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Private Equity and Hedge Funds

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  • LONDON/ ZURICH June 4- Private equity companies CVC and KKR are considering bids for assets Holcim and Lafarge must sell to get the go-ahead for their merger, Bloomberg News reported on Wednesday.

  • June 4- Britain's Tragus Group, which runs the Cafe Rouge and Strada chains, will shed more than 260 million pounds of debt and offload up to 40 restaurants in a sweeping restructuring by its new private equity owner, the Times reported, without citing sources. The paper said Tragus planned to sell the struggling Italian chain Strada.

  • NEW YORK, June 3- American Securities LLC is in advanced talks to acquire specialty chemicals company Emerald Performance Materials LLC from private equity peer Sun Capital Partners Inc for more than $1 billion, people familiar with the matter said on Tuesday.

  • BOSTON, June 3- William Ackman's Pershing Square Capital Management flagship hedge fund rose 2.9 percent in May, bringing it to a 22.1 percent gain so far this year and putting it ahead of most rivals, according to two investors in the fund.

  • Time for investors to cash in on climate change Tuesday, 3 Jun 2014 | 1:38 PM ET

    Today, climate change-conscious investing is based less on a general desire to save the world and more about picking winners and losers.

  • NEW YORK, June 2- Private equity firms Warburg Pincus LLC and Vestar Capital Partners Inc are exploring an initial public offering of Triton Container International Ltd that could value the company at more than $6 billion, including debt, said three people familiar with the matter.

  • *Apple, Google shares weigh on Nasdaq. Industrials and material stocks were among the day's biggest gainers, while the technology sector ended lower, weighed down by big names like Apple and Google. We got a better number and the bonds are selling off, "said Rick Meckler, president of hedge fund LibertyView Capital Management in Jersey City, New Jersey.

  • NEW YORK, June 2- The rock-bottom yields on offer in the corporate bond market are putting pressure on investment returns for U.S. life insurers and driving them into riskier and less liquid investments such as private equity and infrastructure debt, insurers said.

  • June 2- Valeant Pharmaceuticals Inc on Monday prepared to take its $53.8 billion takeover bid for Allergan Inc directly to the Botox maker's shareholders in a battle that could last late into the year. The fight escalated when Valeant ally Pershing Square, a hedge fund that owns 9.7 percent of Allergan, called for a meeting to replace the company's board.

  • *TransForce says deal to add immediately to earnings. June 2- Canadian trucking company TransForce Inc said it would buy truckload company Transport America Inc from private equity firm Goldner Hawn Johnson& Morrison Inc in a $310 million deal to benefit from higher pricing in the United States.

  • June 2- Canadian trucking company TransForce Inc said it would buy truckload transport and logistics company Transport America Inc for $310 million, including debt, from private equity firm Goldner Hawn Johnson& Morrison Inc..

  • Despite lagging returns, hedge fund giants dominate Monday, 2 Jun 2014 | 7:35 AM ET

    The world's biggest hedge funds are managing more money than ever before - even while the returns they provide look less attractive.

  • June 2- Canadian trucking company TransForce Inc said it would buy truckload transport and logistics company Transport America for $310 million, including debt, from private equity firm Goldner Hawn Johnson& Morrison Inc..

  • Wanna work at a hedge fund? Go to these schools Monday, 2 Jun 2014 | 6:00 AM ET
    The Wharton School of Business at the University of Pennsylvania, Philadelphia, PA.

    A new study ranks the schools with the most alumni working at hedge, mutual and private equity funds.

  • *Majority of money held in funds worth more than $1 billion. LONDON, June 1- The world's biggest hedge funds are managing more money than ever before- even while the returns they provide look less attractive compared to those achieved by younger, smaller firms.

  • NEW YORK, May 30- The U.S. Securities and Exchange Commission suffered a loss on Friday in a long-running case against a New York hedge fund manager and two others accused of engaging in a $1.3 million insider trading scheme.

  • Laval, Quebec- based Valeant said it would pay $72 in cash- up from $58.30 on Wednesday- and 0.83 share of Valeant stock for each Allergan share. The revised, unsolicited offer was triggered by Pershing Square, the hedge fund controlled by Bill Ackman that is Allergan's biggest shareholder, agreeing to take only stock in Valeant for its Allergan shares.

  • Valeant said it would pay $72 in cash- up from $58.30 on Wednesday- and 0.83 share of Valeant stock for each Allergan share. The offer was made possible by Pershing Square, the hedge fund controlled by Bill Ackman that is Allergan's biggest shareholder, agreeing to take only stock in Valeant for its Allergan shares and receive no cash.

  • NEW YORK, May 29- A New Jersey hedge fund manager pleaded not guilty on Thursday to charges he traded on inside information about the children's clothing company Carter's Inc, according to court papers. Steven Slawson, the co-founder of Titan Capital Management, is the latest defendant to be charged in a probe centered on the Atlanta- based retailer.

  • LONDON, May 29- GlaxoSmithKline has invited private equity firms to consider making offers for a range of its older drugs sold in Western markets, according to three people with direct knowledge of the matter. Private equity firms approached by GSK include Advent International, Blackstone and KKR, the sources said, and the drugmaker is being advised by Lazard.