Private equity firm Silver Lake is in advanced talks to acquire Shutterfly for at least $2 billion, people familiar with the matter said» Read More
NEW YORK, Sept 19- Merrill Lynch fired two veteran brokers from its Private Banking and Investment Group two weeks ago for guiding clients to invest in a hedge fund outside of the brokerage firm.
NEW YORK, Sept 19- Merrill Lynch summarily fired two veteran brokers from its elite Private Banking and Investment Group two weeks ago for guiding clients to invest in a hedge fund outside of the brokerage firm.
BOSTON, Sept 17- Despite the recent rebuke of hedge funds by the influential California Public Employees' Retirement System, other investors are pumping billions into these portfolios, boosting industry assets to a record $3.1 trillion, data released on Wednesday show.
Sacramento- based Calpers said on Monday it was pulling about $4 billion from a total of 30 hedge funds it was invested in under its Absolute Return Strategies portfolio, citing costs and difficulty in maintaining the program. BlueTrend, owned by U.K.- based BlueCrest Capital Management, could not immediately be reached for comment.
BOSTON, Sept 16- The California Public Employees Retirement System handed fellow U.S. pension funds a hefty club to beat down hedge fund fees and demand better returns this week when it voted to pull out of hedge funds entirely, investors said.
NEW YORK— Sears is taking out a $400 million secured short-term loan from a hedge fund run by CEO Edward Lampert. The Hoffman Estates, Illinois, company, which runs Sears and Kmart stores, said in a regulatory filing that the loan is from entities affiliated with Lampert's ESL Investments Inc..
Sept 15- The California Public Employees' Retirement System, the largest U.S. pension fund, said on Monday that it will pull all $4 billion it has invested in hedge funds because it finds them too costly and complicated.
Sept 15- Calpers, the largest U.S. pension system, said on Monday it has scrapped its hedge fund program and will pull about $4 billion in its investments from 30 such funds.
Sept 11- Billionaire investor Carl Icahn's son, Brett Icahn, has scrapped plans to start his own hedge fund firm and will continue staying with his father's firm, a source familiar with the situation told Reuters on Thursday.
BOSTON, Sept 8- Hedge funds had their best month since February when they reported a 1.56 percent rise in August, according to data released on Monday, on a mix of corporate deals and strong company earnings that helped push the stock market higher.
David Marcus, who has led Juilliard's endowment out of financial crisis losses with the help of Wall Street execs, is set to depart.
Private equity and venture capital firms are set to increase their investments in Latin America after netting billions in new funds.
A senior executive at Blackstone thinks big money investors can make piles of cash by betting on the growth of soccer in the U.S.
Billionaire investors Marc Lasry and Josh Harris say the sports teams they own are no strip and flip play.
Singapore's GIC is taking the unusual step of investing directly in unlisted firms as low yields spur fund managers to adopt a more hands-on attitude.
For some observers, 2014 has tested Och-Ziff's conservative reputation but many analysts are still bullish on the hedge fund firm's prospects.
A major investment firm is getting ready for the next market downturn by seeking to raise a massive pool of capital for distressed bets.
NEW YORK, Aug 29- Some hedge funds seem to have missed out on this week's big rally in U.S. natural gas, cutting bullish bets on the fuel before prices hit six-week highs, government data suggested on Friday.
Some of the most powerful members of the business and investing community think the American economy is going to be just fine.
Equity, commodity and currency markets are experiencing low volatility, but one market variable stands out in the seemingly stable environment.