Hedge Funds Private Equity and Hedge Funds

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  • LONDON, July 28- Britain's battered pound looks to be holding its own a month after the shock vote for a Brexit, even as the Bank of England prepares to take UK interest rates below their U.S. equivalents for the first time in a decade. Sterling sank by 14 percent within hours of the decision to quit the European Union in June 23' s referendum and banks were quickly...

  • NEW YORK, July 28- Fortress Investment Group said on Thursday it plans to shut its Fortress Centaurus Global hedge funds, continuing the firm's move away from hedge funds that invest in liquid, or easy to trade, assets such as stocks. The Centaurus funds, which managed $182 million in assets as of June 30, use a so-called global event driven strategy, betting on...

  • BOSTON, July 28- Activist hedge fund Marcato Capital Management announced its second big investment in a week on Thursday, saying it snapped up a 5.1 percent stake in crane and heavy equipment manufacturer Terex Corp.. Hepler specialized in industrials while working for famed activist investor Ralph Whitworth's Relational Investors.

  • NEW YORK, July 28- Global stock markets fell on Thursday in the wake of disappointing U.S. and European corporate results while the dollar took its biggest tumble in almost two months after the U.S. Equity markets retreated after Royal Dutch Shell in Europe reported a more than 70 percent fall in quarterly profit that was well below analysts' estimates.

  • July 28- Claire's Stores Inc has decided to start negotiations with its creditors about restructuring its debt, as it seeks to avoid becoming the latest U.S. teen retailer to file for bankruptcy protection, according to people familiar with the matter. Apollo Global Management LLC, the private equity firm that owns Claire's, has asked law firm Morgan, Lewis&...

  • DUBAI, United Arab Emirates— Abu Dhabi's government-backed Mubadala Development Company has agreed to buy a 20- percent stake in Bahraini investment firm Investcorp. It also has stakes in Fairfield, Connecticut- based General Electric Co. and Washington- based private equity firm The Carlyle Group. Mubadala is in the process of being merged with the...

  • July 27- Buyout firms Advent International and CVC Capital Partners have made offers to acquire inVentiv Group Holdings, a pharmaceutical research firm seeking to go public at a valuation of over $4 billion including debt, people familiar with the matter said. Thomas H. Lee Partners, the private equity firm that owns inVentiv, will decide by next week whether to...

  • In an election year featuring Hillary Clinton and Donald Trump this finding raises some interesting questions. From December 2008 to September 2009 funds identified as run by Democrat managers beat those run by Republicans by 72 basis points per month, an unusually large margin over an otherwise unrepeated period. The difference in performance by hedge...

  • NEW YORK, July 27- Private equity firm Carlyle Group L.P. posted higher-than-expected quarterly earnings on Wednesday as a rebound in oil prices and a firmer global financial market bolstered investment returns. The Washington D.C.- based firm, which manages $175.6 billion, is the latest U.S. buyout company to benefit from stabilising crude prices that have...

  • BOSTON, July 27- Billionaire investor Steven A. Cohen is committing $250 million to a Boston- based investment firm that lets scientists, developers and students submit computerized investment models and then picks the most promising ones to manage the money. Quantopian, a hedge fund that makes investments with the help of algorithms submitted by thousands of...

  • WARSAW, July 27- Chinese e-commerce group Alibaba, U.S. online retailer eBay Inc, and private equity firm CVC Capital Partners are among the bidders for Eastern Europe's No.1 auction website Allegro from South Africa's Naspers, sources said. A deal worth between 2 and 3 billion euros, is expected by the end of the year, market sources said. Polish online groups Wp.pl,...

  • NEW YORK, July 27- Private equity firm Carlyle Group L.P. posted higher-than-expected quarterly earnings on Wednesday, in line with its peers, as a firmer global financial market bolstered investment returns. After taxes, Carlyle said it had earned ENI of $115.1 million, or 35 cents per share. The Washington D.C.- based firm, which manages $175.6 billion, is the...

  • NEW YORK, July 27- Private equity firm Carlyle Group L.P. posted higher-than-expected quarterly earnings on Wednesday, in line with its peers, as a firmer global financial market bolstered investment returns. Carlyle said it had earned economic net income, a key metric for U.S. private equity firms that accounts for unrealized gains or losses in investments, of...

  • SHANGHAI, July 27- China's securities regulator has asked firms to curb the use of borrowed money when participating in secondary private equity placements, the China Securities Journal reported on Wednesday, citing anonymous investment banking sources. In a recent training session given by the China Securities Regulatory Commission, firms were given "...

  • LONDON, July 26- Hedge funds and other money managers have begun to amass another large short position in futures and options contracts linked to the price of crude oil. Hedge funds increased their short positions in NYMEX WTI futures and options from 53 million barrels on May 31 to 141 million barrels on July 19, anticipating a further drop in prices.

  • July 26- Japan's Nidec Corp has emerged as the frontrunner to buy Emerson Electric Co's motors and drives unit in a deal estimated to be about $1 billion, according to two sources familiar with the matter. Reuters earlier reported that private equity group Clayton Dubilier& Rice, Wolong Electric and another Chinese company were conducting due diligence on...

  • NEW YORK, July 26- Private equity firm KKR& Co LP reported higher-than-expected earnings on Tuesday, benefiting from a steady rise in oil prices and stronger U.S. equity and credit markets. New York- based KKR said it had earned economic net income of 23 cents a share in the second quarter, down from 88 cents a year earlier but well above analysts' forecasts of 5 cents,...

  • July 26- Japan's Nidec Corp has emerged as the frontrunner to buy Emerson Electric Co's motors and drives unit in a deal estimated to be about $1 billion, according to two sources familiar with the matter. Reuters earlier reported that private equity group Clayton Dubilier& Rice, Wolong Electric and another Chinese company were conducting due diligence on...

  • July 26- Japan's Nidec Corp is the leading bidder for Emerson Electric Co's motors and drives unit in a sale that may fetch about $1 billion, according to two sources familiar with the matter. Reuters earlier reported that private equity group Clayton Dubilier& Rice, as well as Wolong Electric and another Chinese company were conducting due diligence on...

  • LONDON, July 26- Hedge funds and other money managers have begun to amass another large short position in futures and options contracts linked to the price of crude oil. Hedge funds increased their short positions in NYMEX WTI futures and options from 53 million barrels on May 31 to 141 million barrels on July 19, anticipating a further drop in prices.