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Hedge Funds Private Equity and Hedge Funds

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  • NEW YORK, July 31- A New York judge has narrowed the scope of a $100 million defamation lawsuit filed by billionaire hedge fund manager Louis Bacon against Canadian fashion designer Peter Nygård, part of a bitter dispute over neighboring properties they own in the Bahamas. In a decision made public on Friday, Justice Cynthia Kern in State Supreme Court in...

  • LONDON, July 31- New Bank of England policymaker Gertjan Vlieghe said on Friday that he would sever all links with his previous employer, one of the world's biggest hedge funds, to avoid "any mistaken impression" of a conflict of interest. Vlieghe had wanted to stay part of a long-term incentive plan at Brevan Howard, where he was a partner, after he joins the BoE's...

  • LONDON, July 31- New Bank of England policymaker Gertjan Vlieghe said on Friday that he would sever all financial links with his previous employer, hedge fund Brevan Howard, to avoid any accusations of a conflict of interest. Britain's finance ministry said this did not pose a conflict of interest. "As of August 31st I will have severed all financial and other ties...

  • *IPO could value firm at 3.5 to 4 bln euros incl debt- source. FRANKFURT, July 31- Germany's biggest digital classifieds group Scout24 has revived last year's listing plans and aims to debut on the stock market in autumn, according to two sources familiar with the matter. Private equity firms Hellman& Friedman and Blackstone own 70 percent of Scout24, which they...

  • MUMBAI, July 31- India's Reliance Communications has revived a plan to sell a stake in its tower unit, attracting early interest from U.S. private equity firms as well as sector rivals, three sources with direct knowledge of the matter said. Reliance Communications, India's fourth-biggest mobile phone carrier, is looking at a valuation of about $4 billion for the...

  • MUMBAI, July 31- India's Reliance Communications has revived a plan to sell a 51 percent stake in its tower unit, attracting early interest from U.S. private equity firms as well as domestic and American industry players, two sources with direct knowledge of the matter said. Reliance Communications, India's fourth-biggest mobile phone carrier and headed by...

  • Hedge fund Elliott eyes fresh market turbulence Thursday, 30 Jul 2015 | 8:15 PM ET

    BOSTON/ NEW YORK, July 30- Paul Singer's $27 billion hedge fund Elliott Associates is worried about Europe's prospects and is bracing for fresh market turbulence. In a letter to investors dated July 23 and seen by Reuters on Thursday, the New York- based firm told clients that it has returned 2.8 percent in its Elliott Associates, L.P. and 2.2 percent in its Elliott...

  • Protestors target hedge fund holding Puerto Rico debt Thursday, 30 Jul 2015 | 4:54 PM ET

    NEW YORK, July 30- Protestors carrying a vulture puppet and chanting in Spanish marched outside the Park Avenue offices of a major holder of Puerto Rico's debt on Thursday to protest proposed austerity measures. The approximately 45 protestors from Hispanic community organizations slammed BlueMountain Capital Management, which holds Puerto Rico...

  • Prosecutors ask justices to review insider trading case Thursday, 30 Jul 2015 | 12:15 PM ET

    WASHINGTON— The Obama administration asked the Supreme Court Thursday to reinstate securities fraud convictions against two hedge fund portfolio managers, saying a federal appeals court ruling in the financiers' favor makes it harder to prosecute insider trading. The justices should reverse the December ruling by the 2nd U.S. Circuit Court of Appeals in...

  • LONDON, July 30- New Bank of England rate-setter Gertjan Vlieghe should reassure parliament that his ongoing financial link to one of the world's biggest hedge funds does not pose a conflict of interest, a senior legislator said on Thursday. Vlieghe will give up his partnership at Brevan Howard Asset Management, whose traders bet on interest rate moves, before...

  • July 30- European private equity firm PAI Partners said on Thursday it had agreed to sell Swissport International to China's HNA Group, a deal that will help the Swiss air cargo handler broaden its reach in Asia. HNA Group, the owner of China's Hainan Airlines, will pay 2.7 billion Swiss francs for Zurich- based Swissport. "The acquisition by HNA will enable the...

  • HEDGE FUND MANAGER JOHN PAULSON DONATES $8.5 MILLION TO NEW YORK CITY CHARTER SCHOOL NETWORK.

  • The gift to Success Academy marks the 59- year old hedge fund manager's second multi-million dollar pledge to a school in two months, following a record $400 million donation to Harvard University in early June. Some of the money will be used in part to open two new middle schools next month, raising the total of schools run by the network to 34, Success Academy...

  • NEW YORK, July 30- The private equity and other pooled funds that have made century-old buildings some of the hottest properties in Manhattan have been cashing out at double the rate of a few years ago, but strong buying from other investors has assuaged fears that the market is peaking. The arrival of Apple Inc, Facebook Inc and Google Inc over the past decade has...

  • LONDON, July 30- Hedge funds from Guernsey, Jersey and Switzerland should be allowed to serve investors across the 28 country European Union, the bloc's securities watchdog said on Thursday. The European Securities and Markets Authority also said it has not yet reached a view on whether hedge funds and other alternative investment funds from the United States...

  • NEW YORK, July 29- Celgene Corp, one of the world's largest biotechnology companies, has accused U.S. hedge fund manager Kyle Bass of attempting to profit from his attempts to wipe out several major drug patents through his Coalition for Affordable Drugs. Patent and Trademark Office on Tuesday to sanction Bass and others behind the group by throwing out its...

  • PARIS, July 29- A Paris commercial court gave U.S. group XPO Logistics the green light on Wednesday to proceed with its post-purchase integration of French transport firm Norbert Dentressangle, throwing out an injunction sought by a U.S. hedge fund. The court also rejected XPO's request to extend a temporary injunction barring Elliott Capital Advisors from...

  • *Vlieghe to retain interest in Brevan Howard hedge fund. LONDON, July 29- New Bank of England policymaker Gertjan Vlieghe will retain a financial interest in one of the world's biggest hedge fund firms while he sets interest rates, an arrangement that Britain's finance ministry said posed no conflict of interest. Some economists privately expressed surprise...

  • *Vlieghe to retain interest in Brevan Howard hedge fund. LONDON, July 29- New Bank of England policymaker Gertjan Vlieghe will retain a financial interest in one of the world's biggest hedge fund firms while he sets interest rates, an arrangement which Britain's finance ministry said posed no conflict of interest. Some economists privately expressed surprise...

  • Man Group gets H1 performance fee boost, shares rise Wednesday, 29 Jul 2015 | 4:31 AM ET

    LONDON, July 29- British hedge fund manager Man Group posted forecast-beating first-half results on Wednesday, boosted by performance fee gains and a rise in profits that sent its shares higher. After a quarter in which markets were roiled by political troubles in Greece and a sharp drop in the Chinese stock market, hitting performance of its AHL investment...