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Hedge Funds Private Equity and Hedge Funds

  • LONDON, March 13- Hedge funds and other money managers had barely started liquidating their record bullish position in crude oil futures and options before prices tumbled on March 8. Hedge funds still held a net long position in the three major Brent and WTI futures and options contracts amounting to 874 million barrels at the close of business on March 7.

  • March 13- Activist investor Sarissa Capital Management LP said on Monday it intends to nominate only three candidates for election to the board of drug company Innoviva Inc.. Innoviva said last week that Sarissa Capital had nominated four directors to replace a majority of the drug company's board. Sarissa Capital is a hedge fund run by Alex Denner,...

  • LONDON, March 13- Private equity firm Blackstone is among a number of financial services companies to have chosen Luxembourg as the site for a European Union subsidiary following Britain's vote to leave the EU, the head of Luxembourg's financial development agency said. Blackstone is among three or four private equity firms that have picked Luxembourg over...

  • Tom Steyer

    Tom Steyer, a billionaire investor and philanthropist, sat down with CNBC to discuss his political aspirations, and Donald Trump.

  • CHICAGO, March 9- Four individual investors of Peabody Energy Corp are accusing the company, certain hedge funds and other parties involved in the coal producer's Chapter 11 bankruptcy of breaching their fiduciary duties, according to a lawsuit filed on Thursday. Peabody spokesman Vic Svec said on Thursday that the company stands by its reorganization plan.

  • CHICAGO, March 9- Four individual investors of Peabody Energy Corp are accusing the company, certain hedge funds and other parties involved in the coal producer's Chapter 11 bankruptcy of breaching their fiduciary duties, according to a lawsuit filed on Thursday. Peabody spokesman Vic Svec said on Thursday that the company stands by its reorganization plan.

  • CHICAGO, March 9- Four individual investors of Peabody Energy Corp are accusing the company, certain hedge funds and other parties involved in the coal producer's Chapter 11 bankruptcy of breaching their fiduciary duties, according to a lawsuit filed on Thursday. Peabody has denied the allegations in the lawsuit, which was filed with the U.S. Bankruptcy Court...

  • Airbnb app

    CNBC's Deirdre Bosa reports that according to sources, Airbnb has closed its latest series F funding round.

  • FRANKFURT/ HONG KONG, March 9- China's Shanghai Fosun Pharmaceutical is planning a bid for German generic drugmaker Stada, already the centre of a 3.6 billion euro takeover battle between two private equity consortia, two people close to the matter said. Fosun Pharma is also holding early-stage talks with buyout funds including CVC about a potential joint bid,...

  • March 8- U.S. electronics chain RadioShack Corp filed for bankruptcy on Wednesday for the second time in a little over two years, faced with a challenging retail environment and an unsatisfying partnership with wireless provider Sprint Corp.. General Wireless, an affiliate of hedge fund Standard General LP that acquired the RadioShack brand in 2015, filed...

  • March 8- General Wireless Operations Inc, which acquired the RadioShack brand in 2015, said on Wednesday it has filed for bankruptcy protection. General Wireless, an affiliate of hedge fund Standard General LP, filed for a Chapter 11 reorganization and listed assets and liabilities in the range of 100 million to 500 million in the U.S. bankruptcy court for the...

  • March 8- Elliott Management reported in a regulatory filing that Spirit AeroSystems Holdings has said its former chief executive officer, Larry Lawson, has breached his retirement contract by consulting for the hedge fund during its proxy fight with Arconic Inc.. Elliott, in its filing with the Securities and Exchange Commission made late on Tuesday, did not...

  • White House spokesman Sean Spicer said "strong public-private partnerships" would be key to rebuilding the nation's roads, bridges and airports. The White House sees infrastructure as a potential large job creator but officials have said the federal government cannot shoulder the entire burden. Major real estate and private equity executives attended the...

  • SANTIAGO, March 8- Atlas Renewable Energy, a platform launched last week by English private equity fund Actis, is on the hunt for solar assets across Latin America, but big risks are off the table, Chief Executive Officer Carlos Barrera told Reuters on Wednesday. Actis, which already has significant investments in renewables throughout the developing world,...

  • President Donald Trump on Wednesday will discuss the administration's plans to boost infrastructure spending with business leaders including Elon Musk, who heads Tesla Inc and Space X, the White House said. Major real estate and private equity executives will attend the meeting, including developer Richard LeFrak, Vornado Realty Trust Chief Executive...

  • BOSTON, March 8- Billionaire investor David Tepper, whose views on markets and stocks are closely watched by other money managers, said on Wednesday he bought shares of Snap Inc in its initial public offering, sold some, and would buy again if the price dropped. The highly anticipated $3.4 billion offering was the biggest U.S. technology IPO since Alibaba Group...

  • David Tepper,  founder and president of Appaloosa Management.

    While he concedes that stocks are not "really cheap," he says the backdrop is solid enough to keep him in the market.

  • HOUSTON, March 7- The Organization of the Petroleum Exporting Countries is moving to bring U.S. shale producers and hedge funds into widening talks about how best to tame a global oil glut. Last November, OPEC took initial steps to widen its market reach as it sought to end a two-year price war, striking a historic agreement with 13 non-member countries, including...

  • March 7- Any decision to extend OPEC production cuts past June would have to include the continued participation by the non- OPEC members of the November accord, OPEC Secretary General Mohammad Barkindo said on Tuesday. The group held talks in recent days with shale oil producers and hedge fund executives, he said during a media conference at the CERAWeek energy...

  • March 7- Innoviva Inc said activist investor Sarissa Capital Management LP had nominated four directors to replace a majority of the drug company's board. Innoviva, formerly Theravance Inc, urged shareholders to vote for its recommended seven nominees at the 2017 annual meeting. Sarissa Capital Management LP, a hedge fund run by billionaire investor Carl...