Hedge Funds Private Equity and Hedge Funds

  • *Investors in China warehouses include Warburg Pincus, Carlyle. *China online shopping revenues expected to hit $1.1 trln in 2018. "The thinking was even if it didn't necessarily scale to the size we were anticipating, we had a good sense that while Boston is a pretty decent size city in the U.S., China should have far more modern warehousing space over the longer term,"...

  • Negotiations are advancing thanks to the prospect of more cash for creditors following the $4.4 billion sale of another Caesars affiliate last month and the possibility of financial contributions from Caesars' private equity sponsors, Brendan Hayes, managing director of Millstein& Co said at a hearing. But negotiations need to take place without the threat...

  • Apollo had enhanced its disclosure and compliance related to the matters at issue "long before the SEC inquiry began," the spokesman added. Between at least 2011 and 2015, the SEC said that Apollo advisers did not adequately disclose benefits they received by speeding up the payment of fees paid to them by companies in the funds' portfolios when those companies...

  • LONDON/ TOKYO Aug 23- Japan- focused hedge funds may be ready to start nibbling at Tokyo shares again after suffering losses earlier this year by betting on a weaker yen. Though the outlook for the yen remains as murky as ever ahead of Bank of Japan and U.S. Federal Reserve policy reviews, some fund managers think Japanese stocks are looking attractive again after...

  • Hedge funds and other money managers increased their net long position in the three main Brent and WTI futures and options contracts by 118 million barrels in the week to Aug. 16. Front-month Brent futures prices jumped from $41.50 a barrel on Aug. 2 to $49.23 on Aug. 16 and continued rising to reach $50.88 on Aug. 19 for an increase of more than 20 percent.

  • Launched in 2014 by an acolyte of SAC Capital Advisors founder Steven A. Cohen, Folger Hill was one of the most prominent hedge funds to come on the scene. Kumin raised about $1.1 billion by telling investors its diverse array of stock market bets through talented managers meant Folger Hill would perform well in good markets and bad. As of mid-August, Folger Hill's...

  • Steinway piano, keys

    Michael Sweeney, who had been Steinway & Sons CEO since 2011, left in mid-August for unknown reasons.

  • TORONTO/ NEW YORK, Aug 22- Private equity firm Clearspring Capital Partners plans to sell Medical Pharmacies Group, a Canadian provider of drug services to nursing homes, in a deal that could fetch as much as C $1 billion, according to sources familiar with the situation. Toronto- based Clearspring has hired investment banks BMO Capital Markets and Harris...

  • NEW YORK, Aug 22- Keith Meister, who runs hedge fund Corvex Management LP, said on Monday that he planned to nominate candidates to replace pipeline company Williams Cos Inc's entire board. Meister said he had worked unsuccessfully to convince the company to adopt a plan to place a majority of new independent directors on the board by May 2018.

  • NEW YORK, Aug 22- Keith Meister, who runs hedge fund Corvex Management LP, said on Monday that he planned to nominate candidates to replace pipeline company Williams Cos Inc's entire board. Corvex and another top shareholder, Soroban Capital Partners, previously held board seats and have agitated for change at the company for years. After the takeover collapsed...

  • NEW YORK, Aug 22- Keith Meister, who runs hedge fund Corvex Management LP, plans to nominate candidates to replace pipeline company Williams Cos Inc's entire board, the activist investor said in an interview on CNBC on Monday. The fund and another top shareholder, Soroban Capital Partners, previously held board seats and have agitated for change at the company for...

  • Hedge funds and other money managers increased their net long position in the three main Brent and WTI futures and options contracts by 118 million barrels in the week to Aug. 16. Front-month Brent futures prices jumped from $41.50 a barrel on Aug. 2 to $49.23 on Aug. 16 and continued rising to reach $50.88 on Aug. 19 for an increase of more than 20 percent.

  • Launched in 2014 by an acolyte of SAC Capital Advisors founder Steven A. Cohen, Folger Hill was one of the most prominent hedge funds to come on the scene. Kumin raised about $1.1 billion by telling investors its diverse array of stock market bets through talented managers meant Folger Hill would perform well in good markets and bad. As of mid-August, Folger Hill's...

  • Sadio Mane of Liverpool competes with Sadio Mane of Arsenal during the Premier League match between Arsenal and Liverpool at Emirates Stadium on August 14, 2016 in London, England.

    Liverpool Football Club's owners haven't received a bid, a club source said on Sunday, after reports of interest from a Chinese-led consortium.

  • Traders work at the Goldman Sachs Group booth on the floor of the New York Stock Exchange.

    Wall Street banks were shooed away from putting their own money into private equity funds after the financial crisis.

  • Square payment in the NYSE

    Shares of payment technology company Square ticked higher after a well-known hedge fund manager reported a higher stake.

  • Emerson also said this month that Japan's Nidec Corp would buy its motors and electric power generation unit for $1.2 billion. Pentair, which has been under pressure from activist hedge fund Trian Fund Management LP to improve its performance, inherited the business as part of its $10 billion all-stock merger with Tyco International Ltd's flow control unit...

  • CHICAGO, Aug 17- A U.S. judge on Wednesday suggested the casino operating unit of Caesars Entertainment Corp ask its parent's private equity sponsors for money to fund a plan to exit its contentious $18 billion bankruptcy. Apollo Global Management LLC and TPG Capital Management LP formed the Caesars casino holding company in a 2008 buyout and the three groups...

  • Aug 17- Combine the standard hedge fund compensation model with the reality of declining fund performance as assets under management increase and you have a whopping conflict of interest. Unlike mutual funds, hedge funds typically get an incentive fee, usually 20 percent of profits, in addition to a 1 or 2 percent annual management fee. In other words, the...

  • BOSTON, Aug 17- Hedge fund Maglan Capital demanded on Wednesday that telecom carrier FairPoint Communications remove four board members, stepping up pressure on a company whose shares it believes could trade 70 percent above their current value. In a letter sent to the board and FairPoint Chief Executive Paul Sunu and seen by Reuters, the hedge fund's two...