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July 9- Struggling apparel and accessories retailer American Apparel Inc said it has reached a deal with hedge fund Standard General LP and founder Dov Charney to remake its board and bolster finances.
NEW YORK— The brother of an imprisoned ex-billionaire hedge fund founder was acquitted of conspiracy on Tuesday, handing Manhattan prosecutors their first loss after dozens of insider trading convictions in prosecutions that relied heavily on wiretaps and the testimony of those who pleaded guilty.
Strong gains in its top holdings, including Canadian Pacific, Air Products& Chemicals and Burger King Worldwide helped fuel the rise. Ackman has spent much of June trying to convince pharmaceutical company Allergan, in which he is the biggest investor, to sell itself to rival Valeant Pharmaceuticals, with which he is working to negotiate a deal.
*PetSmart shares rise as much as 15 pct. July 3- Activist hedge fund Jana Partners LLC said it planned to ask PetSmart Inc to explore a sale, underlining troubles at the pet product retailer. Jana Partners reported a 9.9 percent stake in PetSmart, making it the company's largest shareholder.
NEW YORK— Shares of PetSmart Inc. jumped Thursday after an activist hedge fund reported a stake in the pet food retailer and said it wants PetSmart to consider selling itself.
July 3- Activist hedge fund Jana Partners LLC said it planned to ask PetSmart Inc to explore a sale, sending the pet product retailer's shares up 15 percent. Jana Partners reported a 9.9 percent stake in PetSmart in a regulatory filing, making it the company's largest shareholder.
July 3- Activist hedge fund Jana Partners LLC said it planned to ask PetSmart Inc to explore a sale, sending the pet products retailer's shares up 13 percent in premarket trading.
Michael Abraham, co-head of private equity sponsors at UBS, says leverage in the private equity sector is rising "rapidly" to "concerning levels".
Earlier Standard General had loaned its American Apparel shares to Charney, according to regulatory documents, allowing him to boost his stake in the company from about 27 percent to 43 percent. Charney had hoped to gain majority control, but American Apparel countered with an anti-takeover plan that prompted him to change his strategy.
William Johnson, the former chairman, CEO and president of Heinz, is joining buyout shop Advent as a consultant.
The former head of the largest public pension system is set to plead guilty for illegally steering private equity placement fees to a friend.
David Rubenstein, The Carlyle Group co-founder, discusses the comeback of hedge funds from the Great Recession. Rubenstein says the funds of funds business is not dead.
Texas, California and Pennsylvania received the most investment from private equity firms last year, according to a new report.
Scott Kupor, Andreessen Horowitz COO, shares his thoughts on GoPro's IPO, and tech's biggest hardware and software plays. Software is Silicon Valley's biggest friend right now, says Kupor.
*34 new commodity funds through May, lowest since H1 2006. *Only two new "discretionary" funds, both by same trader. NEW YORK, June 24- Commodity fund launches have slowed dramatically, heading for an eight-year low, data from industry tracker Preqin showed, after years of weak returns and some high-profile fund failures in the commodities sector.
Managing a mutual fund is nothing short of a noble calling to alleviate wealth inequality, according to a Morningstar senior executive.
Joaquim Levy, CEO of Bradesco Asset Management, says the Brazilian private sector has turned around in recent years as the population turns to the private sector for its services.
BOSTON, June 17- Massachusetts' pension fund is pushing to move some of the $5.6 billion it invests with hedge funds into separately managed accounts and may even invest, at a lower cost, in strategies designed to mimic hedge fund returns. But few big investors have been as public about their plans as Massachusetts.
But the judge, who has been presiding for more than a decade over litigation between Argentina and hedge funds that refused to exchange defaulted bonds, seemed more interested in a fiery speech on Monday night by Argentine president Cristina Fernandez de Kirchner, in which she said the country would not submit to "extortion" by the hedge funds; and by a second speech Tuesday by the Argentine economy minister, who disclosed plans to restructure bonds to avoid "attachments."
NEW YORK, June 18- Lawyers for Argentina and for hedge funds that did not take part in its debt restructuring are scheduled to appear in federal court in New York on Wednesday in what could be a last-ditch attempt by the country to avoid default.