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Hedge Funds Private Equity and Hedge Funds

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  • Every little helps: Temasek, MBK to bid for Tesco unit Wednesday, 26 Aug 2015 | 11:33 PM ET
    A general view of a Tesco supermarket in Glasgow, Scotland

    Private equity firm MBK Partners and Singapore state investor Temasek Holdings are bidding for Tesco's South Korea arm.

  • SINGAPORE, Aug 27- Singapore state investor Temasek Holdings Ltd has partnered Asia- focused private equity firm MBK Partners to bid for the South Korea arm of British supermarket operator Tesco PLC, two people familiar with the matter told Reuters. It is vying against Carlyle Group LP and a consortium comprising Affinity Equity Partners and KKR& Co, Reuters...

  • BOSTON, Aug 26- William Ackman's hedge fund Pershing Square Capital Management is down for the year so far after the recent market decline, the billionaire investor told investors on Wednesday. Lower commodity prices or economic weakness in China are unlikely to have a "material impact on the intrinsic value of the portfolio," Ackman continued.

  • BNY Mellon said an accounting system it relies on to calculate the prices of clients' mutual funds and exchange traded funds broke down over the weekend just as investors headed into a global market meltdown sparked by fears over the Chinese economy. The system, run by financial software provider SunGard, resumed with limited capacity on Tuesday but was still...

  • SAFT ON WEALTH-Are hedge funds just pricey and passive? Wednesday, 26 Aug 2015 | 5:11 PM ET

    Aug 26- Investors in hedge funds are likely to be paying for a product more like an index fund than a skill-driven market beater. So finds a new study by Mikhail Tupitsyn and Paul Lajbcygier of Monash University in Australia, who looked at the evidence of 5,580 hedge funds, about half active and half now closed, between 1994 and 2010.. "The question at the heart of this...

  • The greenback is still seen as a refuge for those with the closest links to China such as companies and investors operating in Australian, Canadian, and New Zealand dollars as well as a slew of emerging market currencies. First, an accelerating economic slowdown in China and the resulting volatility in global markets have lowered expectations for a Federal...

  • BOSTON/ NEW YORK, Aug 25- Just after the Dow Jones Industrial Average plunged over 1,000 points on Monday morning, New York- based hedge fund manager Sahm Adrangi sent around his weekly note showing his fund lost 2 percent so far in August. Adrangi, whose $350 million Kerrisdale Capital is still up 10 percent so far this year, stands with several other well-known...

  • NEW YORK, Aug 25- Ray Dalio, the founder of Bridgewater Associates, the world's largest hedge fund, said the firm believes the next big move by the U.S. "The ability of central banks to ease is limited, at a time when the risks are more on the downside than the upside and most people have a dangerous long bias," said Dalio, who helps manage $162 billion at Bridgewater.

  • BOSTON/ NEW YORK, Aug 25- Just after the Dow Jones Industrial Average plunged over 1,000 points on Monday morning, New York- based hedge fund manager Sahm Adrangi sent around his weekly note showing his fund lost 2 percent so far in August. Adrangi, whose $350 million Kerrisdale Capital is still up 10 percent so far this year, stands with several other well-known...

  • NEW YORK, Aug 24- The U.S. Patent and Trademark Office on Monday rejected an attempt by prominent hedge fund manager Kyle Bass to challenge two patents on Acorda Therapeutics Inc's flagship multiple sclerosis drug, Ampyra. Bass, founder of Dallas- based Hayman Capital Management, has said big companies were improperly extending patent protection in...

  • Aug 24- Third Point LLC, the hedge fund firm run by activist investor Daniel Loeb, has settled U.S. regulatory charges that it failed to properly seek antitrust clearance while it built a big stake in Yahoo Inc in 2011.. The settlement, announced on Monday by the U.S. Department of Justice and Federal Trade Commission, resolves claims that Third Point took five weeks...

  • Belk to sell itself and go private in $3B deal Monday, 24 Aug 2015 | 11:34 AM ET

    CHARLOTTE, N.C.— Department store chain Belk Inc. says it has agreed to sell itself to New York- based private equity firm Sycamore Partners and go private in a deal that it valued at about $3 billion, including assumed debt. Under the terms of the agreement, Belk stockholders will receive $68 for each of their shares. Tim Belk will remain as the company's CEO and the...

  • Aug 24- Fashion department store operator Belk Inc said it would be acquired by private equity firm Sycamore Partners in a deal valued at about $3 billion, including debt.

  • Aug 21- Steiner Leisure Ltd, an operator of spas on cruise ships and in hotels, will be taken private by private equity firm Catterton Partners for about $843 million. Catterton has investments in consumer companies including high-end home furnishings chain Restoration Hardware Holdings, restaurant operator Noodles& Co and toymaker Build-A-Bear Workshop.

  • Aug 21- Spa services provider Steiner Leisure Ltd said it would be taken private by private equity firm Catterton Partners for about $925 million, including debt.

  • SEOUL/ HONG KONG, Aug 21- Private equity firms have formed three separate teams to bid for Tesco's South Korean business valued at about $6 billion, four people with knowledge of the matter said on Friday, in what is tipped as Asia's biggest ever private equity deal. Asia- based Affinity Equity Partners has linked up with U.S. private equity firm KKR& Co, while Carlyle...

  • Sears sales soften in 2nd quarter Thursday, 20 Aug 2015 | 6:09 AM ET

    HOFFMAN ESTATES, Ill.— Sears' sales declined in the second quarter as it shifted away from low-margin goods like electronics and it focused on increasing the number of loyal customers through reward programs. Chairman and CEO Edward Lampert, a billionaire hedge fund investor, combined Sears and Kmart in 2005, about two years after he helped bring the latter out...

  • Aug 19- A federal appeals court on Wednesday refused to undo a central component of Tribune Co's bankruptcy plan in a defeat for prominent hedge fund Aurelius Capital Management LP, which claimed it was short-changed by the reorganization. By a 3-0 vote, the 3rd U.S. Circuit Court of Appeals in Philadelphia said letting Aurelius, a specialist in distressed debt,...

  • LONDON, Aug 18- A relatively small group of hedge fund managers has placed a record bet on U.S. oil prices declining further in the months ahead. Hedge funds and other money managers had accumulated gross short futures and options positions totalling 163 million barrels in the main NYMEX light sweet crude contract by Aug. 11, according to data released by the...

  • Carlyle considers shutting $4B credit hedge fund Tuesday, 18 Aug 2015 | 7:34 AM ET
    David Rubenstein, The Carlyle Group co-founder and managing director

    Carlyle is considering shutting its $4bn credit hedge fund Claren Road after investors asked to pull almost half of their money out.