Private Equity and Hedge Funds
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FBI agents have arrested research analyst John Kinnucan at his Oregon home on Thursday evening, and is being detained overnight.
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If you think that private equity fund managers are under-taxed because carried interest is considered a capital gain rather than income, you should probably also advocate higher taxes for the founders of companies.
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Continued worries over Europe's debt crisis has pumped fear into the stock market, keeping investors on the sidelines. "Because everyone is afraid to invest, stocks are at their lowest level in my lifetime," said Ron Baron, Chairman and CEO of Baron Capital.
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A group of private exchanges has popped up in recent years to accommodate a fast-growing trading market in the private shares of the Internet companies like Twitter and LinkedIn. Facebook has driven much of this growth, emerging as the most actively traded private company by a wide margin, the New York Times reports.
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Investigators have determined what happened to nearly all of the customer money that disappeared from MF Global around the time of its bankruptcy last Oct. 31, but have not publicly disclosed their progress, fearing that doing so might cripple efforts to recover the cash and pursue potential wrongdoing, the New York Times reports.
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I've often referred to Democratic threats to eliminate the capital gains treatment of carried interest as a shakedown. Now Mother Jones shows just how lucrative that has been for the political class.
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Hedge funds have mostly been exonerated in the typical narrative of the financial crises, which concentrates blame on some combination of mortgage lenders, investment banks and government agencies.
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Hedge funds that in the last month or so have purchased an estimated 4 billion euros ($5.2 billion) of beaten down Greek bonds that mature on March 20 are now trying to unload their positions, according to brokers and traders. The New York Times reports.
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Private equity has proved better at enriching its own managers than producing investment profits for U.S. pension funds over the past decade, according to a new study. The Financial Times reports.
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Last year was a tough one for hedge funds. A majority of funds lost money - but not all, apparently.
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The three hedge fund executives federal authorities arrested Wednesday have something in common: SAC Capital.
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Before Europe’s debt crisis flared anew last summer, corporate cash piles and cheap debt had fostered hopes that deal-making would recover strongly. The New York Times reports.
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While 2011 has been a tough year for hedge fund investors, with a new trading year just a few sessions away, investors are looking for a new set of investment ideas for 2012. TheStreet.com analyzes stocks that hedge funds are buying right now.
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San Francisco’s Warren Hellman, a pioneer of private equity and co-founder of Hellman & Friedman, died on Sunday night. A man who came from wealth and gave much of it away, Hellman did not take himself too seriously.
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Mitt Romney’s experience at Bain Capital is being searched by his critics for ammunition in the presidential campaign, and by others for clues as to how he would perform as president, the New York Times reports.
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In an “open letter” that whizzed around Wall Street inboxes, Leon Cooperman argued that President Obama employs a “divisive, polarizing tone,” the New York Times reports.
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When the story broke it seemed like a cruel irony — a trio of wealth managers had won $254.2 million in the Powerball lottery. Now, their story is being called into question.
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Hedge fund legend John Paulson apologized to investors for what he is calling a year that has been “the worst in the firm’s 17 year history.”
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With the poor job market and uncertain recovery, hundreds of thousands of Americans have put off moving out on their own — and that's depriving the economy of a lot of activity. The New York Times reports.
