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Private Equity

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  • May 6- A former managing partner at the failed Connecticut hedge fund firm New Stream Capital LLC was sentenced on Wednesday to 2 -1/ 2 years in prison after he admitted to being part of a scheme that prosecutors say defrauded investors out of $46 million. The sentence was announced by the U.S. Attorney's Office in Connecticut. Prosecutors said that in 2007, New...

  • *Taylor Woods, BBL Commodities among funds caught on wrong side. Those hurt by the abrupt turn included Connecticut- based Taylor Woods Capital Management and BBL Commodities in New York. Shale oil skeptic and market bull Andy Hall, however, saw his $3 billion Connecticut- based Astenbeck Capital Management rise about 10 percent through April, according to media...

  • CORRECTED-April's oil bounce trips up some hedge funds Wednesday, 6 May 2015 | 1:31 PM ET

    *Taylor Woods, BBL Commodities among funds caught on wrong side. Those hurt by the abrupt turn included Connecticut- based Taylor Woods Capital Management and BBL Commodities in New York. They contrasted with shale oil skeptic and market bull Andy Hall, who saw his $3 billion Connecticut- based Astenbeck Capital Management rise about 10 percent through April,...

  • Where Wall Street money may be headed Wednesday, 6 May 2015 | 10:42 AM ET
    Downtown Miami along the Miami River

    Miami and Palm Beach have aggressively courted hedge funds and others to ditch the Northeast for warmer climes, but is it working?

  • NEW YORK, May 6- A group of hedge funds that hold Puerto Rico's government debt plans to hire a litigation law firm as a financing deal that could help save the U.S. territory from a potential default looks increasingly remote. The Ad Hoc group of hedge funds, which holds $4.5 billion of Puerto Rico's debt, is planning to hire Robbins, Russell, Englert, Orseck,...

  • May 5- A former top executive of the failed Connecticut hedge fund firm New Stream Capital LLC was sentenced on Tuesday to 2-3/ 4 years in prison, after pleading guilty to conspiring to defraud clients as the 2008 financial crisis approached. Former managing partner David Bryson had pleaded guilty last May to a charge of conspiracy to commit wire fraud.

  • Citadel's Kenneth Griffin, who launched his trading career from his Harvard dormitory in the 1980 s, topped the list with $1.3 billion, according to Institutional Investors' Alpha's 14th annual rankings. Renaissance Technologies founder James Simons came in second with $1.2 billion, and Bridgewater Associates' Ray Dalio placed third with $1.1 billion.

  • UPDATE 2-Och-Ziff forecasts rise in legal expenses Tuesday, 5 May 2015 | 10:37 AM ET

    May 5- Hedge fund Och-Ziff Capital Management Group LLC said it expects legal expenses to rise in the current quarter, after reporting a rise in revenue, driven by higher incentive income and management fees. Legal expenses would affect Och-Ziff's second-quarter earnings and dividends, RBC Capital Markets analyst Bulent Ozcan said. Increased expenses due to...

  • Big money managers clash on climate change Tuesday, 5 May 2015 | 10:35 AM ET
    Dry cracked earth is visible near an almond orchard on April 24, 2015 in Firebaugh, California.

    Managers of institutional funds from California, Texas and North Carolina have very different views on global warming.

  • May 5- Hedge fund Och-Ziff Capital Management Group LLC reported a rise in quarterly revenue, helped by higher incentive income and management fees. Incentive income jumped 9.6 percent to $57.1 million in the first quarter ended March 31 from a year earlier, said Och-Ziff, one of only a handful of publicly traded hedge fund companies. Management fees rose 4.5...

  • Citadel's Kenneth Griffin, who launched his trading career from his Harvard dormitory in the 1980 s, topped the list with $1.3 billion, according to Institutional Investors' Alpha's 14th annual rankings. Renaissance Technologies founder James Simons came in second with $1.2 billion, and Bridgewater Associates' Ray Dalio placed third with $1.1 billion.

  • KKR merges teams after more leaders step down Tuesday, 5 May 2015 | 7:22 AM ET

    KKR said it would merge some of its private equity industry teams in the U.S. after two more of its leaders stepped down.

  • NEW YORK, May 4- The annual Sohn Investment Conference in New York City kicked off on Monday, drawing thousands of portfolio managers, asset allocators and private investors. Alliance, QCOM.O value in WBA;. shares, says stock "a great way to play the urbanization and growth of the middle class in China".

  • Public markets good, private markets not so good: Fred Wilson

    Fred Wilson, Union Square Ventures founder, discusses the IPO market; and commerce and transportation companies.

  • Spotify raises $350M at $8B valuation: Sources Friday, 1 May 2015 | 11:15 AM ET
    Spotify technology apps

    Music streaming service Spotify raised $350 million in a new funding round at an $8 billion valuation, sources told CNBC.

  • TORONTO/ NEW YORK, April 29- Hedge fund Mangrove Partners is urging Atlantic Power Corp to return cash to shareholders and could push for a possible sale or break-up of the company, according to two sources with knowledge of the situation. One of the sources said the New York- based hedge fund wants Atlantic to pay a special dividend of $300 million, or about $2.50 per...

  • EXCLUSIVE-HEDGE FUND MANGROVE PARTNERS IS PUSHING ATLANTIC POWER TO RETURN CASH TO SHAREHOLDERS- SOURCES.

  • FRANKFURT, April 28- Hedge fund Elliott, which holds a 15 percent stake in German machine-tool maker DMG Mori Seiki AG, is not seeking a seat on the supervisory board, DMG said on Tuesday, contrasting with the activist fund's strategy for some of its other investments. Japan's DMG Mori Seiki Co Ltd has recently acquired a 52.5 percent stake in DMG Mori Seiki AG, and...

  • Billionaire investors reveal their best ideas Tuesday, 28 Apr 2015 | 8:22 AM ET
    Leon Black

    Major private equity managers, including several billionaires, gave their best investment idea at the Milken conference.

  • April 27- A former controller of Contrarian Capital Management LLC has been sentenced to four years in prison after he embezzled $9.2 million from the Greenwich, Connecticut hedge fund, federal prosecutors said on Monday. Lawrence Herzing, 45, of Greenwich, was sentenced on Friday by U.S. District Judge Jeffrey Alker Meyer in Bridgeport, Connecticut.