Bruce Wrobel, a prominent American investor in Africa who until recently ran Blackstone's Sithe unit, has died.» Read More
*GM offloads Peugeot stake, loses $82 mln. PARIS/ LONDON, Dec 13- Hedge funds have reaped some $190 million this week from betting against Peugeot, in contrast with GM, whose own investment in the French carmaker proved to be a loser.
NEW YORK, Dec 11- Citigroup Inc named Duncan Hennes, a co-founder of bank advisory firm Promontory Financial Group and a former CEO of Soros Fund Management, to its board of directors on Wednesday.
Dec 11- British bus and rail operator FirstGroup Plc has received a letter from one of its biggest shareholders, urging the company to sell its U.S. businesses in order to pay down debt, the Financial Times reported.
*Founder Ercil was formerly Asia head of Perry Capital. *Opportunities for Asia distressed asset investment growing. ARCM, founded by Alp Ercil, the former Asia head of New York- based Perry Capital, has become one of the largest hedge fund companies in the region.
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.
Carlyle is known as a private equity firm, but its latest acquisition continues to diversify the business away from buyouts.
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.
A new region has recently taken over as the most attractive emerging market, according to a recent survey, and the returns are proving it.
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.