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Private Equity and Hedge Funds

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  • TRENTON, N.J.— The board that oversees New Jersey's nearly $80 billion public pension fund is moving ahead with an investment of up to $100 million in a private equity firm whose chairman gave millions to a political group once headed by Gov. The State Investment Council decided Wednesday to invest money with Denver- based KSL Capital Partners, whose chairman,...

  • Heinz Co, backed by Warren Buffett's Berkshire Hathaway Inc and Brazilian private equity firm 3 G Capital, will combine with Kraft Foods Group Inc to create the third-largest North American food company, executives said on Wednesday. The deal deepens Buffett's hold on leading U.S. food brands, as well as that of 3 G founder Jorge Paulo Lemann, Brazil's richest man.

  • RadioShack lender asks judge to intervene in auction Wednesday, 25 Mar 2015 | 1:35 PM ET

    March 25- A RadioShack Corp lender asked a U.S. Bankruptcy Court judge to intervene in the auction of the electronics retailer and said it had submitted a bid to liquidate the chain that was "materially superior" to one favored by RadioShack. The lender said, however, that RadioShack favored a proposal from hedge fund Standard General, even though its bid included...

  • Shadow banking morphs and grows, confounding authority Wednesday, 25 Mar 2015 | 1:31 PM ET

    LONDON, March 25- Authorities are nowhere near to fully understanding "shadow banking" as the $75 trillion sector morphs and grows under the influence of new technology and regulation, a top markets supervisor said on Wednesday. Shadow banking refers to the supply of credit outside traditional banks, such as from private equity investors, money market funds,...

  • Here are the billionaire hedge fund babies of 2014 Wednesday, 25 Mar 2015 | 10:36 AM ET
    David Siegel, co-founder of Two Sigma.

    Investors put more money into new hedge funds in 2014 than any year since 2004.

  • March 25- Kraft Foods Group Inc, the maker of Velveeta cheese and Oscar Mayer meats, will merge with ketchup maker H.J. Heinz Co, owned by 3 G Capital and Berkshire Hathaway Inc, to form North America's third-largest food and beverage company. Brazilian private equity firm 3 G Capital and Warren Buffett's Berkshire Hathaway acquired Heinz for $23.2 billion in...

  • March 24- Kraft Foods Group Inc, maker of Velveeta cheese and Oscar Mayer meats, is in talks to be acquired by Brazilian private equity firm 3 G Capital, a source familiar with the matter told Reuters on Tuesday. 3 G teamed up with Warren Buffett's Berkshire Hathaway Inc to acquire Ketchup maker H.J. The Wall Street Journal first reported on the possible deal and said...

  • March 24- Private equity firm 3 G Capital is in talks to acquire Kraft Foods Group Inc, a source familiar with the matter told Reuters on Tuesday. Based on Tuesday's close at $61.32, Kraft had a market capitalization of $36.06 billion. The company had 588.13 million shares outstanding as of March 2, according to Thomson Reuters data.

  • March 24- Private equity firm 3 G Capital is in talks to acquire Kraft Foods Group Inc, Wall Street Journal reported on Tuesday, citing people familiar with the matter.

  • Standard General raises bid for bankrupt RadioShack Tuesday, 24 Mar 2015 | 6:20 PM ET
    A customer leaves a RadioShack store in San Francisco and a Sprint store is shown in Fort Lauderdale, Fla.

    Hedge fund Standard General is said to have raised its bid to buy about 1,740 stores of bankrupt electronics retailer RadioShack at auction.

  • Fed official Stein heads to hedge fund Tuesday, 24 Mar 2015 | 12:27 PM ET
    Jeremy Stein, a former governor of the Federal Reserve.

    Another former senior government official has signed up to be a paid advisor to a multibillion-dollar hedge fund firm.

  • March 24- Private equity firm Quantum Energy Partners will invest up to $1 billion in a new entity for acquisition and development of oil and gas assets that will be managed by Linn Energy LLC. The new entity's debt-raising capacity, combined with any stake purchases by Linn, could give it the potential to fund more than $2.5 billion of acquisitions and asset...

  • March 24- Private equity firm Quantum Energy Partners said it would invest up to $1 billion in a new entity to buy and develop oil and gas assets that would be managed by Linn Energy LLC.

  • How the smart money is set up for a Fed rate hike Monday, 23 Mar 2015 | 3:18 PM ET
    A teller displays $100 dollar U.S. notes at a money exchange in Jakarta, Indonesia.

    The so-called smart money is focused on currencies over bonds in anticipation of the Fed's long-awaited interest rate increase.

  • March 23- Tenet Healthcare Corp on Monday said it would become the largest U.S. provider of outpatient surgery services through a joint venture with United Surgical Partners International and expects to fully own the company within five years. Tenet, the third-largest U.S. hospital operator, said it will pay $425 million to private equity firm Welsh, Carson,...

  • NEW YORK, March 23- Health insurer Humana Inc said on Monday that it would sell its Concentra urgent care and physical therapy services unit for about $1 billion to private equity firm Welsh, Carson, Anderson& Stowe and Select Medical Holdings Corp.. Humana, which focuses on providing Medicare Advantage plans to older people, has been reviewing its assets for...

  • Humana to sell Concentra for $1 billion Monday, 23 Mar 2015 | 9:17 AM ET

    NEW YORK, March 23- Health insurer Humana Inc said on Monday that it would sell its Concentra urgent care and physical therapy services unit for about $1 billion to private equity firm Welsh, Carson, Anderson& Stowe and Select Medical Holdings Corp.. Humana, which focuses on providing Medicare Advantage plans to older people, has been reviewing its assets.

  • LONDON, March 23- Hedge funds have turned super-bearish about U.S. oil prices as concerns about running out of storage trump the drop in the number of rigs drilling new wells. Money managers had amassed a record number of short positions in futures and options contracts linked to WTI by the end of March 17, equivalent to 209 million barrels of oil, according to the...

  • March 23- Hospital operator Tenet Healthcare Corp said it would form a joint venture with United Surgical Partners International in a cash and debt transaction valued at $1.93 billion to be the largest provider of ambulatory surgery in the United States. Dallas- based USPI is controlled by private equity firm Welsh, Carson, Anderson& Stowe.

  • Chinese property developer Kaisa Group, illustrates the challenges for investors holding uninsured corporate debt: Kaisa is trying to restructure 48 billion yuan of debt and is mired in crisis after the local government in its home base of Shenzhen blocked sales at some of its projects last year, leaving investors shell-shocked. A debt restructuring plan...