Bruce Wrobel, a prominent American investor in Africa who until recently ran Blackstone's Sithe unit, has died.» Read More
BOSTON, Oct 7- Hedge fund manager John Paulson, who made billions on the housing market and gold a few years ago, extended this year's gains in September, when his biggest portfolios were all up, leaving them with double-digit gains for the year, a person familiar with the numbers said on Monday.
ATHENS, Oct 7- Funds run by billionaire investor John Paulson see Greece's recapitalised banking sector as an attractive investment play on the country's recovery after a deep six-year slump.
Sept 30- Activist hedge fund Clinton Group has upped its stake in Nutrisystem Inc to 5.2 percent, calling the weight loss product company's stock undervalued and asking for an increase in dividend, according to a filing on Monday.
Event software maker Active Network said it would be acquired by Vista Equity Partners for about $1.05 billion.
LONDON/ PARIS, Sept 30- Hedge funds' negative bets on European shares have tumbled to a level not seen since before the global financial crisis began in 2007, signalling their strongest conviction for years that the market will rise further.
"We are in the middle of an epic credit bubble...the likes of which I haven't seen in my career," said Blackstone's global head of private equity.
Erik Hirsch, Hamilton Lane Advisors chief investment officer, shares his thoughts on why the private equity environment provides investors advantages during a time of market uncertainty.
BOSTON, Sept 24- Seth Klarman's $28 billion Baupost Group, one of the world's biggest hedge funds, plans to return some money to clients at year's end, two people familiar with the Boston- based firm's plans said.
Catterton Partners, a private equity firm that specializes in consumer brands, has closed two of its funds to new investment.
Chris Ventresca, JPMorgan co-head of global M&A, discusses Verizon's acquisition of Vodafone's stake in its wireless company and reveals where he is seeing the biggest trends in mergers and acquisitions.
"The staff will be closely monitoring and collecting data on this new market to see how it in fact operates... and accessing whether and to what extent changes in the private offerings market may lead to additional fraud or not," SEC Chair Mary Jo White told an advisory panel of experts convened at SEC headquarters on Tuesday.
LONDON, Sept 17- Hedge funds may be making their clients less money than mainstream financial markets, but with their portfolios increasingly seen as a safer, low-volatility option in a tough investment landscape they have more cash to manage than ever.
LONDON, Sept 15- Hedge funds which gambled on how much money would be recovered from the bankrupt carcass of Lehman Brothers are set to make hundreds of millions of pounds from a full payout to creditors of the European arm.
FRANKFURT, Sept 13- Three hedge funds who tendered shares enabling Vodafone to successfully bid for Germany's largest cable firm plan to sue for a better price for their outstanding holdings, three financial sources with knowledge of the matter said on Friday.
Dan Primack, senior editor at Fortune, comments on the upcoming Dell shareholders' vote and how the Icahn opposition has been positive for them and whether the group can still be turned around.
*Nokia is most shorted stock among European blue-chips. LONDON/ PARIS, Sept 3- Hedge funds betting that the collapse in Finnish telecom group Nokia's share price would continue got a rude surprise on Tuesday, and their rush to unwind their bets left the stock eyeing a record daily gain.
BOSTON, Aug 28- Hedge fund manager Michael Karsch is shutting down his 13- year-old firm, Karsch Capital Management, in order to "think about the next chapter" of his career.
In the 1990s, U.S. banks used life insurance to bet that their employees would eventually die. Now those wagers are coming back to haunt Wall Street banks.
DUESSELDORF, Germany, Aug 22- German steelmaker ThyssenKrupp, which has said it risks breaching loan covenants, is in talks with hedge funds to persuade them to buy into an issue of new shares, two people familiar with the matter said.
HONG KONG, Aug 22- Two top executives of Millennium Management LLC are preparing to start a $1.4 billion hedge fund in Asia, people familiar with the matter told Reuters, in what would be the region's largest such fund launch.