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Private Equity and Hedge Funds

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  • Stora Enso sells German paper mill to Perusa Partners Saturday, 13 Dec 2014 | 9:35 AM ET

    STOCKHOLM, Dec 13- Finnish paper manufacturer Stora Enso said on Saturday it was selling a loss-making speciality fine paper mill in Germany to a company mainly owned by the private equity fund Perusa Partners Fund 2 for about 7 million euros. Stora Enso will record a loss of 30 million euros, which will show as a non-recurring item in the 2014 fourth-quarter...

  • Berkshire Hathaway acquiring Charter Brokerage Friday, 12 Dec 2014 | 5:29 PM ET

    Warren Buffett's firm Berkshire Hathaway says it is acquiring logistics company Charter Brokerage from private equity firm Arsenal Capital Partners. Berkshire Hathaway Inc. owns companies in industries including utilities and energy, freight rail transportation and insurance. Class B shares of Omaha, Nebraska- based Berkshire fell 2.4 percent to close...

  • LONDON, Dec 12- The acrimonious divorce of Britain's most generous philanthropists, hedge fund billionaire Christopher Hohn and his estranged wife Jamie Cooper-Hohn, could lead to a split of one of the largest private charities in the world. "I am aware... that there have been discussions about the possibility of diverting funds from the UK Foundation into the U.S....

  • Hedge funds fail, but not as fast as feared Friday, 12 Dec 2014 | 12:37 PM ET

    Hedge funds are continuing to shut down, but the pace of failures isn't quite as bad as feared.

  • Irish plane leasing firm Avolon's IPO priced at $20/shr Thursday, 11 Dec 2014 | 6:19 PM ET

    Dec 11- The initial public offering of Ireland's Avolon Holdings $20 per share, an underwriter said, valuing at $1.6 billion the world's ninth-largest aircraft leasing firm by assets. Selling stockholders, including private equity firms Cinven Ltd, CVC Capital Partners Ltd and Oak Hill Capital Partners and the Singapore government, are selling all the shares,...

  • BOSTON, Dec 11- Fewer hedge funds opened in the third quarter of 2014 than in any other quarter in a year, according to data released on Thursday by industry research firm Hedge Fund Research. Assets managed by the industry reached a record $2.82 trillion at the end of third quarter, HFR said. Earlier this year, Herb Wagner launched Finepoint Capital after leaving...

  • Schwarzman: Energy a 'wonderful' opportunity Thursday, 11 Dec 2014 | 3:56 PM ET
    Stephen Schwarzman

    The head of private equity giant Blackstone spoke at the DealBook Conference in New York Thursday.

  • Paul Singer: The 'unfair' recovery is Fed's fault Thursday, 11 Dec 2014 | 1:59 PM ET
    Founder and President, Elliot Management Corporation Paul Singer speaks onstage during The New York Times DealBook Conference at One World Trade Center on December 11, 2014 in New York City.

    Hedge fund manager Paul Singer spoke at the DealBook Conference in New York Thursday.

  • Dalio: It’s a good environment, but... Thursday, 11 Dec 2014 | 12:25 PM ET
    Chairman and Co-CIO, Bridgewater Associates Ray Dalio speaks onstage during The New York Times DealBook Conference at One World Trade Center on December 11, 2014 in New York City.

    Bridgewater's Ray Dalio thinks the economy is good for now, but there could be trouble ahead.

  • Starboard buys stakes in Staples, Office Depot Thursday, 11 Dec 2014 | 11:24 AM ET

    NEW YORK— Starboard Value, a New York- based activist hedge fund, said it bought a stake in office supplies retailer Staples and increased its stake in rival Office Depot. Shares of Staples and Office Depot rose sharply Thursday morning. Starboard said it bought a 5.1 percent stake in Staples and increased its stake in Office Depot to 9.9 percent from 8.6 percent.

  • New York advisory firm charged with defrauding investors Wednesday, 10 Dec 2014 | 4:54 PM ET

    Dec 10- U.S. federal regulators charged a New York- based investment advisory firm and two co-owners with misleading clients into investing in a risky hedge fund. The Securities and Exchange Commission accused that Timothy Dembski and Walter Grenda of Reliance Financial Advisors misled clients who were retired or nearing retirement and living on fixed...

  • NEW YORK, Dec 10- A U.S. appeals court dealt federal prosecutors a blow in their crackdown on insider trading on Wall Street on Wednesday, overturning the convictions of two former hedge fund managers charged with making illegal trades in technology stocks. The 2nd U.S. Circuit Court of Appeals in New York said prosecutors presented insufficient evidence to...

  • Headhunter stock slides 24% on sex bias complaint Wednesday, 10 Dec 2014 | 9:25 AM ET
    A NASDAQ sign welcoming CTPartners to the exchange in 2012.

    Executive search firm CTPartners is fighting back against a sexual discrimination complaint that has moved its stock down by 24 percent.

  • Liberty to buy Puerto Rican cable company Choice Wednesday, 10 Dec 2014 | 8:19 AM ET

    NEW YORK— Liberty Global will expand operations in Puerto Rico through the acquisition of the country's second-largest cable operator, Choice Cable TV. Liberty said Wednesday that it is teaming up with the private equity firm Searchlight Capital Partners to buy Choice and its parent company, Puerto Rico Cable Acquisition Company Inc., for about $272.5...

  • As oil falls, here's where the big money is going Tuesday, 9 Dec 2014 | 2:07 PM ET
    An oil drilling rig in North Dakota

    Hedge funds that invest in energy think the price of oil will continue to fall but some still see opportunity in related companies.

  • NEW YORK, Dec 9- Phibro, the storied energy trading firm run by famed oil investor Andrew Hall, is said to be shutting down, with Hall focusing on his multibillion-dollar hedge fund, according to sources and reports on Tuesday. Westport, Connecticut- based Phibro, owned by Occidental Corp, is set to "close shop," according to two market sources who were told of the closure.

  • Wall Street raises $26M for charity...in one night Tuesday, 9 Dec 2014 | 11:46 AM ET
    (left to right) Jacques (Jack) Brand, CEO, Deutsche Bank North America, and the Gustave L. Levy Award recipient; John Paulson, president, Paulson & Co. Inc.; Brett H. Barth, managing partner, BBR Partners, LLC, and the Alan C. Greenberg Young Leadership Award recipient; and Robert S. Kapito, president, BlackRock, and chair, UJA-Federation of New York’s Wall Street & Financial Services Division.

    The New York financial community raised more than $26 million for Jewish causes in one of the single largest charity events of the year.

  • BlackRock Inc, the world's largest asset manager, and Manning& Napier are among the managers that use strategies such as shorting stocks and trading derivatives in their target-date funds. J.P. Morgan Asset Management and Voya Investment Management are considering adding similar strategies, executives told Reuters. About 41 percent of 401 plan...

  • Blackstone's Wien: 'Favorable trends' in 2015 Monday, 8 Dec 2014 | 10:38 AM ET
    Byron Wien

    Blackstone Group economic prognosticator Byron Wien thinks there's plenty of reason for optimism in 2015.

  • "The appetite among private equity firms for these assets tends to be greater because there is less payer reimbursement risk and the growth opportunities are so great," said James Clark, a managing director at investment bank Harris Williams& Co.. The latest wave of investors includes Goldman Sachs Group Inc's private equity arm, which gave tens of millions of...