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Private Equity and Hedge Funds

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  • Canada approves Burger King-Tim Hortons takeover Thursday, 4 Dec 2014 | 4:53 PM ET

    TORONTO— Burger King Worldwide Inc.' s takeover of the Canadian coffee and doughnut shop chain Tim Hortons Inc. was approved by the Canadian government Thursday, bringing it one step closer to completion. Burger King, which is based in Miami but controlled by a Brazilian private equity fund, agreed in August to buy Tim Hortons in a friendly cash-and-stock deal...

  • NEW YORK, Dec 4- Blackstone Group LP's No. 2 executive Tony James is considering taking a role outside the world's largest alternative asset manager, including seeking a top job in a future U.S. government, according to people familiar with his thinking. The move would be the biggest change in Blackstone's leadership since co-founder and Chief Executive Stephen...

  • SYDNEY, Dec 4- Private equity firm KKR& Co has invested about $100 million in UK- based agribusiness Sundrop Farms Holding Ltd, which plans to use solar panels and sea water to grow vegetables in a vast greenhouse in Australia's driest state. The two firms aimed to develop a hub for innovative techniques for arid climate agriculture, and KKR's investment would also...

  • SAO PAULO, Dec 3- Credit Suisse Group AG plans to open a hedge fund in Brazil called Gauss next year to offer new investment alternatives for clients, such as volatility arbitrage, executives said on Wednesday. The hedge fund, named after "the prince of mathematicians" Carl Gauss, will be managed by Fabio Okumura, former head of proprietary trading at Itaú Unibanco...

  • SAO PAULO, Dec 3- Credit Suisse Group AG plans to open a hedge fund in Brazil called Gauss next year to offer new investment alternatives for clients, such as volatility arbitrage, executives said on Wednesday. The hedge fund, named after "the prince of mathematicians" Carl Gauss, will be managed by Fabio Okumura, the former head of proprietary trading at Itaú...

  • At BNY, Trian scores another win for activists Wednesday, 3 Dec 2014 | 11:47 AM ET
    The Bank of New York Mellon on Wall Street, New York.

    Activist investor Trian Fund Management secured another partial victory on Tuesday by landing a seat on the board of BNY Mellon.

  • Dealmaking is only in the 5th inning: Schwarzman Wednesday, 3 Dec 2014 | 8:29 AM ET
    Steve Schwarzman, co-founder, chairman and chief executive officer of Blackstone Group LP.

    Blackstone Group's Steve Schwarzman also tells CNBC: "I don't think the Fed will throw us into a next recession."

  • The fund, run by ex- Credit Suisse traders George "Beau" Taylor and Trevor Woods, runs a diversified energy-related portfolio, but the slump in oil prices to five-year lows after the OPEC meeting was a key driver, the sources said. Pierre Andurand, founder of the BlueGold fund that had gigantic gains during the 2008 oil market slump, made 18 percent last month at his...

  • NEW YORK, Dec 2- Footwear retailer Brown Shoe Company Inc is trying to acquire women's luxury shoe retailer Stuart Weitzman Holdings LLC, which could fetch close to $1 billion, three people familiar with the matter said on Tuesday. Brown Shoe is competing against other potential suitors, that include private equity firms and financial investors, the sources...

  • Hedge fund shutdowns heading toward 1,000 Tuesday, 2 Dec 2014 | 10:42 AM ET
    Taxis pass 55 Baker Street, the building housing the offices of Brevan Howard Asset Management LP, in London.

    The pace of hedge fund failures is picking up after another year of relatively weak returns.

  • Ackman's 'animal' spirits alive in latest venture Monday, 1 Dec 2014 | 2:58 PM ET

    Fresh of a big win from investing in human drugs, Bill Ackman is now focused on pharmaceuticals for animals.

  • DUBLIN, Dec 1- Aircraft leasing company Avolon Holdings set out plans on Monday to list shares on the New York Stock Exchange and raise $286 million to $314 million for shareholders, the Dublin- based firm said on Monday. Avolon, backed by private equity firms Cinven Ltd, CVC Capital Partners Ltd and Oak Hill Capital Partners, as well as Singapore's sovereign wealth...

  • LONDON, Nov 28- Private equity funds KKR and Apax are looking to revive plans to snap up EE if Britain's largest mobile operator misses out on a deal with BT Group, sources familiar with the situation said. Other investors such as CVC Capital Partners, which was also in talks to buy EE in 2013, no longer wants to enter the race for the mobile firm, one of the sources said.

  • MELBOURNE, Nov 28- Private funds are trawling for bargains in Australia in the aftermath of a global mining boom, looking to strip the fat at companies and projects they believe hold promise but which are struggling under the weight of sagging commodity prices. Most of those funds have focused on snaring assets in Africa and Latin America, shunning Australia due...

  • Leucadia boosts Harbinger stake as Falcone leaves Wednesday, 26 Nov 2014 | 1:22 PM ET
    Jefferies Group CEO Richard Handler speaks at the Milken Scholars Alumni Symposium in New York, Feb. 22, 2013.

    Leucadia National Corp. seems happy one of its own will soon oversee Harbinger Group.

  • Tiger Global, which manages roughly $14.5 billion in hedge fund and private equity portfolios, wrote to investors in a Nov. 25 letter seen by Reuters, that it wants to raise as much as $1 billion in new capital at its Tiger Global Long Opportunities fund. Co-founded by Chase Coleman, Tiger Global was seeded by hedge fund industry veteran Julian Robertson and ranks...

  • Best hedge fund bet of 2014 is...India? Wednesday, 26 Nov 2014 | 11:58 AM ET
    Narendra Modi, prime minister of India.

    Hedge fund managers who focus on emerging markets have produced returns that are all over the map in 2014.

  • BOSTON, Nov 26- Hedge fund mogul William Ackman told investors they could see a $6 billion payday when he closes the chapter on Allergan Inc., his firm's biggest bet of 2014.. One week after Allergan agreed to sell itself to rival Actavis Plc., Ackman wrote in his quarterly investment letter that his Pershing Square Capital Management, the Botox-maker's biggest...

  • UPDATE 2-Kellogg and Abraaj battle for Egypt's Bisco Misr Wednesday, 26 Nov 2014 | 9:38 AM ET

    CAIRO, Nov 26- The battle for control of Egyptian cake and biscuit maker Bisco Misr intensified on Wednesday as Abraaj Investment Management raised its initial bid to trump a rival offer from Kellogg Co.. UAE- based Abraaj, the Middle East's largest private equity firm, raised its offer to 80.58 Egyptian pounds per share, exactly two percent above a bid of 79 pounds...

  • Nov 25- The U.S. Justice Department is investigating allegations that an employee of HSBC Holdings Plc leaked confidential client information to a major hedge fund, the Wall Street Journal reported, citing people with knowledge of the matter. The alleged leak is believed to have taken place in March 2010, when HSBC was advising British insurer Prudential Plc on...