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Private Equity and Hedge Funds

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  • NEW YORK, Dec 19- American Securities LLC has bought a majority stake in Frontier Spinning Mills Holding Corp, the second-largest U.S. yarn producer, taking advantage of low energy costs and booming yarn exports to China.

  • Dec 19- U.S.-based Dealertrack Technologies Inc said it will buy automotive website Dealer.com from private equity firm Apax Partners in a deal valued at about $1 billion. Dealertrack will pay London- based Apax, one of the oldest private equity firms, about $620 million in cash and 8.7 million shares of its common shares.

  • Neuberger Berman starts second alternative mutual fund Thursday, 19 Dec 2013 | 5:41 PM ET

    NEW YORK, Dec 19- Neuberger Berman Group LLC has launched its second mutual fund that employs external hedge fund managers to manage its assets, the New York- based investment firm said on Thursday.

  • Former Bush aide now top private equity lobbyist Thursday, 19 Dec 2013 | 11:54 AM ET
    Ken Mehlman

    Ken Mehlman, the public affairs chief at KKR who was previously a top Republican operative, is now the top lobbyist for the PE industry.

  • UPDATE 2-Victory for private equity in Swedish tax case Thursday, 19 Dec 2013 | 11:51 AM ET

    *Swedish court rules in favour of Nordic Capital. STOCKHOLM, Dec 19- Sweden's private equity industry won a major victory on Thursday as a court struck down an earlier tax verdict that would have meant billions of crowns in higher taxes and raised doubts about Stockholm's future as a hub for the lucrative industry.

  • Dec 19- Darden Restaurants Inc said it would spin off or sell its struggling Red Lobster chain, bowing to pressure from hedge fund Barington Capital Group, and warned that earnings would fall more than expected this year due to weak demand.

  • LONDON, Dec 19- The collapse of FX Concepts, once the world's biggest currency hedge fund, is symptomatic of the dramatic decline in a once-profitable sector that faces another tough year in 2014 at the mercy of central bank policy.

  • UPDATE 1-SAC's Steinberg found guilty of insider trading Wednesday, 18 Dec 2013 | 4:19 PM ET

    NEW YORK, Dec 18- Michael Steinberg, a top portfolio manager at Steven A. Cohen's SAC Capital Advisors hedge fund, was found guilty on Wednesday of charges that he traded on insider information. A federal jury in Manhattan found Steinberg, 41, guilty on all five counts of conspiracy and securities fraud he faced.

  • NEW YORK, Dec 18- Michael Steinberg, a top portfolio manager at Steven A. Cohen's SAC Capital Advisors hedge fund, fainted in a Manhattan federal courtroom on Wednesday as he awaited a jury's verdict in his insider trading case. District Judge Richard Sullivan, called jurors into court to read their verdict.

  • Sony home entertainment chief to leave studio in March Wednesday, 18 Dec 2013 | 2:44 PM ET

    Dec 18- David Bishop, the president of home entertainment at Sony Corp's Sony Pictures, will leave the company in March, the latest departure as the studio revamps its operations after criticism from hedge fund investor Daniel Loeb.

  • Hedge funder: Nothing will blow up the '14 markets Wednesday, 18 Dec 2013 | 11:55 AM ET

    Top U.K. hedge fund manager Sir Michael Hintze echoed consensus market forecasts in a relatively bullish 2014 outlook piece for clients.

  • Dec 18- Activist hedge fund Clinton Group said it was exploring financing options for a possible takeover of women's apparel retailer Wet Seal Inc.. Clinton Group had a 7.78 percent stake in Wet Seal as of Dec. 17, the company said in a regulatory filing on Wednesday. Wet Seal's shares rose as much as 6 percent to $2.77 on the Nasdaq in early trading.

  • Morning six-pack: what we're reading Wednesday Wednesday, 18 Dec 2013 | 9:43 AM ET
    Ben Bernanke

    Will Ben Bernanke announce a Fed taper?

  • Dec 18- Natural gas producer WPX Energy said it would add a nominee of hedge fund shareholder Taconic Capital Advisors LP to its board, a day after the company announced the sudden departure of its CEO.

  • Centerbridge abandons deal to buy LightSquared - WSJ Wednesday, 18 Dec 2013 | 1:45 AM ET

    Dec 18- Private equity firm Centerbridge Partners LP backed out of its deal to buy LightSquared Inc, amid uncertainty over when federal regulators would clear the way for the company to build out its wireless network, the Wall Street Journal reported.

  • WASHINGTON, Dec 16- A preliminary analysis of a new trove of hedge fund data has found that the industry may not be as risky as conventionally thought, a U.S. Treasury Department official said on Monday.

  • BOSTON, Dec 16- Herbalife Ltd on Monday said a new audit yielded no changes to its financial statements, sending its shares up by more than 9 percent and dealing a blow to hedge fund manager William Ackman, who is betting against the stock. Herbalife shares surged 9.4 percent to end regular trading at $74.83, up 127 percent year to date.

  • Morning six-pack: What we're reading Monday Monday, 16 Dec 2013 | 10:33 AM ET
    Federal Reserve Chairman Ben Bernanke

    There's at least one big thing for Wall Street to deal with before the Christmas holiday: the Fed.

  • No letup on risk for hedge funds this December Monday, 16 Dec 2013 | 7:02 AM ET

    Despite the chance to lock in gains, most hedge funds are standing by their bets and keeping risk on.

  • NEW YORK, Dec 13- Ikaria Inc, a specialty drug company that is seeking to sell itself for as much as $2 billion, received final bids this week from private equity firms American Securities LLC, GTCR LLC and Madison Dearborn Partners LLC, according to people familiar with the matter.

Most Popular Video

Thursday, 24 Apr 2014 | 3:25 AM ET

Mark Hawtin, investment director at GAM, says Apple's share price is "incredibly cheap".

Thursday, 24 Apr 2014 | 1:05 AM ET

Jerry Braakman, chief investment officer at First American Trust, says Apple and Facebook reported "great" results and owning technology stocks is still attractive.

Thursday, 24 Apr 2014 | 12:16 AM ET

Manpreet Gill, Senior Investment Strategist at Standard Chartered Bank, attributes the decline of Japanese shares to the lack of a TPP agreement during U.S. President Barack Obama's visit to Tokyo.