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Private Equity and Hedge Funds

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  • UPDATE 1-Retailer Conn's says could sell itself Monday, 6 Oct 2014 | 8:43 AM ET

    Oct 6- Electronics and home appliance retailer Conn's Inc said it would consider selling itself as part of a review of strategic options. Shares of the company, which has a market capitalization of about $1.20 billion, were up 8 percent at $35.60 in premarket trading on Monday. Activist shareholder David Einhorn's Greenlight Capital Inc and hedge fund Luxor...

  • Traders work on the floor of the New York Stock Exchange.

    The big money isn't rushing to buy insurance against a crash, despite a range of products that promise to help.

  • CHICAGO, Oct 5- Sears Holdings Corp.' s deepening financial troubles have forced insurers and banks to raise the cost of guaranteeing payment to vendors, rattling the retailer's supply chain as the company heads into the key holiday season. In the past three weeks, the retailer twice has turned to its billionaire CEO Eddie Lampert's hedge fund for a cash infusion--...

  • SAO PAULO, Oct 2- Mergers and acquisitions in Brazil gained momentum in the third quarter despite rising economic and political risks, as foreign companies and private-equity firms scoured for takeover targets, hoping to tap the country's long-term potential. Companies announced $23.26 billion worth of deals in Brazil between July 1 and Sept. 30, up 76 percent...

  • TORONTO, Oct 3- Iamgold Corp said on Friday it will sell its niobium mine in Quebec to a group of companies led by private-equity investment firm Magris Resources for $500 million in cash so that it can focus on its core gold mining business. Toronto- based Magris Resources, led by former Barrick Gold Corp chief executive Aaron Regent, is one of a handful of...

  • Oct 3- A group of investors led by RadioShack Corp's largest shareholder, Standard General LP, have replaced a $585 million debt facility that had been provided to the electronics retailer by GE Capital in a move that will allow the struggling company to tap more funds, sources familiar with the matter said. The deal arranged by the hedge fund, which holds a 9.8...

  • Oct 3- Shares of Yodlee Inc, which is backed by private equity firm Warburg Pincus, rose about 45 percent in their debut, valuing the provider of software to financial companies at nearly $500 million. The company raised about $75 million after its initial public offering was priced at $12 per share, the mid-point of its expected range of $11- $13 per share.

  • Oct 3- Shares of Yodlee Inc, backed by private equity firm Warburg Pincus, rose as much as 43 percent in their debut, valuing the provider of software to financial companies at $487.4 million. The California- based company raised about $75 million after its initial public offering was priced at $12 per share, the mid point of its expected range of $11- $13 per share.

  • Oct 3- Cash-strapped electronics retailer RadioShack Corp has reached an agreement with a consortium led by its largest shareholder Standard General LP to refinance about $590 million of loans to re-stock ahead of the holiday season, Bloomberg reported, citing a person familiar with the matter. The New York- based hedge fund will lead a group of lenders to...

  • From the oil price peak in late June through a week ago, December 2014 Brent fell nearly $15 a barrel while December 2017 eased only $3 a barrel. December 2014 fell from near $103 a barrel in late June to around $91 a week ago; the 2017 contract barely budged, moving from $88.50 to $87.50 a barrel by Sept. 22. December 2014 rebounded from its lows to close at $90.

  • NEW YORK, Oct 2- Private equity firm Silver Lake Partners LP is looking to sell IPC Systems Inc, a provider of communication systems for Wall Street traders, to exit one of its longest-held investments, according to people familiar with the matter. Silver Lake, which acquired IPC from Goldman Sachs Group Inc's private equity arm in 2006 for $800 million, has hired...

  • From the oil price peak in late June through a week ago, December 2014 Brent fell nearly $15 a barrel while December 2017 eased only $3 a barrel. December 2014 fell from near $103 a barrel in late June to around $91 a week ago; the 2017 contract barely budged, moving from $88.50 to $87.50 a barrel by Sept. 22. December 2014 rebounded from its lows to close at $90.

  • NEW YORK, Oct 2- A former executive of Foundry Networks Inc was found guilty on Thursday of leaking inside information about the data-equipment maker and enabling a San Francisco hedge fund to earn millions of dollars. David Riley, Foundry's former chief information officer, was found guilty by a Manhattan federal jury of two counts of securities fraud and one...

  • NEW YORK, Oct 2- Managers of equity long/short funds cut their net exposure in September, a month during which markets pulled back on a rising dollar and questions over the timing of the Federal Reserve's next rate hike, Credit Suisse wrote in a note. The top 50 short positions within equity long-short funds returned an average of 5.9 percent through September,...

  • NEW YORK, Oct 2- Managers of equity long/short funds cut their net exposure in September, a month during which markets pulled back on a rising dollar and questions over the timing of the Federal Reserve's next rate hike, Credit Suisse wrote in a note. Short hedge funds returned an average of 5.9 percent through September, Credit Suisse wrote, on pace for 490 basis...

  • SAO PAULO, Oct 2- Mergers and acquisitions in Brazil gained momentum in the third quarter despite rising economic and political risks, as foreign companies and private-equity firms scoured for takeover targets, hoping to tap the country's long-term potential. Companies announced $23.26 billion worth of deals in Brazil between July 1 and Sept. 30, up 76 percent...

  • Oct 1- VWR Corp, a provider of laboratory supplies and services, priced its initial public offering at $21 per share, below the price range it had previously indicated, raising $536 million. VWR, backed by private equity firm Madison Dearborn Partners LLC, had said last month it expected its common stock to price between $22 and $25 per share. The company was sold by...

  • LONDON/ BOSTON, Oct 1- Goldman Sachs Group Inc has bought a 10 percent stake in hedge fund Caxton Associates, its third investment for its recently launched Petershill II fund, two sources familiar with the move said on Wednesday. Caxton and Goldman Sachs were not immediately available for comment. In addition to Caxton, Goldman Sachs has made investments with...

  • This short-sale promo is absolutely hilarious Wednesday, 1 Oct 2014 | 1:46 PM ET
    An image from a Kerrisdale Capital video on Vimeo

    A small hedge fund is hoping to make a big splash with an Ackman-style presentation on the "biggest stock promotion ... since Sino-Forest"

  • Can billionaires save the American newspaper? Wednesday, 1 Oct 2014 | 9:36 AM ET
    Jeff Bezos

    Billionaires Buffett, Bezos and Henry are hoping to save the newspaper industry through a mix of civic pride and digital innovation.