fund sues treasury over Fannie, Freddie


A large hedge fund that invested in shares of the government-sponsored mortgage companies Fannie Mae and Freddie Mac has sued the U.S. Treasury Secretary, and the head of the Federal Housing Finance Agency, along with the agencies themselves, arguing that their attempts to wind down the companies violate a Congressional mandate.

ISS backs Dell over Icahn in fight for company

Michael Dell

ISS Proxy Advisory Services is recommending that Dell shareholders approve the offer by CEO Michael Dell and private-equity firm Silver Lake Partners to take the company private, days after the two ruled out sweetening their buyout offer.

UKFI hires former UBS banker


Christopher Fox joins UK Financial Investments Limited (UKFI) with responsibility for managing HM Government’s interests in the Bradford & Bingley (B&B) and Northern Rock Asset Management (NRAM) portfolios; together ‘UK Asset Resolution (UKAR)’.