GO
Loading...

Enter multiple symbols separated by commas

Hedge Funds Private Equity and Hedge Funds

More

  • A torrent of $44 billion in high-yield debt and share sales in the first half of this year has slowed to a trickle with oil now at just above $42 a barrel, 30 percent below its June levels and 60 percent down from June 2014, and a more pessimistic view taking hold that global oversupply could keep oil cheap for years. "The capital markets showed up in force in the first...

  • U.S. hedge funds FrontFour Capital, Orange Capital and Livermore Partners, as well as Toronto- based West Face Capital, have been the most active. The second quarter was the worst in nearly a decade for Canadian energy M&A, according to Thomson Reuters data. U.S. hedge fund Livermore Partners has pushed for change at Zargon Oil and Gas Ltd, whose shares have lost 74...

  • LONDON, Aug 13- Hong Kong- based Guard Capital is set to join a tiny group of hedge funds managing $1 billion or more in Asia, sources familiar with the matter said, amid increased demand for funds betting on currencies and interest rates. The so-called macro hedge fund was launched by Leland Lim, the former co-head of macro trading for Asia Pacific ex- Japan at Goldman,...

  • NEW YORK, August 13- For Julian Robertson, the 83- year-old billionaire former hedge fund manager, history is repeating itself. Robertson's personal fortune has more than doubled to $3.4 billion since 2000, and his Tiger Management is as strong as ever: the hedge funds he has ownership stakes in now manage more than $30 billion, up from about $20 billion in early...

  • Aug 12- Buyout firm TPG Capital LP is in advanced talks to acquire Ellucian Company LP, in a deal that could value the U.S. provider of software to universities and colleges at $3.5 billion, including debt, people familiar with the matter said. Ellucian's owners, private equity firms Hellman& Friedman LLC and JMI Equity, are in the final stages of negotiating the deal...

  • Celgene Corp has alleged Bass is abusing a process set up to challenge patents by short selling pharmaceutical shares that drop when a patent review is filed. Last month, Celgene, one of the world's largest biotechnology firms, asked the patent office to sanction Bass and others behind the coalition by throwing out its patent challenges. Celgene said Bass' real...

  • Garda is working with investment banks Bank of America Corp, Jefferies LLC and Royal Bank of Canada and is in talks with a small number of private equity firms about a potential deal, according to the people. Montreal- based Garda is owned by private equity firm Apax Partners LLP and its founder Stéphan Crétie, which together took the company private in 2012 for C...

  • STOCKHOLM, Aug 12- Swedish investment group Industrivarden picked its first female CEO and one of the youngest in its 71- year history, the latest appointment in a new guard at the top of one of the country's biggest business empires after a corporate spending scandal. The choice of private equity executive Helena Stjernholm, 45, announced on Wednesday, signals...

  • *Firm also includes ex- Goldman Sachs trader Stuart Riley. LONDON/ BOSTON, Aug 12- A former top Brevan Howard trader is courting investors for a hedge fund launch which promises to be among the biggest in the sector this year and which sources say is already on course to attract its initial target of some $3 billion. Chris Rokos, 44, who made $4 billion for Brevan's fund...

  • JAKARTA, Aug 12- Thomas Lembong has mingled for years with bankers and private equity executives, but on Wednesday swapped that to take up the post of Indonesia's trade minister, an appointment designed to shore up investor faith in Southeast Asia's largest economy. Now in his early 40 s, Lembong worked at Deutsche Bank and Morgan Stanley before co-founding...

  • WIDODO TO APPOINT PROMINENT PRIVATE EQUITY EXECUTIVE TOM LEMBONG AS TRADE MINISTER- MEDIA.

  • Aug 11- Deal makers and employees at private equity firms are expected to receive the biggest bonus increases this year on Wall Street, according to a forecast by compensation consulting firm Johnson Associates. Advisers for mergers and acquisitions can expect a 10-20 percent rise in bonuses this year, and private equity employees can expect a 10-15 percent...

  • Prosecutors in Brooklyn, New York made public an insider trading indictment charging four traders: Vitaly Korchevsky, a former hedge fund manager from Glen Mills, Pennsylvania; Vladislav Khalupsky, of Brooklyn and Odessa, Ukraine and Leonid Momotok, of and Alexander Garkusha of Georgia. An separate indictment made public in New Jersey charges Ivan Turchynov...

  • Aug 11- Software security company Symantec Corp has agreed to sell its data storage business Veritas to private equity firm Carlyle Group LP, according to a person familiar with the matter. A deal could be announced as soon as Tuesday, when Symantec is due to report its quarterly earnings, the person said, asking not to be named because the matter is private.

  • NEW YORK, Aug 10- Citigroup Inc agreed to pay $13.5 million to settle a lawsuit accusing the bank of deceiving investors into remaining in its Corporate Special Opportunities hedge fund, only to suffer big losses when the fund was liquidated in November 2008, court papers filed on Monday show. The lawsuit accused Citigroup and its Citigroup Alternative...

  • HONG KONG/ SEOUL, Aug 10- The deadline for the next round of bids to buy Tesco PLC's South Korean business, valued at about $6 billion, has been extended to Aug. 24 from Aug. 17, four people familiar with the matter said, partly to accommodate a public holiday. In July, Tesco shortlisted Affinity Equity Partners, Carlyle Group, Goldman Sachs' private equity arm, KKR& Co and MBK...

  • The company's shares jumped as much as 7 percent to $80.14 in regular trading, after Bloomberg reported that ValueAct had built a $1 billion stake and was seeking "shareholder-friendly" changes. AmEx is not yet a core active target of ValueAct, Bloomberg said, citing people with knowledge of the matter. However, the fund could sell its stake in AmEx if it decides...

  • Aug 7- Activist hedge fund ValueAct Capital Management LP has built a $1 billion stake in American Express Co and is seeking "shareholder-friendly" changes at the credit card company, Bloomberg reported on Friday. American Express is not yet a core active target of ValueAct, Bloomberg said, citing people with knowledge of the matter. However, the fund could sell...

  • LONDON, Aug 7- Think the imminent rise in U.S. interest rates is universally bad news for markets? Equity markets have broadly been on an upwards path since the 2008 global financial crisis, as record low interest rates and injections of cash from central banks pushed markets in New York, London and Frankfurt to record highs. S&P 500 last month for the first time...

  • HONG KONG/ SHANGHAI, Aug 7- Hundreds of foreign hedge funds and traders are working in a regulatory grey area in China, using speculative trading strategies that are complicating regulators' efforts to calm the country's turbulent stock markets. "With current market volatility and weak retail investor sentiment, these hedge fund strategies would naturally...