TORONTO, Dec 10- Bain Capital, the U.S. private equity firm, has bought a majority stake in Canada Goose Inc, a family-owned company which had been seeking an investor to help it meet demand for its high-end cold-weather gear.» Read More
LONDON, Aug 7- Europe is more attractive than the United States for private equity investments because price tags are lower and the region's weak economy has scared off many other players, buyout firm Carlyle said on Wednesday.
Aug 7- Private equity firm Carlyle Group LP said on Wednesday it returned to profitability in the second quarter versus a year ago, but less strongly than expected, as its funds appreciated in value. This translated into a second-quarter post-tax ENI per adjusted share of 39 cents, compared with an average estimate of 56 cents in a Thomson Reuters poll.
Aug 7- Private equity firm Carlyle Group LP said on Wednesday it returned to profitability in the second quarter versus a year ago as its funds swung from depreciating to appreciating in value.
The SEC said Clayton Cohn, 26, lied to investors about his trading success and the performance of his Marketaction Capital Management hedge fund, raising $1.78 million from 24 investors through his Chicago- based firm, Marketaction Advisors LLC.
Aug 6- Phil Falcone's hedge fund sued satellite TV mogul Charlie Ergen and his Dish Network Corp for $4 billion on Tuesday for an alleged loan-trading scheme aimed at stripping Falcone of his control over LightSquared Inc, a bankrupt wireless communications business.
NEW YORK, Aug 6- Hedge fund manager Daniel Loeb expects Sony Corp to lay out a specific improvement plan and set financial targets for its entertainment business before the company's annual general meeting next May, according to a source close to the hedge fund.
NEW YORK/ FRANKFURT, Aug 6- Siemens AG is hoping to fetch as much as $700 million in the auction of its water technologies unit and is seeking second-round bids by the middle of August, several people familiar with the matter said this week. Siemens and its financial adviser on the sale, Goldman Sachs Group Inc, declined to comment.
TOKYO, Aug 6- New York- based hedge fund Third Point, led by billionaire Daniel Loeb, said on Tuesday it would continue talking with Sony Corp and explore further options after the electronics maker's board rejected a proposal to partially list its entertainment arm.
*Apax, Morgan Stanley had taken Hub private for about $2 bln. Aug 5- Private equity firm Hellman& Friedman LLC has clinched a roughly $4.4 billion deal to take over Hub International Inc, Canada's largest insurance brokerage, from Apax Partners LLP, the firms said on Monday.
NEW YORK, Aug 5- It was a tough July for hedge fund manager William Ackman, whose $12 billion Pershing Square Capital Management lost 2.2 percent during the month, according to an investor. The fund got hit hard by its short position in nutritional supplements company Herbalife Ltd, which saw its share price rise more than 40 percent last month.
NEW YORK, Aug 5- William Ackman's $12 billion hedge fund, Pershing Square Capital Management, lost 2.2 percent in July, according to an investor familiar with the numbers. The fund remains up 3.8 percent year to date, according to the investor.
Aug 5- Hub International Ltd said it would be bought by funds managed by private equity firm Hellman& Friedman LLC in a deal that values the insurance brokerage at about $4.4 billion.
Encouraged by that success, KKR- which rose to prominence with its hostile $25 billion takeover of U.S. food and tobacco giant RJR Nabisco in 1989- plans to expand the niche business in China and across Asia. At least $6.6 billion is being raised by 12 funds for investment in Asia, according to Private Equity International and Thomson Reuters data.
LOS ANGELES, Aug 2- Actor-producer George Clooney criticized the growing influence of hedge fund head Daniel Loeb, a big Sony Corp shareholder who wants the conglomerate to spin off part of its entertainment division. A spokesperson at Third Point, which has a 6.9 percent stake in Sony Corp, said the company had no comment.
A trader landed a job at SAC Capital despite a warning from his previous employer, and his cooperation in a federal inquiry was said to yield evidence of insider trading.
KARACHI, Pakistan, Aug 2- With its brisk kidnap industry, dirty politics and robust murder rate, Pakistan's commercial capital Karachi is an unlikely destination for a pair of go-getting financiers fired with the follow-the-money ethos of Wall Street.
The SEC accuses Tourre of failing to tell investors that the hedge fund of billionaire John Paulson selected mortgage securities linked to a 2007 investment vehicle called Abacus 2007- AC1 and planned to short- or bet against- the deal.
The company, backed by private equity firm Apollo Global Management LLC, was worth about $5.60 billion at the highest trading price on Thursday morning. Sales of natural and organic food in the United States rose about 12 percent annually between 1997 and 2011, when the market was worth about $43 billion, according the Nutrition Business Journal.
NEW YORK, Aug 1- Fortress Investment Group on Thursday reported its profit almost tripled in the second quarter as double-digit returns in its hedge funds and a solid performance in its credit funds led to higher incentive income.
NEW YORK, July 31- For Airgas Inc founder and Chairman Peter McCausland, there was a fair amount of schadenfreude in the air on Wednesday. McCausland, 62, fought a bitter and eventually successful battle for 13 months to keep Airgas independent in the face of a hostile bid from Air Products and Chemicals Inc..