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LONDON, Dec 23- For hedge funds that made money this year there was only one strategy that really mattered- latching onto the stockmarket rally.
Ken Mehlman, the public affairs chief at KKR who was previously a top Republican operative, is now the top lobbyist for the PE industry.
LONDON, Dec 19- The collapse of FX Concepts, once the world's biggest currency hedge fund, is symptomatic of the dramatic decline in a once-profitable sector that faces another tough year in 2014 at the mercy of central bank policy.
Will Ben Bernanke announce a Fed taper?
WASHINGTON, Dec 16- A preliminary analysis of a new trove of hedge fund data has found that the industry may not be as risky as conventionally thought, a U.S. Treasury Department official said on Monday.
*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.
Bruce Wrobel, a prominent American investor in Africa who until recently ran Blackstone's Sithe unit, has died.
Deutsche Bank's bid to revive its American wealth management unit is off to a rocky start.
*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.
A complaint to the SEC could limit the fees that private equity firms charge or force greater oversight.
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.
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.
Harvard and Yale may help shape some of the brightest minds, but their endowment investment returns can look downright dumb.
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.