Hedge Funds Private Equity and Hedge Funds

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  • July 21- Goldman Sachs Group Inc will start marketing a new corporate-buyout fund of $5 billion to $8 billion, its first such fund since the 2008 financial crisis, the Wall Street Journal reported on Thursday. Citing people familiar with the matter, the Journal said Goldman hoped to raise about $500 million from its employees and was aiming for an initial close by...

  • July 21- PulteGroup Inc said on Thursday it has appointed three new directors to its board as part of a settlement deal with Elliott Management Corp, the hedge fund founded by billionaire Paul Singer. The appointment comes as the company searches for a new chief executive after Chairman and CEO Richard Dugas announced his resignation, effective May 2017, bowing...

  • July 21- U.S. teen retailer Aeropostale Inc plans to challenge in court private equity firm Sycamore Partners' claims as a creditor in its bankruptcy, according to a transcript from a court hearing held this week that was seen by Reuters. Sycamore affiliates loaned Aeropostale $150 million in 2014, and, as part of the deal, required that the chain make merchandise...

  • July 21- PulteGroup Inc said it appointed three new directors to its board as part of a settlement deal with Elliott Management Corp, the hedge fund founded by billionaire Paul Singer. The appointment comes as the company searches for a new chief executive after its chairman and CEO, Richard Dugas, announced his resignation, effective May 2017, bowing to a demand...

  • NEW YORK, July 21- Accounting firm KPMG has resigned as the auditor for Visium Asset Management, according to a letter sent to investors of the embattled hedge fund firm this week. Jacob Gottlieb, Visium's managing partner, noted that it hired accountants PKF O'Connor Davies LLP to perform 2015 audits for its hedge funds, which are being liquidated.

  • NEW YORK, July 21- Accounting firm KPMG has resigned as the auditor for Visium Asset Management, according to a letter sent to investors of the embattled hedge fund firm this week. Jacob Gottlieb, Visium's managing partner, noted that it hired accountants PKF O'Connor Davies LLP to perform 2015 audits for its hedge funds, which are being liquidated.

  • NEW YORK, July 21- Blackstone Group LP, the world's largest alternative asset manager, on Thursday reported stronger-than-expected quarterly earnings growth on robust real estate investment returns and rebounding energy prices. Blackstone said economic net income, a key metric for U.S. private equity firms that accounts for unrealized gains or losses in...

  • Steve Schwarzman, Blackstone's chairman and CEO.

    Blackstone reported stronger-than-expected quarterly earnings growth on robust real estate investment returns and rebounding energy prices.

  • SAN JUAN, Puerto Rico— Hedge funds representing a group of Puerto Rico bondholders sued the U.S. territory on Wednesday, saying it violated the terms of a rescue package recently approved by Congress to help pull the island's government out of a dire economic crisis. The hedge funds contend Puerto Rico is barred from taking those and other actions before the...

  • *Roman to replace Douglas Hodge on Nov. 1. *Luke Ellis to succeed Roman on Sep. 1. LONDON, July 20- Pacific Investment Management Co has poached Emmanuel' Manny' Roman from Man Group, the world's biggest listed hedge fund, as it tries to reverse a slump in fortunes since co-founder Bill Gross left the fund manager in 2014..

  • July 20- Warburg Pincus LLC has agreed to invest in U.S. environmental testing and sanitation company Hygiena LLC, the private equity firm said on Wednesday, gaining exposure to a business that grew sharply over the past decade. Since it was founded in 2001, Hygiena has become one of the larger providers of rapid testing technologies in the United States.

  • LONDON— Pimco, one of the world's biggest bond investors, has nabbed the head of hedge fund giant Man Group to be its next chief executive. Luke Ellis will replace Roman at Man Group, one of the world's largest publicly-traded alternative asset managers. "Man Group is an excellent business and I am sad to be leaving, but I have decided to accept this new, outstanding...

  • *Roman to replace Douglas Hodge on Nov. 1. *Luke Ellis to succeed Roman on Sep. 1. LONDON, July 20- Pacific Investment Management Co has poached Emmanuel' Manny' Roman from Man Group, the world's biggest listed hedge fund, as it tries to reverse a slump in fortunes since co-founder Bill Gross left in 2014..

  • LONDON, July 20- The chief executive of the world's biggest listed hedge fund Man Group plc Manny Roman will join Pacific Investment Management Co as its new CEO on November 1 2016, Man Group said on Wednesday. Luke Ellis will succeed Roman as chief executive officer of Man Group, the company said in an exchange filing. Jonathan Sorrell will continue as President of...

  • O'Leary: Passive model is the future

    The "Fast Money Halftime Report" traders; Stephanie Link, TIAA Global Asset Management; and Kevin O’Leary, O’Shares Investments chairman, discuss active versus passive equity fund management and what's best for your money.

  • LONDON, July 19- A Dallas hedge fund was among investors betting on a fall in the price of ARM Holdings when SoftBank Group's surprise $32 billion bid sent shares in the British chip designer surging nearly 50 percent. Data from Britain's regulator, the Financial Conduct Authority, shows that Maverick Capital had a substantial outstanding short position in ARM...

  • July 19- Yahoo Inc's core business secured five bidders in the final round including, Verizon Communications Inc, Quicken Loans Inc founder Dan Gilbert and Vector Capital Management, Bloomberg reported on Tuesday, citing people familiar with the matter. The other bidders are AT&T Inc and private equity suitor TPG, Bloomberg reported, citing a source.

  • The silhouettes of attendees are seen before the start of the Yahoo! Inc. Mobile Developer Conference in New York, U.S., on Wednesday, Aug. 26, 2015

    Final bids for the company's internet business were expected Monday, but no news came out of the company's fiscal second-quarter earnings.

  • LONDON, July 19- Hedge funds from the United States, Singapore and Hong Kong should be allowed to market themselves in the European Union, the bloc's financial watchdog said on Tuesday. The long-delayed recommendation from the European Securities and Markets Authority to the EU's executive European Commission for endorsement is a taste of what Britain's...

  • LONDON, July 19- Hedge funds from the United States, Singapore and Hong Kong should be allowed to market themselves in the European Union, the bloc's financial watchdog said on Tuesday. The long-delayed recommendation from the European Securities and Markets Authority to the EU's executive European Commission for endorsement is a taste of what Britain's...