Adrian Barrie Smith, who recruits housekeeping staff for the wealthy, has sued several well-known Wall Street financiers and even the comedian Jerry Seinfeld.» Read More
NEW YORK, June 18- SunGard Data Systems Inc, the computer software maker that was taken private in 2005 for $11.4 billion, is exploring a sale of its data managing operations that could fetch up to $2 billion, several people familiar with the matter said on Tuesday.
June 14- JPMorgan Chase& Co said on Friday its private equity unit will become independent, the latest move by a financial institution to shed risky businesses amid financial reform.
SAO PAULO, June 7- Brazilian homebuilder Gafisa SA agreed to sell a 70 percent stake of its high-end Alphaville unit to private equity firms Blackstone Real Estate Advisors LP and Patria Investimentos Ltda, Gafisa said on Friday. Under the deal, Blackstone Group LP and Patria agreed to pay 1.4 billion reais in cash for the stake.
District Judge Shira Scheindlin in Manhattan on Thursday said the SEC could not pursue civil penalties for much of the 13- year period in which the alleged misconduct occurred. The decision is among the earliest to apply February's unanimous U.S. Supreme Court ruling in SEC v.
A day after a crucial deadline for withdrawals, traders and money managers are still waiting for details on how much capital the hedge fund has lost.
A deadline for investors to withdraw money from the troubled hedge fund SAC Capital was the talk of Wall Street. The New York Times reports.
These people said Blackstone Group LP, the largest outside investor in SAC, opened the floodgates once it notified Cohen in early May that it intended to redeem most of the $550 million that its clients have invested with SAC Capital.
SAC Capital could lose billions more from investors this quarter as Monday's deadline for redemption arrives, vs. $1.68 billion yanked during the first quarter.
*Rio has 5-6 name shortlist for Iron Ore of Canada stake. SYDNEY/ LONDON, June 3- Mining group Rio Tinto Plc has drawn up a shortlist of half a dozen suitors for its majority stake in Canada's largest iron ore producer, sources with knowledge of the situation said on Monday.
Some of the names on the move ahead of the open.
Hedge fund billionaire Steven A. Cohen's SAC Capital Advisors is bracing for about $3.5 billion in redemptions, The Wall Street Journal reported on Sunday.
NEW YORK, May 31- Investor redemptions from Steven A. Cohen's hedge fund, SAC Capital Advisors, continue, with Magnitude Capital emerging as the latest outside investor asking to get money back from the $15 billion hedge fund.
NEW YORK, May 31- Another outside investor in Steven A. Cohen's SAC Capital Advisors will ask to redeem money from his hedge fund in the second quarter. SAC Capital's second-quarter redemption deadline is Monday June 3, which comes as an insider trading probe focused on the firm heats up.
When millions can be won or lost on one calculation, firms are finding it essential that new hires can tell the difference between a pivot table and a header row. NYT reports.
NEW YORK, May 30- Taylor Woods Capital, the commodities fund of ex- Credit Suisse gas trader George "Beau" Taylor, is up double digits for the year and is seeking new investors to replace capital lost in redemptions after a previously sluggish performance, industry sources said.
HONG KONG/ SINGAPORE May 29- Private equity firms KKR and Carlyle Group are among the suitors lining up bids for Singapore Telecommunications Ltd's Australian unit, Optus Satellite, people familiar with the matter said, a business valued at more than A $2 billion.
*Ironwood Capital Management to pull $100 million. *Blackstone Group also to redeem from Steve Cohen's fund. NEW YORK, May 28- Ironwood Capital Management plans to pull about $100 million from embattled hedge fund SAC Capital Advisors, adding to the list of problems for billionaire trader Steven A. Cohen.
The "Fast Money" traders share their final trades of the day.
NEW YORK, May 20- The decision by U.S. prosecutors to compel Steven A. Cohen to testify before a federal grand jury about allegations of insider trading at his $15 billion hedge fund is leaving many criminal defense lawyers scratching their heads.
SAC Capital is under investigation for insider trading, and its founder Steve Cohen has received a subpoena to testify about his company before a grand jury, reports CNBC's Kate Kelly.