March 14- Traxys Group said that private equity firm Carlyle Group and affiliates of Louis M. Bacon and Traxys management had agreed to buy a majority stake in the Luxembourg commodity firm for an undisclosed sum.» Read More
NEW YORK, March 7- Famed oil bull Andy Hall's hedge fund rose nearly 8 percent in February in its biggest monthly gain in 2-1/ 2 years, boosted by a rally in crude oil that could help Occidental Petroleum's chances of selling its stake in the fund.
Big-name hedge funds like Third Point Capital, Paulson& Co, Pershing Square Capital Management, and Eton Park Capital Management have made it tougher for investors to see fund performance, using complex password-protected websites and putting in settings that forbid things like printing, forwarding, and copying and pasting.
A top financial regulator issued a warning about the rapidly growing segment of mutual funds that mimic more complicated hedge fund strategies.
March 7- U.S. medical devices maker Biomet Inc filed with U.S. regulators on Friday to raise up to $100 million in an initial public offering of its common shares as its private equity owners look to cash out. The company, which was taken private for $11.4 billion in 2007, said BofA Merrill Lynch, Goldman Sachs and J.P. Morgan were the lead underwriters to the offering.
March 7- U.S. medical devices maker Biomet Inc filed with U.S. regulators on Friday to raise up to $100 million in an initial public offering of its common shares. The company, which was taken private for $11.4 billion in 2007 by a private equity consortium, said BofA Merrill Lynch, Goldman Sachs and J.P. Morgan were the lead underwriters to the offering.
March 6- Safeway Inc, the second-largest U.S. mainstream grocery store operator, said private equity firm Cerberus Capital Management would acquire the company in a deal valued at about $9.4 billion. The offer price of $40 per share represents a premium of 1.3 percent to Safeway's Thursday closing stock price of $39.47 on the New York Stock Exchange.
NEW YORK, March 6- U.S. private equity group Carlyle said assets at its commodities hedge fund Vermillion fell by more than half in the nine months to December, suggesting investor redemptions at the fund after some negative returns.
March 6- Safeway Inc, the second-largest U.S. mainstream grocery store operator, said private equity firm Cerberus Capital Management would acquire the company in a deal valued at about $9.4 billion.
Investment firms have sharply increased the protection they buy to protect against macroeconomic shocks.
NAIROBI, March 6- Kenyan entrepreneur Ayisi Makatiani scrapped his first effort to launch a private equity fund 10 years ago because his pitch to invest in Africa couldn't raise enough cash to make it work.
SEOUL, March 6- South Korea plans to ease rules to make mergers and acquisitions easier for private equity firms and local companies in a bid to facilitate the sale of an estimated 10 trillion won in assets of cash-strapped local conglomerates.
NEW YORK, March 5- Former Goldman Sachs energy trader Jonathan Goldberg's hedge fund is up 7 percent on the year after the winter rally in U.S. oil and gas helped it recover from losses in the first four months after its launch last September, industry sources said on Wednesday.
Highlights from the billionaire activist investor's wide-ranging interview on CNBC's Squawk Box Wednesday.
HONG KONG, March 5- The volume of M&A activity in South Korea has posted its strongest start to the year since 2008, rising 18 percent to date and dominated by a spate of private equity dealmaking.
A portfolio manager at Man Group has decamped to Neuberger Berman to help expand the asset manager's growing lineup of alternative mutual funds.
Blackstone's David Blitzer weighed in on the team he co-owns and other investing topics at a conference Friday.
March 3- Apollo Global Management LLC Chief Executive Officer and co-founder Leon Black received $369.4 million in dividends and pay from his private equity and credit investment firm in 2013, up 105 percent from 2012, a regulatory filing showed on Monday.
March 3- Olive Garden owner Darden Restaurants Inc estimated third-quarter profit below analysts' expectations, blaming severe winter weather for lower sales. The company, under pressure from hedge fund Barington Capital Group, said in December that it would spin off or sell its floundering Red Lobster chain.
March 3- Tyco International Ltd, a maker of fire safety and security systems, said it would sell its South Korean security business to private equity firm Carlyle Group for $1.93 billion. Tyco on Monday also approved an additional share repurchase program of $1.75 billion, increasing the total authorization to $2 billion.
Asia's wealthy investors are increasingly interested in private equity, but they often prefer to skip the fees and partner funds instead, analysts said.