A major investment firm is getting ready for the next market downturn by seeking to raise a massive pool of capital for distressed bets.» Read More
NEW YORK, July 16- Hedge fund manager Leon Cooperman, who has forecast that the Standard& Poor's 500 stock index will hit 2000 this year, cautioned on Wednesday that gains will be slower as the market is more fairly valued now.
Sanofi talked with Abbott Laboratories, Mylan and private equity firms over selling a portfolio of mature drugs, according to a document.
Viking Global Investors, the $28.8 billion firm led by Andreas Halvorsen, is preparing the launch of a new fund to focus on illiquid investments.
Private equity firm KKR continues to expand its offerings, this time buying a stake in hedge fund firm BlackGold.
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.
Barry Sternlicht, Starwood Capital Group CEO, reveals where he is seeing global opportunities.
Deal fever, combined with private equity exits, have led to warnings of a market top. Is it just a matter of time before scalps are claimed?
David Fann, TorreyCove Capital Partners, says investors need to be selective when investing in private equity. And Mark Okada, Highland Capital, shares his thoughts.
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.
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.
The Lululemon founder's advisers have been talking to private-equity firms to find out if they are interested in buying the yoga gear maker, the WSJ reported.
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.