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Private Equity and Hedge Funds

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  • *Spot rate and c.bank guidance rate rarely trade together. SHANGHAI/ HONG KONG, Aug 18- China's central bank and currency traders have found rare consensus on the yuan's value after months of widely divergent pricing, but analysts are divided about whether the current accord signifies a genuine relaxation of control by Beijing.

  • BOSTON, Aug 14- Billionaire investor William Ackman, who often says he is flattered when others follow him into a stock he likes, was joined by several prominent hedge funds that made new bets on takeover target Allergan Inc during the second quarter.

  • Aug 14- Pershing Square Capital Management LP, the hedge fund firm run by William Ackman, has sued the U.S. government, claiming that its stripping of Fannie Mae's and Freddie Mac's profit illegally short changes investors in the mortgage companies' common stock.

  • Aug 14- Top U.S. hedge fund managers did some shopping for shares of discount retailer Dollar General Corp and drug store operator Walgreen Co in the second quarter.

  • Paulson holds onto gold ETF, Soros adds gold miners Thursday, 14 Aug 2014 | 6:41 PM ET

    Hedge fund Paulson & Co maintained its stake in the world's biggest gold-backed exchange-traded fund, SPDR Gold Trust, in the second quarter.

  • Daniel Loeb's Third Point added 1 million shares of Dollar General, raising his stake by 33 percent, while Blue Ridge Capital, founded by Tiger Cub John Griffin, nearly doubled its stake in Walgreen when it bought 2.8 million shares.

  • BUENOS AIRES, Aug 14- The hedge funds suing Argentina over its 2002 debt default are an "international mafia" out to wreck the country's finances, the government said on Thursday, pumping up the rhetoric in a battle that is squeezing the struggling Argentine economy.

  • PARIS, Aug 14- French private equity firm Ardian and Chinese conglomerate Fosun International said they would withdraw their offer for resort operator Club Mediterranee, leaving the way clear for a bid by Italian businessman Andrea Bonomi.

  • NEW YORK, Aug 13- A billionaire hedge fund manager who has sued to stop Canadian fashion designer Peter Nygård from expanding his Bahamas estate has asked a U.S. court to help him obtain crucial evidence from a whistleblower to help with the litigation.

  • NEW YORK, Aug 13- A billionaire hedge fund manager who has sued to stop Canadian fashion designer Peter Nygård from expanding his Bahamas estate has asked a U.S. court to help him obtain crucial evidence from a whistleblower to help with the litigation.

  • Judge cuts back Madoff trustee lawsuit vs Merkin Wednesday, 13 Aug 2014 | 11:32 AM ET

    NEW YORK, Aug 13- The trustee seeking money for Bernard Madoff's victims suffered his second loss in less than a week to Wall Street hedge fund manager J. Ezra Merkin, as a Manhattan bankruptcy judge dismissed most claims in a roughly $565 million lawsuit.

  • NEW YORK, Aug 12- BlackRock Inc, which has been heavily promoting alternative investments to retail investors, intensified that effort on Tuesday with the launch of a new multi-manager fund.

  • Aug 11- Hedge fund ValueAct Capital LLC said it had taken a $1 billion stake in Rupert Murdoch- controlled film and TV company Twenty-First Century Fox Inc.. Fox withdrew its $80 billion bid to buy Time Warner Inc last week after being rebuffed by the owner of CNN, HBO and Warner Bros studios.

  • JPMorgan selling part of PE biz to investment firms Monday, 11 Aug 2014 | 4:50 PM ET
    JPMorgan Chase headquarters in New York.

    Two investment firms said they would buy half of the portfolio companies held by JPMorgan Chase & Co's private equity business, One Equity Partners.

  • Rupert Murdoch triggered M&A shockwave Monday, 11 Aug 2014 | 10:52 AM ET
    Rupert Murdoch

    When Rupert Murdoch and Masayoshi Son walked away from their deals last week, the moguls created a shock wave on Wall Street.

  • ValueAct takes $1 bln stake in 21st Century Fox-CNBC Monday, 11 Aug 2014 | 10:51 AM ET

    Aug 11- Hedge fund ValueAct Capital LLC has taken a $1 billion stake in Rupert Murdoch- controlled film and TV company Twenty-First Century Fox Inc, CNBC reported. ValueAct built its position when Fox was seeking to buy Time Warner Inc, CNBC's David Faber said.

  • SYDNEY/ HONG KONG, Aug 11- Private equity giant TPG Capital Management LP made a $3.1 billion approach for Australia's Treasury Wine Estates Ltd, a source said, setting the scene for a possible bid war for the world's No.2 winemaker with rival KKR& Co..

  • SYDNEY, Aug 11- Australia's Treasury Wine Estates Ltd said on Monday it received a second, unsolicited $3.13 billion takeover approach, from a suitor it didn't identify, setting the scene for a potential bidding war for the world's No.2 winemaker. The offer matches last week's bid from private equity giant Kohlberg Kravis Roberts& Co LP and Rhone Capital LLC.

  • SYDNEY, Aug 11- Australia's Treasury Wine Estates Ltd said on Monday it had received a new takeover approach to rival the $3.15 billion bid from private equity giant Kohlberg Kravis Roberts& Co LP and Rhone Capital LLC, sparking the prospect of a bidding war for the world's No.2 winemaker.

  • FRANKFURT/ MILAN/ LONDON, Aug 8- Several Italian utilities and private equity groups are expected to hand in tentative offers worth about 2 billion euros for E.ON' s Italian unit early next week, people familiar with the matter told Reuters.