March 7- The private equity arm of Goldman Sachs Group Inc and Vestar Capital Partners are nearing a deal to buy Hearthside Food Solutions LLC for more than $1.1 billion, people familiar with the matter said on Friday.» Read More
British retail billionaire Philip Green on Thursday sold a 25 percent stake in Topshop and Topman to U.S. private equity firm Leonard Green and Partners in a deal that values the popular high street chain at 2 billion pounds.
Four months after a massive trading-technology glitch that cost it nearly half a billion dollars, Knight Capital Group is on the block, say people involved with the discussions, and could be merged in to one of its chief competitors.
In 2010, the billionaire hedge fund manager Steven A. Cohen gave a rare interview to Vanity Fair. He said that he wanted to combat persistent rumors that his firm, SAC Capital Advisors, routinely violated securities laws by trading on confidential information, the New York Times reports.
Hedge funds are reporting their quarterly holdings to the Securities and Exchange Commission. Find out what the big funds have been buying and selling.
A year after a federal grand jury issued subpoenas and regulators vowed reforms, the largest bankruptcy since the financial crisis has begun to fade from Wall Street’s memory., the New York Times reports.
In an era low global economic growth and ongoing deleveraging, Glenn Hutchins, co-founder of private equity fund Silver Lake Partners, suggests investing more heavily in the fastest growing parts of the U.S. and global economy.
Can a memory stick bring down a political order? That is the question in Greece, where a tragicomic debate over what became of a list of nearly 2,000 Greeks with Swiss bank accounts is rapidly turning into a full-blown political crisis that is imperiling Greece’s fragile coalition government at a crucial time. The New York Times reports.
As banks pull back, private equity firms are increasingly turning to high-yield bonds, mezzanine loans and other types of debt that carry higher interest rates. Some are appealing directly to institutional investors like pensions and sovereign wealth funds to finance specific deals, the New York Times reports.
The private equity world is sitting on a 13-figure sum. If they don’t spend their cash pile snapping up acquisitions soon, they may have to return it to their investors.
Marc Lasry has never been afraid to go his own way. After betting on Obama in 2008, and on Ford in 2009, the hedge fund owner is now putting his money on a long-term European comeback, the New York Times reports.
As hedge funds become a dominant force in the investing universe, directorship services have grown into a big business on the Cayman Islands. And because of a quirk in the island’s tax code, these funds must appoint a board, the New York Times reports.
Blackstone Group chairman and CEO Steve Schwarzman told CNBC’s “Squawk Box,” that the private equity industry needs to do a better job of marketing itself to dispel many of the popular misperceptions about what it does.
Private equity is not the money machine it used to be. Buyouts are more costly, sellers are less willing to negotiate, credit markets are choppy and returns are down, pushing players to take more risks, the New York Times reports.
When Greece announced on Tuesday that it had made a €436 million bond payment to the hold-out investors who rejected the country's historic debt revamping deal in March, the decision came as no surprise, the New York Times reports.
BlackRock, the giant money manager, said it would have no choice but to shift some of its business away from certain Wall Street firms if Moody’s Investors Service went ahead with its threat to downgrade some of the country’s biggest banks. The New York Times reports.
The largest U.S. insurance company has sold its $500 million stake in one of the world’s largest private equity firms, Blackstone Group, sources told CNBC Friday.
Continued worries over Europe's debt crisis has pumped fear into the stock market, keeping investors on the sidelines. "Because everyone is afraid to invest, stocks are at their lowest level in my lifetime," said Ron Baron, Chairman and CEO of Baron Capital.
A group of private exchanges has popped up in recent years to accommodate a fast-growing trading market in the private shares of the Internet companies like Twitter and LinkedIn. Facebook has driven much of this growth, emerging as the most actively traded private company by a wide margin, the New York Times reports.
Investigators have determined what happened to nearly all of the customer money that disappeared from MF Global around the time of its bankruptcy last Oct. 31, but have not publicly disclosed their progress, fearing that doing so might cripple efforts to recover the cash and pursue potential wrongdoing, the New York Times reports.
Hedge funds that in the last month or so have purchased an estimated 4 billion euros ($5.2 billion) of beaten down Greek bonds that mature on March 20 are now trying to unload their positions, according to brokers and traders. The New York Times reports.