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Hedge Funds Private Equity and Hedge Funds

  • SAO PAULO, May 19- Several Brazilian hedge funds suffered their worst one-day losses in at least a decade on Thursday after the country's financial markets were slammed by a graft scandal threatening to topple President Michel Temer and his reform agenda. Brazilian markets took a beating on Thursday on reports Temer had been caught on tape condoning bribes to...

  • Cross-asset fund Adam Macro II FIC FIM, which held a total of 2.9 billion reais in assets under management at market close on Wednesday, unwound all of its positions in Brazil, swallowing a 6 percent loss on Thursday. Verde Asset Management SA, Brazil's largest hedge fund, saw its holdings shrink by just 3 percent on Thursday, according to preliminary performance...

  • *Broadcom working with Silver Lake, Bain with SK Hynix- sources. TOKYO, May 19- Suitors including private equity firms KKR& Co LP, Bain Capital and U.S. chip maker Broadcom Ltd are lining up for Toshiba Corp's semiconductor business, sources familiar with matter said ahead of a deadline for second-round offers on Friday. Broadcom, which has teamed up with private...

  • LAS VEGAS, May 18- Bill Ackman said on Thursday he is poised to go on a great investment run after a humiliating bet forced his hedge fund firm to return to basics. I've got something to prove, "the billionaire told a room full of hedge fund managers and investors at the annual SkyBridge Capital industry conference in Las Vegas, known as SALT. For Ackman, that setback was...

  • May 18- Billionaire hedge fund manager Leon Cooperman and his firm Omega Advisors Inc agreed on Thursday to pay $4.95 million to settle the U.S. Securities and Exchange Commission's insider trading lawsuit against them. Omega has also suffered, with assets under management falling to about $3.6 billion as of March 31 from about $5.4 billion when the SEC sued in...

  • May 18- Billionaire hedge fund manager Leon Cooperman and his firm Omega Advisors Inc agreed on Thursday to pay $4.95 million to settle the U.S. Securities and Exchange Commission's insider trading lawsuit against them. Omega has also suffered, with assets under management falling to about $3.6 billion as of March 31 from about $5.4 billion when the SEC sued in...

  • LAS VEGAS, May 18- Billionaire investor Daniel Loeb said on Thursday that he is still making money even as the hedge fund industry struggles. Loeb, who oversees the $16 billion hedge fund firm Third Point LLC, said there are ways to earn money on mergers and acquisitions and by nudging company management to perform better. Loeb was speaking at the annual SkyBridge...

  • LAS VEGAS, May 18- Hedge fund Hoplite Capital Management's John Lykouretzos on Thursday pitched Nike Inc as a favorite long position, saying that its stock price could double within three years amid strong international growth. Speaking at the SkyBridge Capital's annual SALT hedge fund conference, the fund manager called Nike a marketing and innovation...

  • LAS VEGAS, May 18- Anthony Scaramucci was soaking up plenty of love this week at his high-profile hedge fund conference even as his political ambitions remained in limbo. The outspoken Wall Street figure in January agreed to sell his SkyBridge Capital LLC on the expectation of a public liaison job with U.S. The uncertainty over a White House position allowed...

  • LAS VEGAS, May 18- Hedge fund manager Jason Karp on Thursday said that shares of Sarepta Therapeutics Inc could climb as much as 200 percent and noted the biotech company could be an attractive takeover candidate. Its sales could climb to $600 million from $75 million now, said Karp, who specializes in picking stocks. By the end of next year the stock price could hit...

  • LAS VEGAS, May 18- Hedge fund managers said they are looking beyond the United States for investment ideas as the so-called Trump bump stock market rally shows signs it may be fizzling. Credit specialists Marc Lasry of Avenue Capital and Bruce Richards of Marathon Asset Management noted the relatively calm political climate there compared to the United...

  • Shares of Athenahealth, a $4.1- billion company based in Watertown, Mass., jumped 15.7 percent to $123 in premarket trading. Elliott is a $33- billion multi-strategy hedge fund and an aggressive activist investor, launching more activist campaigns than any other hedge fund in the last few years. The New York- based fund has broadened out its activism, from the...

  • CANBERRA, Australia— Australia's second-largest newspaper empire, Fairfax Media, announced Thursday that it has received rival takeover offers from two U.S. private equity investment firms. The Sydney- based multimedia company said a non-binding indicative offer was received Wednesday from San Francisco- based Hellman& Friedman at a price of between AU...

  • LAUNCESTON, Australia, May 18- Hedge fund Elliott Management is probably about half way to achieving its goal of extracting better returns out of BHP, the world's largest mining company. BHP Chief Executive Andrew Mackenzie, speaking to an audience of bankers and investors in Barcelona on May 16, said the miner had made consistent progress and was confident it...

  • OTPP CEO on Fairfax Media: 'It's early days'

    Ron Mock, Ontario Teachers’ Pension Plan CEO, addresses the OTPP's involvement in a consortium looking to buy Australia's Fairfax Media.

  • Wave and its PE owners Oak Hill Capital and GI Partners did not respond immediately to requests for comment. TPG acquired RCN and Grande Communications for $2.25 billion from another buyout firm, ABRY Partners, in a deal that closed this February. Headquartered in Kirkland, Washington, Wave has residential and commercial customers in the Sacramento and San...

  • May 17- An affiliate of private equity firm Warburg Pincus sold a 25 percent stake in Indian non-bank lender Capital First Ltd for 17.67 billion rupees in stock market transactions on Wednesday. The Warburg affiliate, Cloverdell Investment Ltd, sold 24.3 million shares at an average price of 727.35 rupees apiece, according to BSE stock exchange data.

  • It's not over for active fund managers: Man GLG

    Pierre Lagrange, senior adviser at Man Group, speaks about active and passive investment styles in relation to volatility.

  • Pierre Lagrange, senior adviser at Man Group, speaks about the investment environment in Europe and emerging markets.

  • Cramer Remix: Why Carl Icahn’s decision to sell Apple was the right one

    Jim Cramer revealed why what was right for Icahn might not be right for you.