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Hedge Funds Private Equity and Hedge Funds

  • July 17- U.S. buyout firm Carlyle Group LP said it agreed to buy airfield lighting group ADB Safegate from private equity group PAI Partners. PAI Partners bought ADB from peer investor Montagu in 2013 for 208 million euros. In 2016, PAI Partners acquired docking guidance systems specialist Safegate International for an undisclosed amount.

  • July 14- Hedge fund Greenlight Capital said on Friday that it had added a stake in Toshiba Corp as it expects the stock to rise once the Japanese company resolves uncertainties around its bankrupt Westinghouse unit and the sale of its memory business. The Japanese conglomerate, whose stock closed at 231.6 yen per share on Friday, may be worth as much as 400 yen per...

  • July 14- The California Public Employees' Retirement System reported on Friday a preliminary 11.2 percent net return on investments for the fiscal year that ended June 30, up sharply from last year's return of 0.61 percent due to a boost from equities. Public equities, or stocks, generated a 19.7 percent return, while the private equity asset class returned 13.9...

  • Representative David Cicilline, the top Democrat on the House of Representatives Judiciary Committee's antitrust panel, has urged the subcommittee to hold a hearing on Amazon.com Inc's plan to buy Whole Foods Market Inc.. "Congress has a responsibility to fully scrutinize this merger before it goes ahead." Also this week, hedge fund manager Douglas Kass from...

  • SINGAPORE/ HONG KONG July 14- A leading Chinese private equity consortium backed by senior executives from Global Logistic Properties won a bid to acquire GLP for S $16 billion, marking Asia's largest private equity buyout in a buoyant sector. GLP, which is Asia's biggest warehouse operator and boasts a $41 billion portfolio of assets spread across China, Japan,...

  • *AlphaGen Elnath Fund lost 48 percent from January to June. LONDON, July 14- Many of last year's most successful oil market bulls have seen their winnings dissolve in the first half of this year, as the crude price has wallowed below $50 a barrel despite output cuts by some of the world's largest producers. Among the biggest casualties so far is the oil...

  • SHANGHAI, July 14- Hong Kong stocks rose for the fifth straight day on Friday, recording their best weekly gain in a year, as the previous week's correction attracted bargain hunting from mainland China investors. Sentiment was also aided by a generally upbeat mood in Asian markets, amid consensus that the U.S. Vanke was among a Chinese private equity consortium...

  • *Group offers S $3.38/ shr cash, 25 pct premium over last price. SINGAPORE, July 14- Global Logistic Properties agreed to be acquired by a Chinese private equity consortium backed by senior GLP executives for about S $16 billion, choosing it over a rival bid in Asia's largest private equity buyout. The winning group of China's Hopu Investment Management, Hillhouse...

  • SINGAPORE, July 14- Global Logistic Properties, Asia's biggest warehouse operator, said it had agreed to be acquired by a Chinese private equity consortium backed by senior GLP executives for roughly S $16 billion. The deal is set to be Asia's largest buyout by a private equity group. China's Hopu Investment Management and Hillhouse Capital Group were...

  • July 13- Jana Partners was granted regulatory clearance on Thursday for its purchase of shares in medical device maker Zimmer Biomet Holdings Inc, in a sign that the hedge fund is set to build its stake and press for changes at the company. Zimmer Biomet shares closed up about 2.1 percent at $128.98 in afternoon trading on the New York Stock Exchange.

  • Total assets held by emerging markets-focused private equity funds increased from $254 billion at the end of 2010 to $564 billion as of September 2016, according to alternative assets research firm Preqin. Preqin's data showed investors still viewed North America, Europe and Asia more favorably than emerging markets as "presenting the best opportunities."

  • NEW YORK— The jury at the securities fraud trial of "Pharma Bro" Martin Shkreli has heard investors accuse the quirky former biotech CEO of repeatedly giving them the runaround when they tried to pull their money out of his failing health care hedge fund. "I don't think it mattered to him— it was just what he thought he could get away with," said Richard Kocher, a New...

  • July 13- Greenlight Capital Inc, a hedge fund run by David Einhorn, was forced to pay back more than $400 million in clients withdrawals at midyear, the Wall Street Journal reported on Thursday, citing sources. More than 15 percent of eligible investors chose to redeem their money, people close to the hedge fund told the newspaper. Greenlight, a U.S.-stock...

  • *Bogliolo to join by Oct. 2, to get $1.4 mln base salary. July 13- Jewelry retailer Tiffany& Co named former Bulgari SpA executive Alessandro Bogliolo as chief executive, months after appointing another executive from the Italian luxury retailer to its board, as part of a deal with hedge fund Jana Partners. Bogliolo's resume also includes stints as chief operating...

  • July 13- Jewelry retailer Tiffany& Co named former Bulgari SpA executive Alessandro Bogliolo as chief executive, months after appointing another executive from the Italian luxury retailer to its board as part of a deal with hedge fund Jana Partners. The appointment comes about five months after the company ousted former Chief Executive Frederic Cumenal...

  • SINGAPORE, July 13- Global Logistic Properties has picked a Chinese private equity consortium over a Warburg Pincus-led group for final talks to acquire Asia's biggest warehouse operator, two sources familiar with the matter said on Thursday. After months of negotiations, a special committee of GLP's independent directors is aiming to finalise a deal this...

  • *Marshall Wace chalks up profit on paper of 19 mln stg. LONDON, July 12- Marshall Wace was the biggest winner in one of the most popular recent trades among hedge funds, with its bet on Carillion landing it a profit on paper of 19.1 million pounds in just three days. Of 17 outstanding shorts against Carillion as of Wednesday at 0900 GMT, Marshall Wace held the largest...

  • A Baidu's employee is belayed after climbing a climbing wall during his recreation time at Baidu's R&D center in Beijing

    The global outlook was relatively sanguine, but market valuations were stretched, Singapore investment company Temasek said Tuesday.

  • July 11- Private equity firm EQT said on Tuesday it has agreed to acquire U.S. drug development consultancy Certara for $850 million, including debt, from Arsenal Capital Partners, another buyout firm. Last year, Stockholm, Sweden- based EQT made its first major U.S. healthcare investment, buying Press Ganey Holdings Inc, a provider of patient satisfaction surveys,...

  • SYDNEY, July 11- Australian internet provider Vocus Group Ltd said on Tuesday a second private equity firm has made a A $2.2 billion takeover approach, sending its shares higher on hopes for a bidding war. Vocus said Affinity Equity Partners Pte Ltd has matched an informal offer of A $3.50 per share from KKR& Co LP and that it would open its books to both suitors for...