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Private Equity and Hedge Funds

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  • New oil rush? Private equity starts buying energy Tuesday, 24 Feb 2015 | 1:27 PM ET
    A worker pauses while drilling for oil on a derrick in the Bakken shale formation outside Watford City, North Dakota.

    Private equity companies are looking in to oil, according to execs at Berlin PE meeting.

  • *Energy sector the talk of Berlin private equity meeting. By Arno Schuetze and Freya Berry. BERLIN, Feb 24- Earning $7 on the dollar is any investor's dream.

  • Wall Street to companies: Get off your cash! Tuesday, 24 Feb 2015 | 10:18 AM ET

    Wall Street has a message for CEOs: Start spending all that cash, and not on what the activists want.

  • LONDON, Feb 24- Assets managed by activist hedge funds have surged six-fold in the last 10 years to $120 billion, according to a study released on Tuesday, showing the rise in popularity of some of the most vocal investors. The study by the Alternative Investment Management Association found activist hedge funds on average hold a stock for about two years,...

  • Feb 23- Hedge fund Jana Partners LLC disclosed a 5.9 percent stake in Computer Sciences Corp and said it would continue talks with the IT services company about strategic alternatives and board composition. Computer Sciences stock closed up 7 percent on Monday, valuing the company at about $10 billion. The company had been in talks with private equity firms...

  • BOSTON, Feb 23- Activist hedge fund Barington Capital Group on Monday nominated its own chief executive and another candidate as independent directors for The Eastern Co, hoping to boost the value of its 5.2 percent stake in the manufacturing and industrial company. On Monday Barington nominated its founder James Mitarotonda, who currently sits on three...

  • Watch out for this Turkish company, Jeff Bezos! Monday, 23 Feb 2015 | 11:28 AM ET
    Turkish e-commerce website Hepsiburada.com

    The Abraaj Group has taken a 25 percent stake in Turkish online retailer Hepsiburada.com in a bid to help it grow.

  • HONG KONG/ SHANGHAI, Feb 23- Foreign investors will from next week be able to short sell select mainland Chinese shares via the Hong Kong- Shanghai trading link, the latest in a series of regulatory moves to open China's markets to overseas capital. Despite the limits, traders said the new rules are likely to encourage hedge funds and other investors to use Stock...

  • Drugmaker Valeant to buy Salix for $14.5 billion Sunday, 22 Feb 2015 | 4:07 PM ET

    Salix, a maker of gastrointestinal drugs that has been courted by at least four potential suitors over the last year, has finally found a buyer.

  • Under pressure, European private equity specializes Sunday, 22 Feb 2015 | 4:25 AM ET

    Outgunned by Chinese and Middle Eastern funds and lacking U.S. rivals' breadth, European private equity is narrowing its view to specific industries.

  • Private equity fund managers, gathering in Berlin on Monday for their largest annual conference, will weigh the potential threat of deep pocketed buyers from developing economies in Asia and the Middle East. This group, which includes China's property and entertainment giant Dalian Wanda Group Co and sovereign wealth funds from Singapore, Qatar, Kuwait and...

  • Private equity fund managers, gathering in Berlin on Monday for their largest annual conference, will weigh the potential threat of deep pocketed buyers from developing economies in Asia and the Middle East. This group, which includes China's property and entertainment giant Dalian Wanda Group Co and sovereign wealth funds from Singapore, Qatar, Kuwait and...

  • UAW president: GM share buyback proposal premature Saturday, 21 Feb 2015 | 12:24 AM ET

    The UAW's president, whose union indirectly controls the largest block of General Motors shares, said a $8 billion GM stock buyback proposal is premature.

  • HLSS Servicer Advance Receivables Trust, a key funding source for Ocwen and a unit of Home Loan Servicing Solutions Ltd, was served a notice last month. Ocwen and Home Loan Servicing Solutions said on Wednesday that no other noteholders agree with BlueMountain's allegations. Ocwen shares were down about 2 percent at 9.83 in afternoon trade on the New York Stock...

  • Dan Loeb bets on future Geico of Greece Friday, 20 Feb 2015 | 1:42 PM ET
    Dan Loeb, founder and chief executive officer of Third Point.

    Dan Loeb has a new bet on a Greek recovery, insurance company Hellas Direct.

  • Feb 20- SunCoke Energy Inc's third-largest shareholder, hedge fund Jet Capital Investors LP, asked the coke producer to sell itself if it cannot show it can grow. "Execution on growth initiatives has been virtually non-existent with not a single acquisition completed in 2014," Mathew Mark, a general partner at Jet Capital, said in a letter to SunCoke's board.

  • Feb 20- Sarissa Capital Management LP kicked off a proxy battle with Ariad Pharmaceuticals Inc on Friday, demanding the retirement of Harvey Berger, the drugmaker's chief executive and principal founder. The hedge fund, Ariad's largest shareholder with a 6.87 percent stake, according to Thomson Reuters data, has been negotiating Berger's exit with some of...

  • MIAMI/ HAVANA, Feb 20- Hugo Cancio believes he's the new face of American-style entrepreneurship in Cuba. U.S. cable networks, private equity funds and law firms ask for Cancio's take on the thaw in relations between the United States and Cuba announced by President Obama in December. Antonio Zamora, a Miami lawyer aiming to do business in Cuba, said Cancio "is way...

  • The U.S. private equity firm owns 80 percent of Panasonic Healthcare and Panasonic Corp owns 20 percent. Panasonic Healthcare, KKR and Bayer all declined to comment. Bloomberg reported on Thursday that a sale to Panasonic Healthcare, which could be valued at between 1 billion and 2 billion euros, could be announced as soon as Friday.

  • TOKYO, Feb 20- Activist investor Daniel Loeb said Fanuc Corp's plan to boost investments was not enough to fix its "blatant capital inefficiency", stepping up calls for the Japanese industrial robot maker to reward shareholders through major buybacks. Loeb, whose hedge fund Third Point holds an undisclosed stake in Fanuc, told Reuters by email the plan to double...