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Private Equity and Hedge Funds

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  • Paul Singer: This is the new 'big short' Thursday, 28 May 2015 | 5:36 PM ET
    Paul Singer

    "Are they really taming volatility with their bond-buying, or just jamming it into a coiled spring?"

  • Biotech investors up big amid bubble talk Thursday, 28 May 2015 | 9:56 AM ET
    Biotech

    Some view skyrocketing biotech stocks as a bubble, but hedge funds are riding optimism in the sector to monster gains—for now.

  • May 28- European private equity firm Cinven said on Thursday it had agreed to buy French medical diagnostics provider Labco SA for 1.2 billion euros, marking the latest in a long line of recent healthcare deals. It comes two weeks after Labco abandoned plans for a 545- million-euro initial public offering on Euronext Paris, citing "volatility across global...

  • May 27- As General Electric Co seeks to unload most of its finance assets, it is prioritizing the sale of businesses that provide lending to U.S. and European private equity firms, and to healthcare-related businesses, GE Capital's top executive said on Wednesday. We have to get those done quickly, " Keith Sherin, chief executive of GE Capital, told an investor...

  • May 26- Jimmy John's Franchise LLC is preparing for an initial public offering that could value the popular U.S. gourmet sandwich chain at more than $2 billion, including debt, according to people familiar with the matter. Jimmy John's, which is owned by founder Jimmy John Liautaud as well as private equity firm Weston Presidio, is interviewing investment banks...

  • BOSTON, May 22- Barington Capital Group won its proxy contest by scoring two board seats at Eastern Co this week as shareholders widely backed the activist hedge fund's call to add new blood at the industrial hardware maker. Shareholders elected Barington Chief Executive Officer James Mitarotonda and Michael McManus, CEO of medical device manufacturer...

  • Private equity fund buying Cincinnati-based Frisch's Friday, 22 May 2015 | 9:07 AM ET

    Frisch's Restaurants Inc. said NRD Partners I will buy all outstanding shares for $34 each, or some $175 million. The regional chain of the Big Boy mascot and namesake two-burger sandwich owns some 95 family restaurants in Ohio, Kentucky and Indiana. Frisch's says it owns the "Big Boy" trademark in Kentucky and Indiana, and in most of Ohio and Tennessee.

  • Ouch! Hedge funders stung by Obama, Clinton barbs Friday, 22 May 2015 | 7:57 AM ET
    Hedge Clippers protest outside the 2015 Sohn Conference in New York.

    Hedge fund managers are fuming at new political rhetoric against them and their huge paydays.

  • NEW YORK/ LONDON, May 22- U.S. mining financier Oskar Lewnowski is preparing to launch a base and precious metals fund, sources say, his latest step in recreating the famed trading and investment enterprise he co-founded a decade ago, Red Kite. Two years after striking out on his own to create private equity investment firm Orion Resource Partners, the 50- year-old...

  • NEW YORK, May 21- Puerto Rico's benchmark government bonds hit their highest level in more than a month on Thursday in a 5- day rally sparked by an agreement on new revenue raising tax measures last week. Puerto Rico's general obligation bonds that carry an 8 percent coupon and expire in 2035, a $3.5 billion tranche sold mainly to hedge fund last year, hit 83 cents on...

  • Hedge funds ride China stock surge to huge profits Thursday, 21 May 2015 | 12:41 PM ET
    Investors watch a digital screen displaying the prices of China's stock market in Hangzhou, Zhejiang province of China.

    Western investors see China as a slowing giant, but local traders have used a more optimistic take to score their biggest gains in years.

  • FRANKFURT, May 21- Germany's premium carmakers Mercedes, Audi and BMW have teamed up with private equity firm General Atlantic to increase their firepower to acquire Nokia's mapping unit HERE, according to two people familiar with the matter. Finland's Nokia started a strategic review of its maps business last month, setting in motion an auction process that...

  • Acxiom selling IT operations to 2 private-equity firms Thursday, 21 May 2015 | 10:38 AM ET

    LITTLE ROCK, Ark.— Little Rock- based Acxiom Corp. said it is selling its information-technology infrastructure management operations to two private-equity firms in a potential $190 million deal. Acxiom will retain a 5 percent interest in the value of the company after the sale to Charlesbank Capital Partners and M/C Partners is finished, the Arkansas...

  • Genealogy site Ancestry.com explores sale: Sources Thursday, 21 May 2015 | 8:17 AM ET
    A detail from the ancestry.com home page

    Ancestry.com is exploring a sale that could value it at between $2.5 billion and $3 billion, including debt.

  • May 20- Ancestry.com LLC, the world's largest family history website helping users trace their heritage is exploring a sale that could value it at between $2.5 billion and $3 billion, including debt, according to people familiar with the matter. Permira Advisers LLC, the buyout firm that owns most of privately held Ancestry, has hired investment banks to run an...

  • LONDON, May 20- The European Central Bank said on Wednesday it would stop providing journalists embargoed copies of its speeches, as a storm grew over one of its top policymakers giving hedge funds a head start on market-sensitive information. On Monday, ECB Executive Board member Benoit Coeure gave a speech to an invitation-only dinner of fund managers,...

  • LONDON, May 20- The European Central Bank said on Wednesday it would stop providing journalists embargoed copies of its speeches, as a storm grew over one of its top policymakers giving hedge funds a head start on market sensitive information. ECB Executive Board member Benoit Coeure gave a speech to an invitation-only dinner of fund managers, bankers and...

  • Black: Icahn 'the brilliant investor of our age' Wednesday, 20 May 2015 | 12:47 PM ET
    Leon Black, chairman and chief executive officer of Apollo Global Management

    Carl Icahn was feted by friend and fellow billionaire Leon Black at a charity event for skin cancer.

  • May 20- Struggling department store chain Sears Canada Inc reported a smaller first-quarter loss as decline in its same-store sales was the slowest in five quarters. Sears Canada, whose largest shareholder is Sears Holdings Corp Chief Executive Eddie Lampert and his hedge fund ESL Investments Inc, said on Wednesday that its same-store sales fell 4.3 percent...

  • Staples sales dip as stores close ahead of merger attempt Wednesday, 20 May 2015 | 6:09 AM ET

    NEW YORK— Staples suffered a 36 percent decline in first-quarter earnings as businesses increasingly go digital, a shift that has compelled its attempted merger with Office Depot. Staples had been under pressure from the private equity firm Starboard Value LP to attempt to combine its business with Office Depot and earlier this year it did just that.