Dec 3- A former hedge-fund analyst who argued that Dendreon Corp's therapeutic vaccine for prostate cancer may hasten the death of patients has reached a settlement with U.S. securities regulators over failure to disclose her financial interests in the company.» Read More
DETROIT, Dec 4- Hedge fund Hayman Capital has taken a stake in General Motors Co and believes the U.S. automaker's stock could rise more than 40 percent over the next 12-18 months after the U.S. Treasury sells its stake in the company, Bloomberg reported on Wednesday.
DETROIT, Dec 4- Hedge fund Hayman Capital has taken a stake in General Motors Co and believes the U.S. automaker's stock is poised to rise more than 40 percent over the next 12-18 months after the U.S. Treasury finishes exiting its stake in the company, Bloomberg reported on Wednesday.
Dec 4- Private equity firm Thomas H. Lee Partners LP is in advanced talks to acquire Phillips Pet Food& Supplies in a deal that could value the pet food distribution company at more than $500 million, according to three people familiar with the matter.
LONDON, Dec 4- European private equity firm Bridgepoint has agreed to buy pre-university training provider Cambridge Education Group from Palamon Capital Partners in a deal worth 185 million pounds.
NEW YORK-- Billionaire hedge-fund manager Eddie Lampert has reduced his stake in Sears Holdings Corp. to less than half, according to a regulatory filing Tuesday.
Herbalife Ltd. said Tuesday that a Belgian court of appeals has overturned an earlier decision that found that the company was operating a pyramid scheme. The decision sent Herbalife's stock soaring nearly 7 percent. Herbalife faced this accusation in the U.S. from hedge fund manager William Ackman and in Belgium from consumer organization Test-Aankoop.
Dec 3- A former hedge-fund analyst who argued that Dendreon Corp's therapeutic vaccine for prostate cancer may hasten the death of patients has reached a settlement with U.S. securities regulators over failure to disclose her financial interests in the company.
BOSTON, Dec 3- Hedge fund manager William Ackman posted fresh gains in November even as his big short position on Herbalife lost more money, leaving his fund with double-digit returns for the year.
Kenneth Brody, the co-founder of $8.2 billion hedge fund firm Taconic Capital Advisors, plans to retire in January after nearly 15 years at the firm.
PIMCO's Bill Gross repeated his call that interest rates would remain low for at least two more years.
NEW YORK, Dec 2- SAC Capital Advisors portfolio manager Michael Steinberg deliberately avoided telling his boss Steven A. Cohen that he was trading on Dell Inc with inside information, a former analyst at the hedge fund testified on Monday.
DENVER-- Oil and gas company QEP Resources said Monday it will separate its midstream business, QEP Field Services, into a separate company. In October, activist hedge fund Jana Partners LLC disclosed a stake in QEP Resources and said that it would seek QEP's breakup, pushing the company to separate the midstream partnership from the rest of its business.
NEW YORK, Dec 2- Portfolio manager Michael Steinberg sought to warn SAC Capital Advisors founder Steven A. Cohen that he was trading in the opposite direction to bets that were based on inside information, a former analyst at the hedge fund testified Monday.
But many hedge funds are now branching out into long-only products in an effort to diversify and expand their business, putting them in direct competition with fund managers like Schroders, Standard Life and Pimco.
Harvard and Yale may help shape some of the brightest minds, but their endowment investment returns can look downright dumb.
Dec 2- Food services provider Aramark Holdings Corp said it expects to price its initial public offering at between $20 and $23 per share, valuing the company at about $5.3 billion. Aramark was taken private in 2006 for $8.3 billion by chairman Joseph Neubauer and private equity investors including GS Capital Partners, JP Morgan Partners and Warburg Pincus.
Dec 2- Hotel operator Hilton Worldwide Inc, controlled by private equity firm Blackstone Group LP, said its initial public offering would raise up to $2.37 billion, valuing the company at about $20.7 billion.
Dec 2- Hotel operator Hilton Worldwide Inc, owned by private equity firm Blackstone Group LP, said it would raise as much as $2.37 billion from an initial public offering of its shares.
US hedge fund managers are looking to introduce new investment vehicles as investors scorn low bond yields.
Nov 29- Atrium Innovations Inc said a group of investors, including European private equity firm Permira funds, would buy the dietary supplements maker for about C $751.2 million. Atrium shareholders will receive C $24 in cash per share, a nearly 23 percent premium to the stock's Thursday close on the Toronto Stock Exchange.