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Hedge Funds Private Equity and Hedge Funds

  • *Q2 EPS $1.80 vs est $1.78. Sales in Honeywell's aerospace business, which activist investor Daniel Loeb wants to be spun off, fell about 3 percent to $3.67 billion in the second quarter ended June 30, but the drop was much smaller than the company's forecast of 5 to 7 percent. Loeb, who runs hedge fund Third Point LLC, has said a spin off could create more than $20 billion...

  • MADRID/ MILAN, July 21- Spanish builder ACS is in talks with various pension and infrastructure funds and private equity firms on a potential counter-bid for Abertis, two sources familiar with the matter said on Friday. ACS confirmed it was considering making an offer for Spain's Abertis after Italian infrastructure group Atlantia, controlled by the Benetton...

  • LONDON, July 21- Private equity group Permira has bought a stake of at least 10 percent in payments firm Klarna, one of Europe's most highly valued tech startups, the companies said on Friday. Klarna, which says it handles 650,000 transactions per day, got a banking licence from Sweden's financial watchdog last month, two weeks after Anders Holch Povlsen, owner of...

  • July 21- Private equity group Permira has bought a stake in payments firm Klarna, one of Europe's most highly valued tech startups. Sweden- based Klarna said on Friday that Permira will acquire the stake from existing shareholders General Atlantic and DST Global, and co-founder Niklas Adalberth. Klarna received its banking license from Sweden's financial...

  • Steve Schwarzman, CEO of Blackstone Group.

    Buyout firm Blackstone reported slightly lower-than-expected quarterly earnings on Thursday.

  • *Geographic focus includes China, India, SE Asia, Korea- source. "The fund will mainly look at China, India, Southeast Asia, Australia and Korea, and could be planning to invest in Japan as well," this person said, adding that Blackstone's global private equity fund will also contribute around 40 percent to the investments that the Asia fund makes. Last month, KKR& Co closed...

  • LONDON, July 20- Sterling dipped back below $1.30 on Thursday on concern UK ministers are prepared to walk away from Brexit talks without a deal. "Official comment this morning suggesting the UK can survive with no Brexit deal will likely outweigh on the pound maintain the downtrend," said Neil Jones, head of hedge fund FX sales at Mizuho in London.

  • *Geographic focus includes China, India, SE Asia, Korea- source. "The fund will mainly look at China, India, Southeast Asia, Australia and Korea, and could be planning to invest in Japan as well," this person said, adding that Blackstone's global private equity fund will also contribute around 40 percent to the investments that the Asia fund makes. Last month, KKR& Co closed...

  • July 20- Big Wall Street banks have spent billions of dollars and untold man-hours in recent years transforming their trading desks from hedge-fund like operations trading on their own account into market-making businesses offering a price based on what customers want to buy or sell. Goldman Sachs Group Incs second-quarter results, which saw earnings rise...

  • July 19- You might want to make sure your hedge fund managers have lots of skin in the particular game you are playing alongside them. Hedge funds have long touted their willingness to invest alongside their clients, with some $400 billion of the $3 trillion hedge fund universe belonging to insiders and related parties. We find that funds with greater investment...

  • BOSTON, July 19- Blackstone Group has written the first check from its latest seeding fund, sources familiar with the matter said this week, committing $100 million in start-up capital to a new hedge fund run by a former TPG-Axon executive. The New York- based investor, one of the world's biggest alternative asset managers, funded Keita Arisawa's Hong Kong- based...

  • *Genoa- base group confirms 2017 guidance. MILAN, July 19- Italian rail-signalling company Ansaldo STS is looking for small acquisitions to offset a sector slowdown though it sees no quick solution to its row with activist funds holding almost a third of the group, its chief executive told Reuters. Owned by U.S. hedge fund manager Paul Singer, Elliott is vocal in...

  • A trader works at the BFAM Partners Ltd. office in Hong Kong, China, on Monday, May 9, 2016.

    CNBC's Leslie Picker reports hedge funds posted positive returns in the first six months of 2017 where much of the gains were found in traditional, discretionary funds.

  • July 18- Safeway Inc has agreed to pay $3 million to resolve claims the U.S. supermarket chain failed to promptly report missing or stolen drugs including opioid medications at its pharmacies, the U.S. Justice Department said on Tuesday. Albertsons, one of the largest U.S. grocery chains, is backed by private equity firm Cerberus Capital Management LP.

  • Tudor Investment Corp. has been considering a move to a location closer to the commuter rail line to make it easier to travel back and forth to New York City, spokesman Patrick Clifford said. The firm has agreed to sell its 43- acre property in Greenwich to the private Brunswick School, which is across the street, Tudor Jones said. "This change would support easy...

  • TOKYO, July 18- Toshiba Corp shares jumped by nearly a fifth on Tuesday after a U.S. hedge fund said it had added a stake and the Japanese conglomerate avoided an immediate court injunction on a planned $18 billion sale of its chip business. U.S. hedge fund Greenlight Capital, run by David Einhorn, said on Friday the stock may be worth as much as 400 yen once the company...

  • TOKYO, July 18- Toshiba Corp shares jumped by nearly a fifth on Tuesday after a U.S. hedge fund said it had added a stake and the Japanese conglomerate avoided an immediate court injunction on a planned $18 billion sale of its chip business. U.S. hedge fund Greenlight Capital, run by David Einhorn, said on Friday the stock may be worth as much as 400 yen once the company...

  • MONTEREY, Calif., July 17- The California Public Employees' Retirement System on Monday said it was considering making direct investments in private companies, a potential major shift in strategy that would be the first such action by a U.S. public pension fund. The change, discussed at a meeting of CalPERS board in Monterey, would be closely watched by other U.S....

  • TOKYO, July 18- Japan's Nikkei share average fell to a more than one-week low on Tuesday morning after cyclical stocks lost ground as a stronger yen hit sentiment, while Toshiba Corp rallied after news a U.S. hedge fund increased its stake in the tech company. "U.S. yields seemed to have hit the ceiling and the dollar is weakening against the yen, and that's dragging...

  • *Toshiba could be worth Y400 per share in future- Greenlight. TOKYO, July 18- Toshiba Corp shares jumped on Tuesday after a U.S. hedge fund said it had added a stake and after Western Digital Corp did not gain an immediate injunction to block the $18 billion sale of the Japanese conglomerate's chip unit. Toshiba may be worth as much as 400 yen per share once it resolves a...