Hedge Funds Private Equity and Hedge Funds

  • MILAN, Sept 30- The owner of Italian supermarket chain Esselunga, Bernardo Caprotti, has died at the age of 90, two sources close to the family said on Friday. Until then, he had been in talks over a possible sale of the group to private equity funds for up to 6 billion euros. The funds involved in the talks include Blackstone, CVC Capital Partners and BC Partners,...

  • MILAN, Sept 30- Having worked all his life to build Italy's fourth biggest supermarket chain and protect it from rivals, 90- year-old Bernardo Caprotti spent the past few months fighting to make sure his brand will thrive without him. The billionaire, working from his three-storey, heavily guarded home in central Milan, has been in talks with private equity funds...

  • MILAN, Sept 30- Having worked all his life to build Italy's fourth biggest supermarket chain and protect it from rivals, 90- year-old Bernardo Caprotti spent the past few months fighting to make sure his brand will thrive without him. The billionaire, working from his three-story, heavily guarded home in central Milan, has been in talks with private equity funds...

  • FRANKFURT/ LONDON, Sept 30- Deutsche Bank's chief executive sought to reassure his staff on Friday that Germany's largest lender remained robust after fears over its stability sent tremors through global financial markets. Chief Executive John Cryan's letter, seen by Reuters, addressed reports of the departure of a few hedge fund clients, hitting out at "...

  • FRANKFURT/ LONDON, Sept 30- Deutsche Bank's chief executive sought to reassure his staff on Friday that Germany's largest lender remained robust after its shares again fell to record lows, sending tremors through global financial markets. Chief Executive John Cryan's letter, seen by Reuters, addressed reports of the departure of a few hedge fund clients,...

  • Jesse Cohn, Elliott Management

    Elliott Management said it bought 8.1 percent stake in Mentor Graphics, calling on the company to pursue "strategic opportunities."

  • Dan Och

    Och-Ziff Capital Management will pay $412 million to resolve U.S. probes into the hedge fund's role in bribing officials in several African countries.

  • Deutsche Bank CEO John Cryan

    Deutsche Bank Chief Executive John Cryan on Friday moved to reassure staff after shares in Germany's largest lender hit an historic low amid.

  • FRANKFURT/ LONDON, Sept 30- Deutsche Bank's chief executive sought to reassure his staff on Friday that Germany's largest lender remained robust, telling them that the departure of any hedge fund clients was small compared to the bank's vast customer base. Chief Executive John Cryan's letter, seen by Reuters, addresses reports of the departure of "some few" hedge...

  • FRANKFURT, Sept 30- Deutsche Bank Chief Executive John Cryan on Friday moved to reassure staff after shares in Germany's largest lender hit an historic low amid renewed concerns over its stability. Cryan said he understood that employees could be unsettled by extensive speculation in the media that a few hedge fund customers had left the group but said the...

  • *Elliott's stake comes months after Carl Icahn exited investment. Elliott's broad range of investments across the tech industry are overseen by portfolio manager Jesse Cohn, who also leads its private equity investing arm, Evergreen, based in Menlo Park, California. In June, it partnered with Francisco Partners to acquire Dell Inc's software assets in a deal...

  • NEW YORK, Sept 29- CNO Financial Group Inc on Thursday said that two of its subsidiaries were terminating agreements with reinsurer Beechwood Re, after regulators in two states said that many assets managed by Beechwood were not compliant with insurance company guidelines because of exposure to troubled hedge fund manager Platinum Partners.

  • Sept 29- Och-Ziff Capital Management Group LLC will pay $412 million and CEO Daniel Och will pay $2.17 million to resolve U.S. probes into the hedge fund's role in bribing officials in several African countries, U.S. authorities said on Thursday. In the first U.S. foreign bribery case against a hedge fund, Och-Ziff subsidiary OZ Africa Management GP LLC pleaded...

  • Sept 29- Activist hedge fund Elliott Management said it picked up an 8.1 percent stake in electronics hardware supplier Mentor Graphics Corp, a few months after Carl Icahn exited the company. The company's shares rose as much as 6.5 percent to $26.30 in after-market trading on Thursday. Elliott, founded by billionaire Paul Singer, said Mentor Graphics' shares...

  • Sept 29- Hedge fund Och-Ziff Capital Management Group LLC will pay over $400 million and Chief Executive Officer Daniel S. Och will pay another $2.2 million to resolve civil and criminal charges related to bribing officials in several African countries, U.S. prosecutors and regulators said on Thursday. As part of a deal with the Justice Department, Och-Ziff...

  • A trader works on the floor of the New York Stock Exchange (NYSE).

    The Rhode Island state treasurer said Thursday he plans to reallocate hedge fund money into more traditional asset classes over the next two years.

  • Sept 29- Two consortia have formed to make offers to buy Cabela's Inc this week, people familiar with the matter said, making the sale of the U.S. outdoor gear retailer, which has been targeted by activist fund Elliott Management Corp, more likely. Privately held retailer Bass Pro Shops, which has partnered with Goldman Sachs Group Inc's private equity arm, is now...

  • Sept 29- Two consortia have formed to make offers to buy Cabela's Inc this week, people familiar with the matter said, making the sale of the U.S. outdoor gear retailer more likely as it has been targeted by activist fund Elliott Management Corp.. Privately held retailer Bass Pro Shops, which has partnered with Goldman Sachs Group Inc's private equity arm, is now...

  • The Securities and Exchange Commission announced in Washington that it reached a $200 million civil settlement in the corruption scandal involving Och-Ziff Capital Management Group, considered the largest publicly traded hedge fund in the U.S. The SEC had accused Och-Ziff of being part of a scheme to secure mining rights and influence officials in Libya,...

  • WASHINGTON, Sept 29- Hedge fund Och-Ziff Capital Management Group LLC will pay about $200 million and Chief Executive Officer Daniel S. Och will separately pay another $2.2 million to settle civil charges related to bribing foreign officials, U.S. regulators said Thursday. The Securities and Exchange Commission said that Chief Financial Officer Joel Frank,...