Power and Money


  Tuesday, 6 Mar 2007 | 3:08 PM ET

Hedge Funds: Bigger Is Better -- And "Cleaner"

Posted By: Greg Levine
After the Amaranth collapse, many agree that hedge funds could use some guidelines. But regulators -- and some investors -- fear strict rules created at the "emotional level." CNBC's Melissa Lee reports from the World Hedge Fund Forum in Connecticut. »Read more
  Monday, 26 Feb 2007 | 10:30 AM ET

The Real Winner On The TXU Deal

Posted By: Melissa Lee
Look below the surface of the $45b takeout of TXU and what do you see? A long list of concessions to help the deal sail through. But to find who really wins from these concessions, look a little deeper. »Read more
  Tuesday, 6 Feb 2007 | 2:10 PM ET

Way Beyond Hedge Fund Hotshot

James Simons, the founder of Renaissance Technologies, is one of the most interesting people I've interviewed -- ever. It's not just because he is a veritable legend in the world of investing. He told me in late January that his flagship Medallion fund posted returns in the "high 40s or 50s" in percentage terms in 2006. Since 1989, it's posted average annual returns of 35%, topping hedge fund luminaries Paul Tudor Jones and George Soros. »Read more
  Friday, 2 Feb 2007 | 12:33 PM ET

Hottest Topics in Private Equity: Carlyle Says ...

When Carlyle speaks, people listen. At least, people who are interested in investing or in attempting to replicate the private equity giant's returns. Bill Conway, founding partner and managing director at Carlyle, spoke yesterday afternoon at the Dow Jones Private Equity Analyst Outlook Conference in New York City. And looking at the faces in the audience, people really listened. For those of you who were not fortunate enough to be there, and listen to the excellent discussion led by Wall Street Journal Special Correspondent Henny Sender, here's what Conway had to say about some of the hottest topics in private equity today ... »Read more
  Wednesday, 20 Dec 2006 | 1:18 PM ET

Beyond the Big Bucks of the Behemoth Megafunds

Posted By: Melissa Lee
There's more to the world of private equity than the giants -- the Bains, Carlyles, KKRs of the world. True, more than 50% of all funds raised in 2006 were raised by the top 20 firms. But, there is a vibrant layer of firms doing fundraising below that top 20. »Read more
  Tuesday, 19 Dec 2006 | 10:03 AM ET

Pay Envy - What Compensation Figures May Not Reveal

Posted By: Melissa Lee
In the world of alternative investments, they use alternative methods of compensation. Base and bonus don't accurately represent what these folks are making. Hedge fund pay, the focus of my Power & Money report today, is the perfect example. The average pay for a CEO was $4.5 million, according to Infovest. The average pay for a portfolio manager: $2.5 million. But what these numbers don't include is the fattest part of the paycheck... »Read more
  Thursday, 14 Dec 2006 | 4:45 PM ET

DIY Buyout Defense

Posted By: Melissa Lee
There is a big, giant bullseye painted in bright red over the entire retail sector. Private equity firms are sniffing around targets like the Gap (which, according to Women's Wear Daily, may have a bidder in Eddie Lampert), Barnes and Noble, and Home Depot. »Read more
  Wednesday, 13 Dec 2006 | 10:13 AM ET

Hedge Funds for the Rich(er)

Posted By: Melissa Lee
News out just moments ago that the Securities and Exchange Commission is raising the minimum requirements for so-called "accredited investors." It gets bumped up to $2.5m from $1m, where it had stood unchanged since 1982. »Read more
  Tuesday, 12 Dec 2006 | 3:02 PM ET

7 For '07: Melissa Lee, Power & Money

Posted By: By cnbc.com staff
You should expect to hear more calls for greater regulation of hedge funds, and watch out for another wave of big buyouts by private equity groups in the coming year.  »Read more
  Monday, 4 Dec 2006 | 2:09 PM ET

Welcome to Power & Money

Posted By: Melissa Lee
Welcome everyone! This is the home of the Power & Money blog, where we will focus on the latest issues in the worlds of hedge funds and private equity. »Read more

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