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Private Equity and Hedge Funds

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  • The oil selloff created this buying opportunity Thursday, 26 Feb 2015 | 1:22 PM ET
    Installation of solar panels on a home in Park Ridge, Illinois.

    Some energy-linked stocks have sold off unfairly, presenting an excellent buying opportunity, according to a renewable investing expert.

  • Feb 26- Women's apparel retailer Chico's FAS Inc said it would shut about 120 stores by 2017, two days after the Wall Street Journal reported that private equity firm Sycamore Partners had dropped its attempt to buy the struggling company. The Fort Myers, Florida- based company operates 1,547 stores in the United States and Canada, selling private-label...

  • *Porsche still faces other damage claims in Germany. Two dozen hedge funds, including Viking Global Investors, Glenhill Capital and Greenlight Capital, a year ago accused investment company Porsche SE of camouflaging a plan to acquire Volkswagen and secretly piling up a holding in Europe's largest automaker during 2008.. The case combining 1.36 billion...

  • Sears 4Q loss narrows, sales slide as business shifts Thursday, 26 Feb 2015 | 6:42 AM ET

    NEW YORK— Sears recorded its fourth straight year of falling profit and revenue, even as cost cutting and store closures helped narrow its loss for the fourth quarter. Lampert, a billionaire hedge fund manager, combined Sears and Kmart in 2005, about two years after he helped bring Kmart out of bankruptcy. To try to get back on track, Sears has shifted its focus from...

  • Sears posts 11th straight quarterly loss Thursday, 26 Feb 2015 | 6:13 AM ET

    Feb 26- Sears Holdings Corp, owner of Sears department stores and the Kmart discount chain, reported its 11th straight quarterly loss as sales continued to tumble. The net loss attributable to Sears narrowed to $159 million, or $1.50 per share, in the quarter ended Jan. 31, from $358 million, or $3.37 per share, a year earlier. Sears, controlled by hedge fund manager...

  • "On balance it's our view that we consider the lawsuit, or the appeal, to be unpromising for several reasons," Gerhard Ruf, judge at the higher regional court in Stuttgart, said on Thursday ahead of a hearing of the case. Two dozen hedge funds, including Viking Global Investors, Glenhill Capital and Greenlight Capital, a year ago accused investment company Porsche SE...

  • WILMINGTON, Del., Feb 25- RadioShack Corp got approval on Wednesday from a U.S. Bankruptcy Court judge to auction about 2,000 stores with an initial $200 million bid from the Standard General hedge fund. Wednesday's hearing was the first time the bankrupt company has put an estimated value on the sale agreement with Standard General, which will keep about half of...

  • NEW YORK, Feb 25- A former hedge fund manager who provided evidence for dozens of insider trading convictions, including that of Galleon Group hedge fund founder Raj Rajaratnam, avoided prison on Wednesday at his sentencing in Manhattan federal court. Thomas Hardin, who previously ran Lanexa Management LLC, pleaded guilty in 2010 to conspiracy and securities...

  • WILMINGTON, Del., Feb 25- RadioShack Corp's sale of about 2,000 stores to a hedge fund is worth $200 million, an advisor to the electronics retailer told a U.S. Bankruptcy Court on Wednesday. This was the first time the bankrupt company has put an estimated value on the sale agreement with Standard General, which will keep about half of RadioShack's stores open and...

  • *Terra Firma's Hands puts up over 500 mln euros of own money. *Dry powder hit record $1.2 trillion in 2014. Last year alone, funds including Hellman and Friedman, Permira and Bain Capital raised around $422 billion, according to Thomson Reuters data.

  • Feb 24- Technology consultant Computer Sciences Corp drew buyout interest from French consulting company Cap Gemini SA and private equity firm Carlyle Group LP, according to people familiar with the matter. Talks between CSC and the consortium of Cap Gemini and Carlyle started late last year but have since fizzled, the sources said on Tuesday.

  • Hedge fund: 'Distressed cycle' for energy coming Tuesday, 24 Feb 2015 | 3:32 PM ET
    David Warren, DW Investment Management

    Another big hedge fund manager is getting ready to make money on the crash in energy prices.

  • Feb 24- Technology consultant Computer Sciences Corp has drawn buyout interest from French consulting company Cap Gemini SA and private equity firm Carlyle Group LP, according to people familiar with the matter. CSC, which has a market capitalization of around $10 billion, is now working with Royal Bank of Canada as it reviews its options, the people said.

  • NEW YORK, Feb 24- A former analyst for hedge fund Two Sigma Investments pleaded guilty in New York state court on Tuesday to stealing proprietary trading models from his employer. "Computer source codes and proprietary trading methods are often the lifeblood of a company's business model, and stealing them is a crime," Manhattan District Attorney Cyrus Vance...

  • New oil rush? Private equity starts buying energy Tuesday, 24 Feb 2015 | 1:27 PM ET
    A worker pauses while drilling for oil on a derrick in the Bakken shale formation outside Watford City, North Dakota.

    Private equity companies are looking in to oil, according to execs at Berlin PE meeting.

  • *Energy sector the talk of Berlin private equity meeting. By Arno Schuetze and Freya Berry. BERLIN, Feb 24- Earning $7 on the dollar is any investor's dream.

  • Wall Street to companies: Get off your cash! Tuesday, 24 Feb 2015 | 10:18 AM ET

    Wall Street has a message for CEOs: Start spending all that cash, and not on what the activists want.

  • LONDON, Feb 24- Assets managed by activist hedge funds have surged six-fold in the last 10 years to $120 billion, according to a study released on Tuesday, showing the rise in popularity of some of the most vocal investors. The study by the Alternative Investment Management Association found activist hedge funds on average hold a stock for about two years,...

  • Feb 23- Hedge fund Jana Partners LLC disclosed a 5.9 percent stake in Computer Sciences Corp and said it would continue talks with the IT services company about strategic alternatives and board composition. Computer Sciences stock closed up 7 percent on Monday, valuing the company at about $10 billion. The company had been in talks with private equity firms...

  • BOSTON, Feb 23- Activist hedge fund Barington Capital Group on Monday nominated its own chief executive and another candidate as independent directors for The Eastern Co, hoping to boost the value of its 5.2 percent stake in the manufacturing and industrial company. On Monday Barington nominated its founder James Mitarotonda, who currently sits on three...