Hedge Funds Private Equity and Hedge Funds

  • Sept 15- British business information group Informa Plc said on Thursday it had agreed to buy U.S.-based information services company Penton for 1.18 billion pounds to expand in the United States and grow its global exhibitions business. Informa said it will buy Penton from private equity firms MidOcean Partners and Wasserstein& Co, which will receive 1.11...

  • TORONTO/ NEW YORK, Sept 15- Activist investor Engaged Capital reported a 7.5 percent stake in SunOpta Inc on Thursday and said it had signed a confidentiality agreement with the Canadian organic food company to provide strategic advice. U.S. hedge fund Tourbillon Capital pressured SunOpta to explore a sale earlier this year. In July, Reuters reported that...

  • Gavel and judge, making a decision

    A federal judge certified a class-action lawsuit against Och-Ziff Capital related to a bribery probe, only to throw it out six hours later.

  • LONDON/ NEW YORK, Sept 15- Hedge funds across the globe are cutting their management fees as they struggle to attract investors in the face of weak returns, industry data shows. U.S.-based Caxton Associates this week became the latest firm to tell investors it would reduce its fees, joining the likes of Och-Ziff Capital Management and Tudor Investment Corp which...

  • A man stands infront of a McDonald's restuarant in Tianjin, China on February 2, 2015. McDonald's has received more than half a dozen bids for its planned sale of China and Hong Kong stores, including offers from Beijing Tourism Group, Sanpower and ChemChina in a deal worth about $3 billion.

    McDonald's has received final bids from at least three groups for its China and Hong Kong outlets.

  • HONG KONG, Sept 15- Fast-food giant McDonald's Corp has received final bids from at least three groups for its China and Hong Kong outlets, with global private equity firms Carlyle Group and TPG Capital separately teaming up with Chinese partners for the business worth up to $3 billion, sources told Reuters. Carlyle has joined with Chinese state conglomerate...

  • HONG KONG, Sept 15- Fast-food giant McDonald's Corp has received final offers from at least three bidding groups for its China and Hong Kong outlets, with global private equity firms Carlyle Group and TPG Capital teaming up with Chinese partners for the business worth up to $3 billion, sources told Reuters. Carlyle has joined with Chinese state conglomerate...

  • CHICAGO, Sept 14- Billionaire investors Marc Rowan and David Bonderman are among Caesars Entertainment Corp directors who must disclose details of their wealth to creditors of the casino holding company's bankrupt subsidiary, a U.S. judge said on Wednesday. Junior creditors accuse directors of Caesars and its private equity sponsors Apollo Global...

  • District Judge Paul Oetken in Manhattan came in a lawsuit in which Och-Ziff shareholders accused the largest publicly traded U.S. hedge fund company of misleading them about U.S. Department of Justice and U.S. Securities and Exchange Commission probes into its investments in Africa. Shareholders from February 2012 to August 2014 claimed that Och-Ziff...

  • CHICAGO, Sept 14- Billionaire investors Marc Rowan and David Bonderman are among Caesars Entertainment Corp directors who must disclose details of their wealth to creditors of the casino holding company's bankrupt subsidiary, a U.S. judge said on Wednesday. Junior creditors accuse directors of Caesars and its private equity sponsors Apollo Global...

  • NEW YORK, Sept 14- Lawyers for Och-Ziff Capital Management Group LLC said a federal judge ignored his own deadline by certifying a class-action lawsuit tied to a bribery probe on Wednesday without giving the largest publicly traded U.S. hedge fund company a chance to object. District Judge Paul Oetken in Manhattan said Och-Ziff shareholders from February...

  • NEW YORK, Sept 13- More financial executives are decamping to Florida for lower taxes, real estate investor Barry Sternlicht said on Tuesday, revealing that he is one of those who recently made the move. "There's a massive exodus from Connecticut," Sternlicht said, naming himself and billionaire hedge fund manager Paul Tudor Jones as the most high-profile recent...

  • NEW YORK, Sept 13- The economic environment is too fragile for the Federal Reserve to raise interest rates this month, Ray Dalio of Bridgewater Associates, one of the world's largest and most closely watched hedge fund investors, said on Tuesday. "The risks are so much more on the downside," Dalio, chairman and co-chief investment officer of the $150 billion...

  • NEW YORK, Sept 13- Ray Dalio of Bridgewater Associates, one of the world's largest and most closely-watched hedge fund investors, said Tuesday that the economic environment is too fragile for the U.S. "The risks are so much more on the downside," Dalio, chairman and co-chief investment officer of $150 billion Bridgewater, said Tuesday at the CNBC Institutional...

  • LONDON, Sept 12- Hedge funds tempered their bullishness towards the entire petroleum complex during the first week of September, according to positioning data from regulators and exchanges. Hedge funds and other money managers cut their combined net long position in the three major Brent and WTI futures and options contracts by 80 million barrels in the week...

  • ROME/ MILAN, Sept 12- The 90- year old founder of Italian supermarket chain Esselunga is considering a sale of the group and has picked Citigroup as adviser to assess expressions of interest from private equity funds, two sources close to the matter said on Monday. One of the sources said that CVC Capital Partners and Blackstone had expressed interest in Italy's...

  • Sept 12- Solar panel installer SolarCity Corp, which is being bought by Tesla Motors Inc, on Monday said it had raised $305 million by selling the future cash flows for a portfolio of solar projects to a fund advised by billionaire investor George Soros' hedge fund. Shares of the company, which is backed by Tesla founder Elon Musk, were up 7.4 percent at $18.00 in...

  • Sept 12- Solar panel installer SolarCity Corp, which is being bought by Tesla Motors Inc, said it had raised $305 million in a cash equity transaction advised by billionaire investor George Soros' hedge fund. Shares of the company, which is backed by Tesla founder Elon Musk, were up 6.6 percent at $17.89 in afternoon trading on Monday. A private investment fund...

  • NEW YORK, Sept 12- Starboard Value LP on Monday disclosed a 4.6 percent stake in Perrigo Co Plc and said the Dublin- based drugmaker must make immediate improvements to turn around its sagging stock price. The hedge fund delivered a scathing letter to Perrigo's chief executive officer, John Hendrickson, and its board on Monday, criticizing their performance...

  • LONDON, Sept 12- Hedge funds tempered their bullishness towards the entire petroleum complex during the first week of September, according to positioning data from regulators and exchanges. Hedge funds and other money managers cut their combined net long position in the three major Brent and WTI futures and options contracts by 80 million barrels in the week...