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Private Equity

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  • LONDON/ BOSTON, April 23- London- based Denjoy Capital Partners, backed by powerful investor Blackstone Group, is shutting down its European long-short equity hedge fund following a slump in returns, a letter to investors seen by Reuters showed. The Denjoy Integral Fund- which bets on both rising and falling shares- recorded overall returns of 13.9 percent since...

  • April 16- Engaged Capital LLC has written to Rovi Corp, which sells television guide programs to cable providers, seeking changes to the company's board. Engaged Capital, which owns a 0.49 percent stake in Rovi, is seeking to replace three of Rovi's long-term directors, Andrew Ludwick, James Meyer and James O'Shaughnessy. "Rovi has recommended its stockholders...

  • For big money backers, 2016 race still a jump ball Thursday, 16 Apr 2015 | 12:35 PM ET
    David and Charles Koch

    Wall Street and big business's election kingmakers are reaching for their wallets again in the race for President.

  • Ex-Fed chair Bernanke joins hedge fund Citadel as advisor Thursday, 16 Apr 2015 | 10:59 AM ET

    BOSTON, April 16- Ben Bernanke, the former Federal Reserve chairman and one of the world's most closely watched economic thinkers, is joining one of the most successful hedge funds as an advisor, Citadel LLC said in a statement on Thursday. Last month former Federal Reserve Board governor Jeremy Stein joined BlueMountain as an advisor and Bernanke's...

  • UPDATE 1-Bernanke to advise hedge fund Citadel - NYT Thursday, 16 Apr 2015 | 3:38 AM ET

    Federal Reserve, has agreed to become a senior adviser to Citadel Investment Group, a $25 billion hedge fund founded by billionaire investor Kenneth Griffin, the New York Times reported on Thursday. Bernanke's predecessor, Alan Greenspan, joined hedge fund Paulson& Co as adviser in 2008. Jeremy Stein, a Federal Reserve Board governor for two years, joined hedge...

  • Bernanke to join hedge fund Citadel as adviser - NYT Thursday, 16 Apr 2015 | 1:20 AM ET

    Federal Reserve, will become a senior adviser to hedge fund Citadel Investment Group, the New York Times reported. Bernanke told the New York Times that he was sensitive to the public's anxieties about the "revolving door" between Wall Street and Washington and chose to go to Citadel, in part, because it "is not regulated by the Federal Reserve and I won't be doing...

  • The words of criticism and support came from Ed Garden, who joined BNY Mellon's board in December. Garden is a senior executive at Trian Fund Management LP, the activist hedge fund run by billionaire Nelson Peltz that owns about 2.6 percent of BNY Mellon's stock. Earlier this month, activist hedge fund Marcato Capital Management said BNY Mellon's employee base...

  • Shouting "Burger King, Mickey Ds" and holding signs saying "Dignity at Darden, No poverty wages," the protesters trooped through the ballroom at the Crowne Plaza hotel in Manhattan, interrupting the 13 D Monitor's Active-Passive Investor Summit at 1 p.m.. An unidentified person with the group, which represents the Restaurant Opportunity Center, said they came to...

  • Blackstone's real estate play, by the numbers Monday, 13 Apr 2015 | 12:03 PM ET

    Blackstone Group's planned $2 billion purchase of GE's Excel Trust shows the firm's reliance on real estate investments.

  • Divestment a key trend for PE this year: Pro   Wednesday, 8 Apr 2015 | 3:30 AM ET
    Divestment a key trend for PE this year: Pro

    Robert Coke, head of absolute return and buyouts at the Wellcome Trust, says divestments and exits will continue to be strong trends in private equity this year.

  • Marcato, which owns about 1.6 percent of BNY Mellon's stock, previously has called for the ouster of Chief Executive Gerald Hassell, saying he has missed profit targets and has failed to streamline the bank's expense base. Marcato, a $3 billion fund led by Richard McGuire, said BNY Mellon rivals, including State Street Corp, Vanguard Group and BlackRock Inc, have...

  • These two investors called Duke's big win Tuesday, 7 Apr 2015 | 4:43 PM ET
    Steve Pagliuca and family cheer on Duke at the NCAA Men's Basketball National Championship game in Indianapolis on April 7, 2015.

    Hedge and private equity fund managers predicted the Final Four this year. See who got it right.

  • BOSTON, April 7- Wealthy investors protested the hedge fund industry's recent lackluster returns and high fees by pulling a net $4 billion out of the $2.5 trillion industry during the first two months of 2015, data released on Tuesday show. The number contrasts with the heady days of 2014 when investors added $31.6 billion of new money in January and February,...

  • Marcato, which owns about 1.6 percent of BNY Mellon's stock, previously has called for the ouster of Chief Executive Gerald Hassell, saying he has missed profit targets and has failed to streamline the bank's expense base. Marcato, a $3 billion fund led by Richard McGuire, said BNY Mellon rivals, including State Street Corp, Vanguard Group and BlackRock Inc, have...

  • Baird's Spencer on US equities   Tuesday, 7 Apr 2015 | 5:10 AM ET
    Baird's Spencer on US equities

    Patrick Spencer, managing director of US institutional equity sales at Baird, talks about U.S. equities, nonfarm payrolls and when the U.S. Federal Reserve will raise interest rates.

  • Fitch's Eyerman on PE valuations   Tuesday, 7 Apr 2015 | 4:30 AM ET
    Fitch's Eyerman on PE valuations

    Pitchbook's latest data shows that private equity deal volume has hit its lowest point since 2011's Q3. Ed Eyerman, head of European leveraged finance at Fitch, weighs in with his thoughts.

  • These young financiers trying to change the world Monday, 6 Apr 2015 | 1:39 PM ET
    Sean Klimczak, senior managing director for private equity firm Blackstone Group, is shown on the floor of the New York Stock Exchange where the 2015 class of the World Economic Forum’s Young Global Leaders rang the opening bell, March 27th, 2015.

    The World Economic Forum has named its "Young Global Leaders"--including many financial types--and expect them to be forces for global good.

  • EXCLUSIVE-SOME TOP IBM INVESTORS ARE PRESSING ACTIVIST HEDGE FUNDS TO TAKE INTEREST IN STOCK-SOURCES.

  • Peltz to Sonnenfeld: Get your facts straight Thursday, 2 Apr 2015 | 1:42 PM ET
    Nelson Peltz

    Trian Fund's Nelson Peltz tells CNBC that Yale professor Jeffrey Sonnefeld's "work was just a bit faulty."

  • Let's not make a deal? Private equity cools Thursday, 2 Apr 2015 | 10:29 AM ET
    Kraft and Heinz products are shown in Chicago, March 25, 2015.

    PE funds are changing the way they invest as valuations rise to keep the cash flowing.