A complaint to the SEC could limit the fees that private equity firms charge or force greater oversight.» Read More
Dec 4- Hedge fund Hayman Capital has taken a stake in General Motors Co and believes the U.S. automaker's stock could rise more than 40 percent over the next 12-18 months after the U.S. Bloomberg first reported news of the stake, which it called one of Hayman's largest investments.
NEW YORK-- General Motors' shares climbed Wednesday, reaching their highest point since re-entering the public markets more than two years ago, as a hedge fund sees the automaker's stock price rising at least 40 percent over the next 12 to 18 months.
DETROIT, Dec 4- Hedge fund Hayman Capital has taken a stake in General Motors Co and believes the U.S. automaker's stock could rise more than 40 percent over the next 12-18 months after the U.S. Treasury sells its stake in the company, Bloomberg reported on Wednesday.
DETROIT, Dec 4- Hedge fund Hayman Capital has taken a stake in General Motors Co and believes the U.S. automaker's stock is poised to rise more than 40 percent over the next 12-18 months after the U.S. Treasury finishes exiting its stake in the company, Bloomberg reported on Wednesday.
But many hedge funds are now branching out into long-only products in an effort to diversify and expand their business, putting them in direct competition with fund managers like Schroders, Standard Life and Pimco.
BOSTON, Nov 27- Wealthy investors may get more bang for their buck if they invest with brand new hedge fund managers, but they must also have a strong stomach to tolerate potential losses, a study released on Wednesday shows.
Nasdaq OMX Group executive Eric Noll is leaving to take a job in private equity, according to sources with knowledge of the matter.
HONG KONG, Nov 26- Capital-starved Asian hedge funds may have got the lifeline they've been waiting years for- investors from China, some of whom are willing to risk very large sums of money. Investors include Zhang Lei, founder of Asia's biggest hedge fund Hillhouse Capital, members of China's wealthy elite and Chinese private equity firms.
NEW YORK, Nov 21- A top lieutenant at Steven A. Cohen's SAC Capital Advisors will leave the hedge fund in the new year as the once $15 billion firm converts to a family office, according to a memo sent to employees and seen by Reuters. Sol Kumin, the firm's chief operating officer, will leave SAC in January, the memo from Cohen said.
The founder of hedge fund consulting firm SFC Associates and author of numerous books on investing was arrested in his Manhattan apartment in July of last year after police, acting on a search warrant, found numerous illegal videos and images on his computer, the New York City police department said.
TriArtisan is in the lead to acquire CKE, the restaurant group that owns the Carl's Jr. and Hardees fast food chains, according sources.
Former Treasury Secretary Tim Geithner had offers from some of the biggest firms on Wall Street. So why did he choose a low-key equity firm?
Former Treasury Secretary Timothy Geithner will join private equity firm Warburg Pincus. CNBC's Steve Liesman provides perspective.
Former Treasury Secretary Timothy Geithner has taken a job as president of the private equity firm Warburg Pincus.
Large asset managers are heralding infrastructure investing given crumbling pipes, ports and power plants--and broke governments.
*J.C. Penney, FedEx gain on hedge fund stakes. Federal Reserve Chair nominee Janet Yellen told a Senate Committee that the central bank's economic stimulus would continue and several key important investors disclosed stakes in companies like J.C. Penney and Exxon Mobil.
Mark Megalli, an investment professional with the hedge fund Level Global Investors LP, obtained inside information that helped his firm avoid about $2.4 million in losses and make $853,655 in ill-gotten profits, the SEC said in a statement.
*Japan one of industry's best bets in 2013. LONDON/ HONG KONG, Nov 15- Japan, a frustration for the world's sharpest hedge fund minds for more than a decade, is proving one of the industry's biggest winners this year.
Hedge funds Highfields Capital, Jana Partners and Farallon Capital Management Group took positions in the ailing department store operator, and Glenview Capital, already a big owner, added to its holdings.
NEW YORK/ BOSTON, Nov 14- Top U.S. hedge fund managers in the third quarter bought and sold shares of such hotly debated companies as Herbalife Ltd, J.C. Penney Co and Sotheby's. Ellington Management Group LLC, a $5.5 billion investment firm founded by Michael Vranos, took a new position in auction house Sotheby's, as did Eric Mindich's Eton Park Capital Management.