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Private Equity

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  • 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...

  • 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...

  • HARTFORD, Conn.— The world's largest hedge fund is proposing upgrades to its wooded campus in Connecticut, a project that brings a new set of hurdles after the collapse last year of a plan to relocate its offices to a peninsula on Long Island Sound. Bridgewater Associates, which manages some $169 billion, is proposing to overhaul its office buildings and create an...

  • 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...

  • 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...

  • 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.

  • 'Gutted like a carp': Whistleblower sues PE firm Thursday, 2 Apr 2015 | 6:01 PM ET
    SEC Securities and Exchange Commission

    Whistleblower accused TPG of ignoring his warnings that the firm may have violated securities regulations.

  • 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.

  • BOSTON, March 31- Billionaire Steven A. Cohen's investments gained 7.5 percent in the first three months of 2015, according to a person familiar with the numbers, helping the former hedge fund manager extend his string of market-beating returns. The average hedge fund has gained 2.18 percent this year, research firm Hedge Fund Research reported.

  • Byron Wien: Four market myths to rethink Tuesday, 31 Mar 2015 | 2:10 PM ET
    Byron Wien

    Top Blackstone strategist Byron Wien explores four key macroeconomic issues and why many investors are getting them wrong.

  • Markets outlook: Good news could be good   Monday, 30 Mar 2015 | 1:35 PM ET
    Markets outlook: Good news could be good

    Mike Ryan, UBS,and David Bailin, Citi Private Bank, give an outlook on upcoming payrolls and what trends to watch in the markets this week.