Hedge funds shop at Supervalu, sour on Apple
NEW YORK (Reuters) – Barry Rosenstein’s JANA Partners liked grocery chain Supervalu Inc in a big way in the first quarter, while Philippe Laffont’s Coatue Management lost its stomach for the company’s shares.
Regulatory filings revealed that JANA, a hedge fund with $5.5 billion in assets, picked up some 14 million shares of Supervalu in the quarter ended March 31. For Laffont’s $9.5 billion firm, however, it was a different story, as the hedge fund dumped all of its roughly 10 million shares.
Hedge funds get in and out of grocery chain Supervalu
NEW YORK, May 15 (Reuters) – Barry Rosentein’s JANA Partners
liked grocery chain Supervalu Inc in a big way in the
first quarter, while Philippe Laffont’s Coatue Management lost
its stomach for the company’s shares.
Regulatory filings on Tuesday revealed that JANA, a hedge
fund with $5.5 billion in assets, picked up some 14 million
shares of Supervalu in the quarter ended March 31. For Laffont’s
$9.5 billion firm, however, it was a different story, as the
hedge fund dumped all of its roughly 10 million shares.
Boston bombing suspect’s family struggles to find burial site
BOSTON (Reuters) – The family of suspected Boston Marathon bomber Tamerlan Tsarnaev faced a quandary Monday over where to bury his body as cemeteries across Massachusetts refused to accept it.
Tsarnaev, 26, died in a gun battle with police on April 19, four days after bombs he is believed to have set with his younger brother killed three people and injured another 264 at the marathon.
Gabrielle Giffords challenges U.S. Congress to find courage on guns
BOSTON (Reuters) – Former Arizona Congresswoman Gabrielle Giffords received the John F. Kennedy Profile in Courage Award on Sunday, asking the U.S. Congress to act more courageously on the issue of gun control.
“We all have courage inside,” Giffords, who herself survived being shot in 2011, said at the Kennedy Library in Boston. “I wish there was more courage in Congress. Sometimes it’s hard to express it.”
Rising markets draw back investors, boost U.S. fund firms
April 30 (Reuters) – Major U.S. money managers on Tuesday
reported higher quarterly profits that largely beat Wall Street
expectations after rising stock markets renewed investor
interest in higher-fee equity funds.
Franklin Resources, Invesco and Affiliated
Managers Group reported strong customer net inflows with
an increasing emphasis on stock funds, which typically carry
higher fees and profit margins.
Boston Marathon bombing suspect charged in hospital
BOSTON (Reuters) – Prosecutors charged Dzhokhar Tsarnaev for the Boston Marathon bombings in an impromptu hearing on Monday in his hospital room, accusing him of crimes that could carry the death penalty if he is convicted.
Video taken by security cameras showed the 19-year-old ethnic Chechen placing a backpack near the finish line of the race one week ago, the criminal complaint said, alleging he acted in concert with his older brother, who was killed during a shootout with police early Friday.
Suspect charged in hospital with Boston Marathon bombing
BOSTON (Reuters) – Prosecutors charged Dzhokhar Tsarnaev for the Boston Marathon bombings in an impromptu hearing on Monday in his hospital room, accusing him of crimes that could carry the death penalty if he is convicted.
Video taken by security cameras showed the 19-year-old ethnic Chechen placing a backpack near the finish line of the race one week ago, the criminal complaint said, alleging he acted in concert with his older brother, who was killed during a shootout with police early Friday.
Boston bomb suspect checked for link to 2011 murders: prosecutor
BOSTON (Reuters) – Authorities are investigating whether the Boston Marathon bombing suspect who died after a shootout with police had any connection to an unsolved triple homicide in suburban Boston in 2011, a spokeswoman for prosecutors said on Monday.
The 26-year-old Tamerlan Tsarnaev, identified by the FBI as one of two brothers suspected in last Monday’s blasts, was a close friend of one of three men who were stabbed in the neck in an apartment in Waltham, Massachusetts in September, 2011.
Police descend on house in search for Boston bombing suspect
WATERTOWN, Massachusetts (Reuters) – Police cars and armored vehicles surrounded a house in a Boston suburb on Friday where they believe the surviving suspect in the Boston Marathon bombings could be hiding out, possibly in a boat parked in the backyard, witnesses said.
The apparent break in the investigation came after a day-long manhunt for a 19-year-old ethnic Chechen suspected in Monday’s bombings. His older brother, also identified as a suspect, was killed in a shootout overnight.
FBI releases photos of two Boston bomb suspects
BOSTON, April 18 (Reuters) – Investigators released pictures
of two suspects in the Boston bombing on Thursday, seeking the
public’s help in finding two men photographed on the crowded
sidewalk before Monday’s bombs exploded near the finish line.
“Today we are enlisting the public’s help to identify the
two suspects,” Richard DesLauriers, the U.S. Federal Bureau of
Investigation’s special agent in charge in Boston, told a news
conference.

