Hedge Funds Private Equity and Hedge Funds

  • BOSTON/ MONTREAL, Aug 3- Billionaire investor William Ackman has exited his hedge fund's investment in railway company Canadian Pacific, freeing up roughly $1.5 billion in cash to make other future investments. Pershing Square Capital Management and Canadian Pacific Railway Ltd on Wednesday said the New York- based hedge fund had sold its remaining 9.8...

  • MONTREAL, Aug 3- Pershing Square Capital Management said on Wednesday in a news release it will sell off its 9.8 million-share stake in Canadian Pacific Railway Ltd.. The hedge fund led by Bill Ackman launched a shareholder proxy battle to turn the then-underperforming railroad around in 2012.. Morgan, Credit Suisse and BofA Merrill Lynch will act as...

  • NEW YORK, Aug 3- Asset manager Apollo Global Management LLC posted quarterly earnings nearly five times that forecast on Wednesday, helped by a recovery in the oil market and a mark-up in the value of its insurance holding company. In its earnings release, New York- based Apollo said income earned from its private equity investments roughly quadrupled from a year...

  • NEW YORK, Aug 3- Asset manager Apollo Global Management LLC posted quarterly earnings nearly five times that forecast on Wednesday, helped by a recovery in the oil market and a mark-up in the value of its insurance holding company. In its earnings release, New York- based Apollo said income earned from its private equity investments roughly quadrupled from a year...

  • NEW YORK, Aug 3- Asset manager Apollo Global Management LLC reported much higher-than-expected quarterly earnings on Wednesday, boosted by large gains in its credit and private equity investments, and a mark-up in the value of its insurance holding company. On a per share basis, it more than doubled to 98 cents from 38 cents a year earlier. Earnings from its credit...

  • NEW YORK, Aug 3- Asset manager Apollo Global Management LLC reported much higher-than-expected quarterly earnings on Wednesday, boosted by large gains in its credit and private equity investments. Economic net income, a key metric for U.S. private equity firms that accounts for unrealized gains or losses in investments, came to $394.9 million after taxes.

  • LONDON, Aug 3- A consortium led by private equity firm Apollo Global Management has emerged as the frontrunner for Anglo American's metallurgical coal mines in Australia, valued at up to $1.5 billion, two sources familiar with the matter told Reuters. Anglo American, like its peers, is selling off prized assets after a prolonged commodities rout that has left it...

  • BOSTON, Aug 2- Marcato International, an activist hedge fund that mainly bets on U.S. equities, returned 10.4 percent in July, handily beating the broader stock market index's gain, when the fund made two new investments. Last week, Taikang Life Insurance, run by Chen Dongsheng, who founded Chinese auction house China Guardian, took a 13.5 percent stake in Sotheby's.

  • BOSTON, Aug 2- Och-Ziff Capital Management Group on Tuesday reported a second-quarter loss after the largest publicly traded U.S. hedge fund company set aside $214.3 million to eventually settle bribery charges with the U.S. government. The company also said William Barr, a former U.S. attorney general, would join its board on Aug. 9. By Monday, assets had declined...

  • BOSTON, Aug 2- Och-Ziff Capital Management Group on Tuesday reported a second-quarter loss after the largest publicly traded U.S. hedge fund company set aside $214.3 million to eventually settle bribery charges with the U.S. government. The company posted a distributable loss of $184.3 million, or 35 cents per share, compared with year-earlier earnings of...

  • TOKYO, Aug 2- Japan's Nidec Corp said it would buy Emerson Electric Co's motors and electric power generation unit for $1.2 billion, seeking to expand its industrial and commercial businesses as the market for consumer goods such as smartphones and laptops slows. Private equity group Clayton Dubilier& Rice, Wolong Electric and another Chinese company had...

  • TOKYO, Aug 2- Private equity firm Carlyle Group said it could make a pair of acquisitions in Japan worth $2 billion apiece, a strategic departure from a previous focus on smaller deals as big Japanese firms are gearing up for spinoffs of larger assets. "There could be about two large deals in Japan from our current fund focusing on Japan," Takaomi Tomioka, a Carlyle...

  • LONDON, Aug 1- Hedge funds have turned very bearish towards both crude and refined products over the last two months amid signs of an oversupply of gasoline. Hedge funds and other money managers added the equivalent of 56 million barrels of extra short positions in the three main Brent and WTI futures and options contracts in the week ending July 26.

  • SHANGHAI, Aug 2- China's funds regulator said on Monday it has canceled the licenses of over 10,000 funds, amid a crackdown on the country's poorly regulated fund management sector, which has been dogged by runaway managers and misappropriation of investments. The move comes after the hedge fund industry was thrown into disarray earlier this year as managers...

  • SHANGHAI, Aug 2- China's funds regulator said on Monday it has cancelled the licenses of over 10,000 funds, amid a crackdown on the country's poorly regulated fund management sector, which has been dogged by runaway managers and misappropriation of investments. The move comes after the hedge fund industry was thrown into disarray earlier this year as managers...

  • Traffic in New Delhi.

    Hedge funds needed a trade with nice returns, and they may have found it: emerging markets.

  • LONDON, Aug 1- Hedge funds have turned very bearish towards both crude and refined products over the last two months amid signs of an oversupply of gasoline. Hedge funds and other money managers added the equivalent of 56 million barrels of extra short positions in the three main Brent and WTI futures and options contracts in the week ending July 26.

  • July 31- Private equity firm Advent International is in advanced talks to acquire inVentiv Group Holdings in a deal that could value the U.S. pharmaceutical research firm at close to $4 billion, including debt, people familiar with the matter said on Sunday. Advent has so far prevailed over rival buyout firm CVC Capital Partners in bidding for inVentiv, and is in...

  • BOSTON/ NEW YORK, July 29- It only took six months for some of the world's most prominent team-based hedge funds to go from winners to losers. Blackstone Group's Senfina Advisors, Citadel's Global Equities Fund and the Visium Global Fund were among the so-called multi-manager funds that cut into last year's sizable gains with deep losses over the first half of...

  • Meg Whitman, chief executive officer of Hewlett Packard Enterprise

    Hewlett Packard Enterprise bounced after a report that some of its assets may be an acquisition target for private equity firms.