早上简介：Corvex回应Energen的法律战略

Corvex Management’s Keith Meister fired off a划线信to the board of directors of Energen Corporation after the company rejected his request that the oil and gas exploration and production add several directors to its board. Last month, the activist hedge fund manager, who boosted his stake to 10.1 percent, said if he was unable to reach an agreement, he would call a special meeting of shareholders so they can approve an expansion of the size of the board to 15 and Corvex would propose its own nominees to fill the vacancies. Corvex said under Alabama law it can propose a special meeting if it owns at least 10 percent of the shares. In June Meister called on the company to put itself up for sale. Last week, Energen said in aregulatory filing在阿拉巴马州法律法下，雕刻群岛不允许为这些目的致电股东特别会议。

So on September 12 Energen sued in an Alabama Circuit Court. “It is important for this issue to be resolved in order for Energen to determine how to proceed without taking or permitting actions inconsistent with law and Energen’s governing documents,” it stated in the filing. It stressed that all but one of its nine directors are independent. It also said it expects to have further discussions with Corvex.

“你的行为说出卷;您试图躲在法院后面，而不是欢迎股东参与，而是在迎接Energen的提交的信中，“梅斯特别在他的信中。“我们相信这一诉讼的主要目标是过度排除 - 或至少延迟 - 您的股东以与贵公司所有者符合其利益的方式投票的终极投票权。”MEISTER还提醒了董事会，在六月历报呼吁公司聘请银行“认真探索战略替代品”，并与顶级股东会面，以获得对公司可用的各种替代品的价值的看法。

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Daniel Gwak of Point72 Ventures led the $25 million Series Afundingof Fauna, which markets the FaunaDB adaptive operational database. The company was created by software engineers from Twitter. Point72 Ventures is a venture capital operation funded by Steven Cohen and eligible employees of his family office, Point72 Asset Management.

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Citadel continues to build out its new Fundamental Strategies investment unit. The group, which focuses on opportunistic investment ideas across the capital structure, earlier this year brought in Eric Felder from Magnetar to head up the unit. According toBusinessInsider, it has hired three individuals for the team, which is expected to top out at 20 to 25 investment professionals. The three are Michael Doniger, who serves as director of research; Neel Gupta, who is an equities portfolio manager; and Jeff Psaki, who is expected to join Citadel later this year heading up the strategy’s credit area.

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Another hedge fund has become a victim of the multi-year macro malaise. High Hendry is shutting down his 15-year-old firm, Eclectica Asset Management, according toBloomberg. The Glasgow, Scotland native’s Eclectica fund was down 9.4 percent for the year through August after losing 4 percent last year, according to the report. The fund managed a mere $30.6 million, while Eclectica’s macro strategy managed just $116 million.

“It’s a function of economics,” Hendry told Bloomberg in an interview on Friday. “The costs of running a hedge fund today, both regulatory and with other commercial considerations, were just too great. But I died in active combat.” Addressing the difficulty navigating various markets that macro investors operate in, the manager added, “The last three months were harrowing. To my great, great, great horror, I became deeply correlated to the travails of President Trump’s presidency and of course these geopolitical events, which were sparked off in the Korean peninsula.”