Hedge Funds Private Equity and Hedge Funds

  • President Donald Trump's policies could lead to more violent stock market movements, something prominent hedge fund manager Lee Ainslie said could help his portfolio rebound after a lousy 2016.. Ainslie's $11 billion Maverick Capital missed out on a rally sparked by Trump's unexpected election in November and ended the year with double digit losses in its...

  • Jan 20- The U. S Securities and Exchange Commission asked Herbalife Ltd for documents and information related to the dietary supplements maker's compliance with anti-corruption laws in China, the company said on Friday. Hedge fund manager Bill Ackman, who had called Herbalife a pyramid scheme, said a couple of years back that the company was breaking...

  • *Colony Capital sells entire stake in Edenred. PARIS, Jan 20- Shares in French voucher and prepaid card provider Edenred slid lower on Friday after its second-largest shareholder Colony Capital sold its entire 11.2 stake in the company. Colday E, a vehicle of private equity firm Colony Capital, said 5.53 percent of the capital had already been sold off-market to...

  • PARIS, Jan 20- Shares in French voucher and prepaid card provider Edenred fell by around 3 percent on Friday after major shareholder Colony Capital sold its entire 11.2 percent stake in the company. Colday E, a vehicle of private equity firm Colony Capital, said 5.53 percent of the capital had already been sold off-market to an unnamed investor, and it would sell...

  • NEW YORK, Jan 19- A former portfolio manager at Visium Asset Management LP was convicted of securities fraud on Thursday, following a trial that stemmed from a federal investigation that led to the New York- based hedge fund's closure last year. Stefan Lumiere, whose sister was married to Visium founder Jacob Gottlieb when he worked at the hedge fund, was found...

  • 'Cautious optimism' on US-China ties

    Wei Chen, chairman at Sun Capital, says that while he's cautious about Trump's China rhetoric, the U.S. economy makes investors optimistic.

  • TOKYO, Jan 20- Toshiba Corp has started the process to sell a minority stake in its profitable flash memory chip business, expecting to fetch several billion dollars as it faces a bigger-than-expected writedown for its U.S. nuclear business, Kyodo News reported. European private equity fund Permira and U.S. fund Bain Capital are interested in the bid for what is...

  • NEW YORK, Jan 19- A former portfolio manager at Visium Asset Management LP was convicted of securities fraud on Thursday, following a trial that stemmed from a federal investigation that led to the New York- based hedge fund's closure last year. Stefan Lumiere, whose sister was married to Visium founder Jacob Gottlieb when he worked at the hedge fund, was found not...

  • Treasury Secretary nominee Steven Mnuchin said on Thursday he would work to eliminate the need for offshore tax havens, as Democratic senators accused the Wall Street veteran of using such vehicles to shelter hedge fund money from the government. In a confirmation hearing before the Senate Finance Committee, President-elect Donald Trump's pick to lead the...

  • **Insurance broker Aon Plc is in advanced talks to sell its employee benefits outsourcing unit to buyout firm Clayton Dubilier& Rice LLC for nearly $4.5 billion, people familiar with the matter said on Thursday. **FirstEnergy Corp said on Thursday it would sell four gas-generating plants in Pennsylvania and portion of a Virginia hydroelectric power station to a...

  • **Insurance broker Aon Plc is in advanced talks to sell its employee benefits outsourcing unit to buyout firm Clayton Dubilier& Rice LLC for nearly $4.5 billion, people familiar with the matter said on Thursday. **FirstEnergy Corp said on Thursday it would sell four gas-generating plants in Pennsylvania and portion of a Virginia hydroelectric power station to a...

  • SANTIAGO, Jan 19- Middle Eastern private equity investor Abraaj Group has bought a majority stake in Chile's private home furnishings retailer Casaideas in its first foray into the country, Abraaj said on Thursday. Casaideas runs more than 50 stores in South America, including 33 in Chile and 16 in Peru. Abraaj has made a number of investments in other countries...

  • WASHINGTON, Jan 19- President-elect Donald Trump's choice to head the U.S. In prepared testimony for his confirmation hearing before the Senate Finance Committee, the Wall Street veteran said accusations his OneWest Bank had operated as a "foreclosure machine" were untrue and politically motivated. Mnuchin, a former Goldman Sachs executive, hedge fund...

  • Jan 19- Insurance broker Aon Plc is in advanced talks to sell its employee benefits outsourcing unit to buyout firm Clayton Dubilier& Rice LLC for nearly $4.5 billion, people familiar with the matter said on Thursday. The divestiture would undo much of Aon's 2010 acquisition of human resources services provider Hewitt Associates Inc for $4.9 billion,...

  • ST. LOUIS, Jan 19- Peabody Energy Corp, the world's largest private-sector coal producer, is squaring off in court with shareholders who claim their stock should not be wiped out in the company's $8 billion Chapter 11 bankruptcy, given a rise in prices for the fuel. Shareholders led by hedge fund Mangrove Partners hope to prove at a hearing in St. Louis on Thursday...

  • WASHINGTON, Jan 19- President-elect Donald Trump's choice for Treasury secretary, Steven Mnuchin, will defend his banking record in the aftermath of the financial crisis on Thursday and sell senators on why he should be given stewardship of the U.S. financial system. Mnuchin, a former Goldman Sachs executive, hedge fund manager and Hollywood film financier,...

  • Powerful firms such as Citadel LLC and Millennium Management LLC charge clients for such costs through so-called "pass-through" fees, which can include everything from a new hire's deferred compensation to travel to high-end technology. Clients of losing funds last year, including those managed by Blackstone Group LP's Senfina Advisors LLC, Folger Hill...

  • WASHINGTON, Jan 19- President-elect Donald Trump's choice for Treasury secretary, Steven Mnuchin, will defend his banking record in the aftermath of the financial crisis on Thursday and sell senators on why he should be given stewardship of the U.S. financial system. Mnuchin, a former Goldman Sachs executive, hedge fund manager and Hollywood film financier,...

  • Powerful firms such as Citadel LLC and Millennium Management LLC charge clients for such costs through so-called "pass-through" fees, which can include everything from a new hire's deferred compensation to travel to high-end technology. Clients of losing funds last year, including those managed by Blackstone Group LP's Senfina Advisors LLC, Folger Hill...

  • NEW YORK, Jan 18- Axeon Specialty Products plans on shutting down its 75,000 barrel-per-day asphalt refinery in Paulsboro, New Jersey, as early as this summer, according to a local politician and sources familiar with the company's plans. Axeon is owned by New York- based hedge fund Lindsay Goldberg. Neither Axeon nor Lindsay Goldberg responded to requests for...