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Private Equity and Hedge Funds

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  • Citadel's Kenneth Griffin, who launched his trading career from his Harvard dormitory in the 1980 s, topped the list with $1.3 billion, according to Institutional Investors' Alpha's 14th annual rankings. Renaissance Technologies founder James Simons came in second with $1.2 billion, and Bridgewater Associates' Ray Dalio placed third with $1.1 billion.

  • Warren Buffett to auction another charity lunch Tuesday, 5 May 2015 | 11:25 AM ET

    May 5- Billionaire investor Warren Buffett has once again agreed to have lunch this year with the winner of an auction to benefit a San Francisco charity. Past auctions have raised about $17.8 million, including a record $3,456,789 from an anonymous bidder in 2012. Last year's winner, Andy Chua of Singapore, bid $2,166,766. Other winners have included hedge fund...

  • UPDATE 2-Och-Ziff forecasts rise in legal expenses Tuesday, 5 May 2015 | 10:37 AM ET

    May 5- Hedge fund Och-Ziff Capital Management Group LLC said it expects legal expenses to rise in the current quarter, after reporting a rise in revenue, driven by higher incentive income and management fees. Legal expenses would affect Och-Ziff's second-quarter earnings and dividends, RBC Capital Markets analyst Bulent Ozcan said. Increased expenses due to...

  • HONG KONG, May 5- Private equity firm Warburg Pincus LLC led a group of investors putting $100 million into eDaijia, which provides services in China similar to online ride-hailing service Uber. Other investors in the financing round included venture capital firms Matrix Partners and Lightspeed China Partners, which had previously invested in eDaijia,...

  • Big money managers clash on climate change Tuesday, 5 May 2015 | 10:35 AM ET
    Dry cracked earth is visible near an almond orchard on April 24, 2015 in Firebaugh, California.

    Managers of institutional funds from California, Texas and North Carolina have very different views on global warming.

  • May 5- Hedge fund Och-Ziff Capital Management Group LLC reported a rise in quarterly revenue, helped by higher incentive income and management fees. Incentive income jumped 9.6 percent to $57.1 million in the first quarter ended March 31 from a year earlier, said Och-Ziff, one of only a handful of publicly traded hedge fund companies. Management fees rose 4.5...

  • Och-Ziff quarterly revenue rises 16.6 pct Tuesday, 5 May 2015 | 7:39 AM ET

    May 5- Hedge fund Och-Ziff Capital Management Group LLC reported a rise in quarterly revenue, helped by higher incentive income and management fees. Adjusted distributable earnings per Class A share fell less than 1 percent to $126.7 million from a year ago. Earnings per share was flat at 25 cents per share.

  • Citadel's Kenneth Griffin, who launched his trading career from his Harvard dormitory in the 1980 s, topped the list with $1.3 billion, according to Institutional Investors' Alpha's 14th annual rankings. Renaissance Technologies founder James Simons came in second with $1.2 billion, and Bridgewater Associates' Ray Dalio placed third with $1.1 billion.

  • NEW YORK, May 4- Not all investors agree with hedge fund manager David Einhorn's take on Pioneer Natural Resources' Co, which he described as "A business that burns cash and doesn't grow, isn't worth anything." "He is right if oil prices remain under $60; he is dead wrong if prices go beyond $75," said Fadel Gheit, an analyst at Oppenheimer& Co.. Because oil markets may be...

  • NEW YORK, May 4- Billionaire hedge fund manager David Einhorn, who often moves a stock simply by speaking its name, on Monday kicked off the year's most prominent investment conference by laying out a case against oil frackers, arguing these companies drill "lots and lots of holes" and burn through plenty of cash. Einhorn, who often unveils so-called short-bets...

  • NEW YORK, May 4- Billionaire hedge fund manager David Einhorn kicked off the 20th annual Sohn Investment Conference in New York on Monday by laying out his case against oil frackers, arguing that these companies drill "lots and lots of holes" and burn through plenty of cash. Activist investor Barry Rosenstein discussed two investment ideas that were already well...

  • NEW YORK, May 4- The annual Sohn Investment Conference in New York City kicked off on Monday, drawing thousands of portfolio managers, asset allocators and private investors. Alliance, QCOM.O value in WBA;. shares, says stock "a great way to play the urbanization and growth of the middle class in China".

  • LinkedIn and Yum Brands are big market movers Friday, 1 May 2015 | 4:37 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:. LinkedIn Corp., down $46.92 to $205.21. Daniel Loeb's Third Point hedge fund says it has taken a stake in the parent of KFC, Taco Bell and Pizza Hut and thinks it could soon recover from years of trouble in China.

  • The company's owner, private equity firm Apollo Global Management LLC, has held talks with investment banks about the IPO, though their underwriter roles will not be finalized before the summer, four people said this week. It competes with Pearson Plc and Cengage Learning Inc, and, like its peers, has sought to make most of its offerings available on the Internet as...

  • April 30- DuPont criticized Glass Lewis for backing activist investor Nelson Peltz's demand for a board seat, saying the proxy advisory firm had reached the "wrong conclusion". Glass Lewis's statement comes days after ISS also recommended board seats for Peltz and John Myers, who has been nominated by the investor's hedge fund Trian Fund Management LP.

  • Watch for these bubbles, pros at Milken warn Wednesday, 29 Apr 2015 | 2:12 PM ET

    Investors should be wary of bubbles in several crowded trades in today's market, according to large investment managers at Milken.

  • EXCLUSIVE-HEDGE FUND MANGROVE PARTNERS IS PUSHING ATLANTIC POWER TO RETURN CASH TO SHAREHOLDERS- SOURCES.

  • TORONTO/ NEW YORK, April 29- Hedge fund Mangrove Partners is urging Atlantic Power Corp to return cash to shareholders and could push for a possible sale or break-up of the company, according to two sources with knowledge of the situation. One of the sources said the New York- based hedge fund wants Atlantic to pay a special dividend of $300 million, or about $2.50 per...

  • JERUSALEM, April 29- Israel's planned sale of one of its largest defense contractors has received interest from more than 20 Israeli and foreign entities, the country's privatization chief said on Wednesday. Ori Yogev, head of Israel's Government Companies Authority, said most of the interest had come from foreign firms and the state would launch a roadshow in...

  • Tropicana Las Vegas hotel and casino to be sold for $360M Wednesday, 29 Apr 2015 | 8:51 AM ET

    LAS VEGAS— Penn National Gaming spent years shopping for a Vegas Strip property and it has finally found one. The company announced Wednesday that it is buying the 58- year-old Tropicana Las Vegas, paying $360 million to shareholders including private equity firm Onex Corp.. Onex spent the past four years giving the Tropicana a $200 million face-lift after...