Tag: Hedge fund

BusinessStartupsTechnology

Former Whole Foods CEO Reveals Activist Investor Threats Forced Amazon Sale

Whole Foods cofounder John Mackey has revealed that activist investors threatened to fire him and his entire executive team before selling the company. The confrontation ultimately led to the $13.7 billion Amazon acquisition despite Mackey’s initial reluctance to sell.

Activist Investor Confrontation

John Mackey, the 72-year-old cofounder and former CEO of Whole Foods Market, has disclosed that he never wanted to sell the company to Amazon but was forced into the deal by activist investors who threatened to take over his board and fire him, according to his recent interview on the Habits & Hustle podcast.

by Carter Wells
BusinessFinance

Man Group Assets Surge to Record $214 Billion, Shares Reach Six-Month Peak

Man Group shares climbed to their highest level since April after the hedge fund reported a 22% increase in assets under management to a record $213.9 billion. The performance exceeded analyst expectations, with strong growth in credit strategies and systematic funds driving the gains during a period of significant market volatility.

Record Assets Under Management

Man Group reportedly saw its assets under management surge to a record $213.9 billion in the 12 months to September 30, according to recent reports. This represents a 22% increase that significantly exceeded analyst expectations, with sources indicating the London-based hedge fund had been projected to reach approximately $201.7 billion.

by Carter Wells