Hedge Funds Private Equity and Hedge Funds

  • Activist hedge fund Clinton Group, which has not disclosed the size of its holding in the small bank, first began agitating for changes early this month. A spokesman for First NBC Bank said in an emailed statement that the company was open to input from shareholders and that it had multiple discussions with the Clinton Group. "First NBC is largely aligned with...

  • NEW YORK, Nov 29- At least four U.S. agencies are investigating former officials of a now-bankrupt oil and gas company once majority owned by troubled hedge fund manager Platinum Partners, according to a legal filing submitted last week. Attorney's office in Brooklyn, New York, the U.S. Securities and Exchange Commission, the Internal Revenue Service, and the U.S....

  • Nov 28- Time Inc, the publisher of Time, People and Fortune magazines, has rejected a takeover bid from billionaire investor Edgar Bronfman Jr., the New York Post reported on Monday. Bronfman, who is a managing partner of private equity firm Accretive LLC, made the bid along with Russian-born billionaire Leonard Blavatnik, the founder of holding company Access...

  • Samsung computers laptop

    Samsung said it will disclose plans to boost shareholder value Tuesday, amid pressure from Elliott Management to split the company in two.

  • Nov 28- Time Inc, the publisher of Time, People and Fortune magazines, has rejected a takeover bid from billionaire investor Edgar Bronfman Jr., the New York Post reported on Monday. Bronfman, who is a managing partner of private equity firm Accretive LLC, made the bid along with Russian-born billionaire Leonard Blavatnik, the founder of holding company Access...

  • *FTSE 100 down in morning session. LONDON, Nov 28- Britain's top share index retreated on Monday pulled lower by energy shares hit by a decline in oil prices and financial shares concerned over Italian banks. "Energy stocks drag the FTSE down at the start of the week as uncertainty over an OPEC agreement looms," Jawaid Afsar, senior trader at Securequity, said.

  • *Korea bourse asks firm to comment on split plans by 0900 GMT. SEOUL, Nov 28- South Korea's Samsung Electronics Co Ltd will consider splitting itself into two as proposed by U.S. activist hedge fund Elliott Management, Seoul Economic Daily reported on Monday citing an unnamed source. A split would allow the heirs of the founding Lee family to strengthen their grip...

  • SEOUL, Nov 28- South Korea's Samsung Electronics Co Ltd will consider splitting itself into two as proposed by activist hedge fund Elliott Management, Seoul Economic Daily reported on Monday citing an unnamed source. Samsung's board of directors would hold a meeting on Tuesday and formally respond to Elliott's proposals, the paper said.

  • LONDON, Nov 28- Belgian specialty materials group Umicore has completed the sale of its zinc units to U.S. based private equity firm OpenGate Capital for $150 million. It was renamed EverZinc by OpenGate Capital. The U.S. private equity firm has recently bought Italian PVC films manufacturer Alfatherm and is looking to increase investment in the nano-zinc...

  • Pedestrians walk past a Charles & Keith store in downtown Kuala Lumpur, Malaysia.

    L Catterton, the consumer-focused private equity fund, is counting on Asia for big opportunities.

  • NEW YORK, Nov 23- Buyout firm Clayton, Dubilier& Rice LLC is in the lead to acquire the call center business of debt-laden telecommunications equipment company Avaya Inc for around $4 billion, people familiar with the matter said on Wednesday. The Wall Street Journal reported earlier on Wednesday, citing sources, that CD&R was among the potential buyers that...

  • Nov 23- U.S. fashion jewelry and accessories budget retailer Charming Charlie LLC is seeking to hire a financial adviser to help find relief from its debt burden, according to people familiar with the matter. Charming Charlie has had investments from private equity firms TSG Consumer Partners and Hancock Park Associates. The Houston- based retailer has about...

  • Nov 23- U.S. fashion jewelry and accessories budget retailer Charming Charlie LLC is seeking to hire a financial adviser to help find relief from its debt burden, according to people familiar with the matter. Charming Charlie has had investments from private equity firms TSG Consumer Partners and Hancock Park Associates. The Houston- based retailer has about...

  • WASHINGTON, Nov 23- President-elect Donald Trump is expected to select Wilbur Ross Jr as secretary of the Commerce Department, the Wall Street Journal reported on Wednesday, citing two people familiar with the deliberations. Ross, 78, is the billionaire chairman of private equity firm W.L. Ross& Co, which is known for buying up failed companies.

  • Belgium, Italy and Spain see spike in hedge fund take-up. By Abhinav Ramnarayan and Helen Reid. LONDON, Nov 21- Euro zone governments are increasingly relying on hedge funds to help them meet their borrowing needs, which risks leaving them vulnerable to a debt market sell-off driven by a class of investors dubbed "fast money" for their speculative approach.

  • LONDON, Nov 21- Hedge funds have taken a more cautious stance on oil prices amid a flurry of diplomatic activity aimed at securing a production-limiting deal among OPEC members by the end of the month. The funds cut their combined net long position in the three major Brent and West Texas Intermediate futures and options contracts by just 3 million barrels to 422...

  • *Belgium, Italy and Spain see spike in hedge fund take-up. LONDON, Nov 21- Euro zone governments are increasingly relying on hedge funds to help them meet their borrowing needs, which risks leaving them vulnerable to a debt market sell-off driven by a class of investors dubbed "fast money" for their speculative approach. A populist revolt that propelled Donald...

  • Nov 21- Hedge fund Elliott Management, which owns about 4 percent of Marathon Petroleum Corp, urged the company to conduct a strategic review and consider splitting into three businesses. Marathon should consider spinning off of its chain of gasoline and convenience stores or break into three businesses, focused on retailing, refining and midstream...

  • HONG KONG, Nov 20- Japan's private equity industry, held back by decades of pitiful economic growth and a hostile corporate culture, could see a flurry of activity, with several funds raising capital for deals encouraged by governance reforms and demographic shifts. Japan's private equity market is small relative to its economy, which ranks third behind the...

  • NEW YORK, Nov 18- Some top U.S. investors have some fast advice for President-elect Donald Trump: Be nice, be presidential, and give up Twitter. Richard Bernstein, chief executive and chief investment officer, Richard Bernstein Advisors LLC. Michael Vranos, chief executive, Ellington Management Group.