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Private Equity and Hedge Funds

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  • NEW YORK, Nov 19- Goldman Sachs Group Inc's metals storage unit paid Deutsche Bank, Glencore and British hedge fund Red Kite millions of dollars in incentives that helped extend wait times in the company's Detroit storage hub, a Senate report showed on Wednesday. The 400- page report by the Senate's Permanent Subcommittee on Investigations exposes details of...

  • NEW YORK, Nov 19- Goldman Sachs Group Inc's metals storage unit paid Deutsche Bank, Glencore and British hedge fund Red Kite millions of dollars in incentives that helped extend wait times in the firm's Detroit storage hub, a Senate report showed on Wednesday. The 400- page report by the Senate's Permanent Subcommittee On Investigations exposes details of...

  • Secret of the world's biggest listed hedge fund Wednesday, 19 Nov 2014 | 3:42 PM ET
    The reflection of a trader working is seen on a monitor on the floor of the New York Stock Exchange in New York.

    Man Group took in $1.2 billion in new money in the past quarter in part because of this strategy.

  • Nov 19- Hedge fund Livermore Partners is pushing for change at U.S. staffing services provider Volt Information Sciences Inc, setting the stage for a potential proxy battle if the company does not act on its demands. It also wants it to sell non-core assets and buy back stock, said David Neuhauser, Livermore's managing director. Volt's share price has...

  • LONDON, Nov 19- Computers stole a march on their human trading rivals this year and should continue to do so in 2015 as a much-heralded return to sustained volatility is unlikely to happen, an executive of Man Group, the world's biggest listed hedge fund, said. Japan and China are both easing policy and the U.S. Federal Reserve has yet to start taking money out of the...

  • SYDNEY, Nov 19- Australian explosives maker Orica Ltd said on Wednesday it had agreed to sell its chemicals business to funds advised by U.S. private equity firm Blackstone Group LP for A $750 million. Orica also reported a 2 percent increase in full-year statutory net profit to A $602.5 million, from A $592.5 million, and said that volatility and uncertainty in...

  • NEW YORK, Nov 19- Blackstone Group LP has reached out to its biggest fund investors about investing in a new investment vehicle with a longer investment horizon than the typical 10- year private equity fund, according to people familiar with the matter. Blackstone is seeking as much as $2 billion apiece from five to six of its biggest public pension fund and...

  • Paul Singer: Big pension 'off base' to ax hedgies Tuesday, 18 Nov 2014 | 10:31 AM ET
    Elliott Management founder and CEO Paul Singer speaks during the SkyBridge Alternatives conference in Las Vegas, May 9, 2012.

    Billionaire investor Paul Singer has a message for California Public Employees' Retirement System: Dumping your hedge funds makes no sense.

  • DUBAI, Nov 18- The Middle East's private equity market is trying to put its Wild West days behind it, drawing big international players for the first time since investors lost heavily when the global financial crisis hit the region. While most of the interest is focused on the stable Gulf Arab states, Western investors are still seeking risk premiums over markets...

  • Ackman has the luck of a loser, to the tune of $2.2B Tuesday, 18 Nov 2014 | 7:02 AM ET
    Bill Ackman

    Heads he wins. Tails he wins. That was the situation Bill Ackman found himself in — or perhaps more accurately, orchestrated — on Monday.

  • SAC's Martoma to begin prison term on Nov. 20 Monday, 17 Nov 2014 | 6:22 PM ET

    NEW YORK, Nov 17- Mathew Martoma, a former portfolio manager at billionaire Steven A. Cohen's hedge fund SAC Capital Advisors LP, has been ordered to begin serving his nine-year prison sentence for his insider trading conviction on Nov. 20. District Judge Paul Gardephe in Manhattan issued the order on Monday, five days after the 2nd U.S. Circuit Court of Appeals...

  • Steven Cohen's ex-wife can ask about this: Judge Monday, 17 Nov 2014 | 2:27 PM ET
    Steven A. Cohen

    Steven Cohen can face questions about insider trading at SAC Capital Advisors from lawyers representing his ex-wife in a civil lawsuit against him.

  • NEW YORK, Nov 17- Billionaire Steven A. Cohen can face questions about insider trading at his hedge fund SAC Capital Advisors from lawyers representing his ex-wife in a civil lawsuit against him, a U.S. judge said on Monday. District Judge Loretta Preska at a court hearing in Manhattan ruled that lawyers for Patricia Cohen can ask Steven Cohen during a Dec. 10...

  • Allergan deal a win for more than Ackman Monday, 17 Nov 2014 | 1:05 PM ET
    Dan Och

    Bill Ackman isn't the only hedge fund manager who likely made big money on the Allergan deal.

  • NEW YORK, Nov 17- Hedge fund Omega Advisors expects to see the U.S. stock market's bull run continue into next year, fueled by steady economic growth and a corporate takeover boom. "My expectation is for the Standard& Poor's 500 to gain 7 percent to 9 percent in 2015," Steven Einhorn, Omega's vice chairman said on Monday. Omega, founded by Leon Cooperman two decades ago...

  • LONDON, Nov 17- Hedge funds have been badly wrong-footed by the slide in oil prices over the past five months, and by trying to turn their positions around have accelerated the rout. By the middle of June, hedge funds had a net long position in WTI-linked futures and options contracts equivalent to almost 413 million barrels of crude oil, according to the U.S....

  • Nov 16- Allergan Inc is close to a buyout deal worth up to $65.5 billion by Actavis Plc, one that could end months of pursuit by Canada's Valeant Pharmaceuticals and William Ackman's hedge fund, Pershing Square Capital Management, according to a person familiar with the matter. Actavis may pay Allergan between $215 and $220 per share, with the final price likely...

  • BOSTON, Nov 14- Some of the hedge fund industry's most respected firms made bigger bets on a wide swatch of energy companies during the third quarter only to watch the stocks get pummeled by falling crude oil prices. Robert Citrone's Discovery Capital Management raised its holding in Texas oil driller Diamondback Energy by 20 percent to own 1.4 million shares...

  • NEW YORK, Nov 14- Hedge fund Paulson& Co maintained its stake in the world's biggest gold-backed exchange-traded fund, SPDR Gold Trust, in the third quarter, bolstering the confidence of bullion investors at a time when an improving U.S. economic outlook pummeled gold prices. Legendary investor George Soros, however, has sharply cut his stake in Barrick Gold Corp...

  • Nov 14- Zoetis Inc adopted a poison pill, three days after activist investor William Ackman's Pershing Square Capital Holdings revealed a stake in the animal health company. Ackman said his hedge fund had picked up an 8.5 percent stake in Zoetis, along with Sachem Head Capital, which owned 1.6 percent stake separately. Shares of Zoetis, which have gained 7 percent...