Private Equity


  • Wilmington, Del., Jan 30- Hedge funds lost a court bid to get extra cash for their shares of online family research site Ancestry.com Inc, in a ruling involving an increasingly popular hedge fund strategy. A Delaware judge ruled on Friday that a private equity firm paid a fair value of $32 per share in 2012 to acquire Ancestry.com and rejected hedge fund claims the...

  • Wilmington, Del., Jan 30- A Delaware judge ruled on Friday that a private equity firm paid a fair value of $32 per share to acquire Ancestry.com Inc and rejected hedge fund claims the price should have been as high as $47 per share. The online family research company was sold to European private equity firm Permira Advisors in 2012. The private equity firm paid 40...

  • BOSTON, Jan 30- Hedge fund mogul William Ackman is ready to make a new bet, not on a stock this time but a startup hedge fund, Clearfield Capital Management. Ackman, who runs $18 billion Pershing Square Capital Management, told investors on Thursday he plans to make his biggest ever commitment to an outside hedge fund. Ackman and Hilal have known each other for more...

  • Jan 29- The former controller of Contrarian Capital Management LLC pleaded guilty on Thursday to one count of wire fraud stemming from his embezzlement of more than $9 million from the Connecticut hedge fund, federal prosecutors said. Lawrence Herzing, 45, of Greenwich, Connecticut, entered his plea before U.S. District Judge Jeffrey Alker Meyer in Bridgeport,...

  • BRIDGEPORT, Connecticut— A Venezuelan-American hedge fund manager was sentenced Thursday to 13 years in prison for running a Connecticut fraud scheme involving hundreds of millions of dollars from Venezuela's state oil company. As an adviser to Venezuela, he devised a currency arbitrage market that, according to him, generated $60 billion for the...

  • LONDON, Jan 28- Hedge funds earned $1.5 trillion for their investors over the last ten years and more pension funds are increasing the amount of money they allocate to them, trade body Alternative Investment Management Association said on Wednesday. The trade body said that one in every four dollars invested in the nearly $3 trillion industry is sourced from...

  • Hot topic for 1-percenters at Davos: Inequality Wednesday, 21 Jan 2015 | 12:20 PM ET
    A man begs on a street in Shanghai.

    Rising economic inequality is casting a shadow over the World Economic Forum, a conference dominated by the proverbial 1 percent.

  • Egypt: Security is essential  Wednesday, 21 Jan 2015 | 10:50 AM ET

    At Davos 2015, Mustafa Abdel-Wadood, partner of Abraaj Group talks about Egypt's economic revival plans.

  • BlackRock CEO: Changing the tax narrative  Wednesday, 21 Jan 2015 | 8:09 AM ET

    Larry Fink, BlackRock chairman & CEO, shares his thoughts on implementing tax reform.

  • BlackRock CEO: All signs point to stocks going higher  Wednesday, 21 Jan 2015 | 8:02 AM ET

    Larry Fink, BlackRock chairman & CEO, shares his outlook on stocks, interest rates, Europe and bonds.

  • Schwarzman: Middle class must grow through education Wednesday, 21 Jan 2015 | 7:03 AM ET
    Steve Schwarzman, co-founder and CEO of Blackstone Group LP at the 2015 WEF in Davos, Switzerland.

    Education is needed to help the middle class boost its assets and to create more jobs, Blackstone's Steve Schwarzman tells CNBC.

  • Blackstone CEO: Large banks put through the wringer  Wednesday, 21 Jan 2015 | 6:15 AM ET

    Stephen Schwarzman, Blackstone chairman and CEO, shares his thoughts on the impact of regulations on big banks.

  • Blackstone CEO: Quality education for all  Wednesday, 21 Jan 2015 | 6:09 AM ET

    Stephen Schwarzman, Blackstone chairman and CEO, explains how without a quality education people are disabled in a modern economy.

  • Here's how to fight income inequality: Blackstone CEO  Wednesday, 21 Jan 2015 | 6:06 AM ET

    Stephen Schwarzman, Blackstone chairman and CEO, shares his thoughts on President Obama's tax plan and the role of education in boosting the middle class.

  • Here's the best energy play now: Rubenstein Wednesday, 21 Jan 2015 | 7:23 AM ET
    David Rubenstein, The Carlyle Group Co-Founder & Managing Director.

    Carlyle's David Rubenstein tells CNBC low oil prices are creating new places to invest.

  • LONDON/ BOSTON, Jan 20- COMAC Capital is returning money to outside investors after suffering heavy losses on a currency trade last week, becoming the second hedge fund in less than a week to take dramatic steps after being battered by the Swiss franc's unexpected surge. The London- based firm's $1.2 billion COMAC Global Macro fund lost 8.0 percent when the Swiss...

  • Should investors stay cautious with China?  Tuesday, 20 Jan 2015 | 5:15 AM ET

    Chinese stocks have recovered after 2014's GDP result. Charlie Awdry, Chinese equity fund manager at Henderson Global Investors, says that investing is not about the rate of GDP growth and this shouldn't impact equities dramatically.

  • BOSTON, Jan 16- Eric Mindich's $8.5 billion hedge fund, Eton Park Capital Management, is now ready to pick through the debt of beaten-up energy companies, an area it avoided last year as the price of oil tumbled. Eton Park dropped mortgage companies Fannie Mae and Freddie Mac with a big profit before a U.S. judge threw out a lawsuit filed by shareholders to prevent the...

  • NEW YORK, Jan 16- Jim Chanos, founder of hedge fund firm Kynikos Associates, said on Friday he is betting against the shares of chipmaker Intel Corp.. "We're short Intel," Chanos told cable television network CNBC. Chanos, who has been critical of the personal computer sector and has bet against companies such as International Business Machines Corp and...

  • NEW YORK/ LONDON, Jan 15- Currency speculators, especially large global macro hedge funds with big short positions in the Swiss franc, are staring massive losses in the face after the Swiss National Bank shocked markets on Thursday by removing a three-year-old cap on the currency. "You have these massive policies which forced all investors to invest with the...