Private Equity


  • But a series of failed deals, including the collapse of a $55 billion tie-up between UK drugmaker Shire and U.S. peer AbbVie, has led to losses for some of the world's biggest proponents of the strategy, with investors pulling out $3.3 billion in the last two months alone. "The AbbVie/ Shire break, in particular, has led to a far reaching de-risking exercise for many...

  • Magistrate Judge Janet King in Atlanta rejected a claim by Steven Slawson, co-founder of Titan Capital Management, that his May indictment should be tossed because it did not allege he knew an insider disclosed illegal tips for personal gain. Attorney Sally Quillian Yates in Atlanta did not respond to requests for comment on Monday. Meanwhile, a federal...

  • Hedge funds under threat from pension fund rethink Friday, 7 Nov 2014 | 7:21 AM ET

    LONDON, Nov 7- Pension schemes are starting to rethink their hedge fund investments in the face of high costs and poor returns, putting at risk the heady pace of capital flows into an industry with nearly $3 trillion of assets. Investors pulled more than $15 billion from hedge funds in the September quarter, industry data showed, ending six quarters of net inflows.

  • Colleges up big on PE, VC funds Tuesday, 4 Nov 2014 | 11:22 AM ET
    Healy Hall, the flagship building of Georgetown University's main campus in Washington, D.C.

    Academia continues to rebuild its fiscal position after being whacked in the financial crisis with a heavy allocation to alternative investments.

  • William Ackman's Pershing Square Capital Management, which has not yet finalized monthly numbers, was off 0.60 percent for the month through Oct. 28, leaving it up 30.9 percent for the year, an investor in the private fund said. "As a group hedge funds performed very poorly in October," said Adam Blitz, chief investment officer at Evanston Capital which invests...

  • LOS ANGELES, Oct 30- A push to reform Phoenix's retirement system has become the latest front in a battle between union-backed groups and a Texas hedge fund billionaire over the future of America's public pensions. Hundreds of thousands of dollars, much of it anonymous out-of-state money, has been flowing to backers of a November 4 ballot initiative in Phoenix...

  • Hedge funds muscle into reinsurance, attracting doubters Wednesday, 29 Oct 2014 | 8:59 AM ET

    LONDON, Oct 29- Hedge funds are muscling their way into the market to share the cost of cleaning up after natural catastrophes, but sceptics are questioning whether they will stick around ahead of the next "big one" as underwriting returns fall. John Rathgeber, CEO of Watford Re which opened its doors this year, said his group used leverage and invested in assets such...

  • SEC boosts scrutiny of private equity performance Wednesday, 29 Oct 2014 | 7:15 AM ET

    The SEC is examining how private equity firms report a key metric of their past performance, as the regulator boosts scrutiny of the industry.

  • Blackstone backs 'utility scale' wind, solar power Tuesday, 21 Oct 2014 | 6:07 PM ET

    Mega investment firm Blackstone Group announced a new partnership to identify and to develop North American renewable power projects.

  • BOSTON, Oct 20- Shares in Alpha Bank surged more than 13 percent on Monday after hedge fund manager David Einhorn recommended betting on Greek banks and against French debt. Speaking at the annual Robin Hood Investors Conference in New York, Einhorn recommended going long Alpha Bank and Piraeus Bank with warrants and shorting French debt as a hedge, according to...

  • As IPOs stumble, private equity prepares to pounce Sunday, 19 Oct 2014 | 6:17 AM ET
    A bear and a bull statue stand outside the Frankfurt Stock Exchange

    Private equity players are preparing to pounce on opportunities to put their cash piles to work as Europe's market turmoil puts the kibosh on IPOs.

  • NEW YORK, Oct 16- A former analyst at a San Francisco hedge fund who prosecutors say engaged in an "unparalleled" spree of tipping inside information he obtained from an executive at Foundry Networks Inc was sentenced on Thursday to five years in prison. District Judge Robert Patterson in Manhattan to pay $653,890 in fines and forfeitures for his role in a...

  • NEW YORK, Oct 16- Short seller Carson Block, the founder of research firm Muddy Waters LLC who has exposed accounting problems at a slew of Chinese companies, said on Thursday that he is seriously considering launching a hedge fund investment firm. "We are more so than ever very seriously considering becoming a fund manager, but it would not be the same sort of Muddy...

  • There is no real estate bubble, pros say Thursday, 16 Oct 2014 | 9:50 AM ET
    Downtown Denver

    Big names in real estate investing don't believe there's a market bubble despite high valuations.

  • Hedge funds bleed as AbbVie reconsiders Shire bid Wednesday, 15 Oct 2014 | 11:51 AM ET

    LONDON, Oct 15- Some of the world's best known hedge funds lost hundreds of millions of dollars in the value of the stock they hold as Shire plunged after AbbVie's decision to reconsider its $55 billion bid for the British healthcare group. Chicago- based AbbVie was eager to buy Shire to reduce its U.S. tax bill by moving its tax base to Britain. "It seems Abbvie is...

  • Wall Street backs GOP horses—with loads of cash Sunday, 12 Oct 2014 | 9:00 AM ET
    Elliott Management founder and CEO Paul Singer speaks during the SkyBridge Alternatives conference in Las Vegas, May 9, 2012.

    Wall Street is spending more on the midterms than ever before—particularly in support of the GOP—but it's not from whom you might think.

  • NEW YORK, Oct 12- Roger Dean Gillispie, a former General Motors security guard, spent 20 years in an Ohio prison for rape until a federal court ordered him released in 2011. Now he wants to sue GM for allegedly helping to frame him, and he's getting support from an unlikely source: hedge funds. Gillispie, who is waiting to see if he will face a new criminal trial, has...

  • PE still beating stocks: Report Thursday, 9 Oct 2014 | 1:26 PM ET
    Private Equity Growth Capital Council President and CEO Steve Judge speaks during an interview in New York.

    Private equity returns continue to outpace stocks over the long term, according to a new report from an industry association.

  • Blackstone cuts controversial fees Wednesday, 8 Oct 2014 | 2:08 PM ET
    Stephen A. Schwarzman, Chairman and CEO, The Blackstone Group, USA.

    One of the world's largest private equity firms is dropping a controversial type of fee it charges clients.

  • NEW YORK, Oct 2- Managers of equity long/short funds cut their net exposure in September, a month during which markets pulled back on a rising dollar and questions over the timing of the Federal Reserve's next rate hike, Credit Suisse wrote in a note. The top 50 short positions within equity long-short funds returned an average of 5.9 percent through September,...