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Investing Private Equity

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  • LONDON, Sept 4- China-focused hedge funds suffered record losses in the past three months and were overtaken by their Japan- themed peers as this year's best performers, leaving them at risk of a surge in redemptions. Some managers were caught out by the extent of the selloff in China, re-entering the market prematurely. "Many managers thought the collapse had...

  • BOSTON, Sept 2- Hedge fund mogul William Ackman, one of last year's best performers, joined a string of high profile managers in reporting deep losses for August as global markets tumbled amid fears over slower growth in China. Ackman's Pershing Square Capital Management, which makes concentrated bets on a small number of stocks, told clients on Wednesday that...

  • Sept 1- Hedge fund manager Pierre Andurand believes crude prices will head lower again, possibly dropping below $30 per barrel, the Financial Times reported on Tuesday. The Andurand Capital oil hedge fund founder made his name in 2008 by calling the sharp rise and subsequent collapse in oil prices that year. "I would expect the range for WTI to be $25- $50 over the...

  • Aug 31- Hedge fund Pleasant Lake Partners said it offered to buy analog chipmaker MagnaChip Semiconductor Corp in a deal valuing the South Korea- based company at $345.7 mln. Pleasant Lake's offer of $10 per share is at premium of 29.2 percent to MagnaChip's Friday closing price. Pleasant Lake already owns 9.9 percent of MagnaChip.

  • The carnage of the last week- even with Wednesday's and Thursday's rebound- has been particularly acute for investors who have seen their overweight positions in companies such as social media site Facebook, pharmaceutical company Valeant, internet retailer Netflix, carmaker Tesla Motors and renewable energy company SunEdison get pummeled in the last...

  • SAFT ON WEALTH-Are hedge funds just pricey and passive? Wednesday, 26 Aug 2015 | 5:11 PM ET

    Aug 26- Investors in hedge funds are likely to be paying for a product more like an index fund than a skill-driven market beater. So finds a new study by Mikhail Tupitsyn and Paul Lajbcygier of Monash University in Australia, who looked at the evidence of 5,580 hedge funds, about half active and half now closed, between 1994 and 2010.. "The question at the heart of this...

  • BOSTON/ NEW YORK, Aug 25- Just after the Dow Jones Industrial Average plunged over 1,000 points on Monday morning, New York- based hedge fund manager Sahm Adrangi sent around his weekly note showing his fund lost 2 percent so far in August. Adrangi, whose $350 million Kerrisdale Capital is still up 10 percent so far this year, stands with several other well-known...

  • BOSTON/ NEW YORK, Aug 25- Just after the Dow Jones Industrial Average plunged over 1,000 points on Monday morning, New York- based hedge fund manager Sahm Adrangi sent around his weekly note showing his fund lost 2 percent so far in August. Adrangi, whose $350 million Kerrisdale Capital is still up 10 percent so far this year, stands with several other well-known...

  • NEW YORK, Aug 24- The U.S. Patent and Trademark Office on Monday rejected an attempt by prominent hedge fund manager Kyle Bass to challenge two patents on Acorda Therapeutics Inc's flagship multiple sclerosis drug, Ampyra. Bass, founder of Dallas- based Hayman Capital Management, has said big companies were improperly extending patent protection in...

  • LONDON, Aug 18- A relatively small group of hedge fund managers has placed a record bet on U.S. oil prices declining further in the months ahead. Hedge funds and other money managers had accumulated gross short futures and options positions totalling 163 million barrels in the main NYMEX light sweet crude contract by Aug. 11, according to data released by the...

  • Hedge funds take fresh look at General Motors in Q2 Friday, 14 Aug 2015 | 6:13 PM ET

    BOSTON, Aug 14- Several prominent hedge fund managers made bigger bets on U.S. automaker General Motors during the second quarter, despite the company's battling a deadly ignition defect and tangling with shareholders over its stock price. Greenlight Capital's David Einhorn bought 7.9 million shares between April and the end of June, raising his investment...

  • NEW YORK, Aug 14- Top U.S. hedge funds made bullish bets on the energy sector in the second quarter even as companies' shares began a slide toward multi-year lows on concerns about oversupply, regulatory filings showed on Friday. Hedge funds such as Baupost Group, Magnetar Capital and Jana Partners increased or took new stakes in energy shares over the second...

  • BOSTON, Aug 14- Legendary investor Warren Buffett was not the only one to turn sweet on Precision Castparts Corp this summer. Buffett's plan to pay $32.3 billion for the Precision Castparts Corp, announced on Monday, helped push the stock price up nearly 19 percent this week, likely making for a handsome payoff for the funds that took new positions or raised stakes.

  • BOSTON, Aug 14- Top U.S. hedge funds added to their positions in Apple Inc during the second quarter, even as shares of the iPhone maker were flat during the period. Filings with the U.S. Securities and Exchange Commission released on Friday showed Philippe Laffont's Coatue Management added 860,000 Apple shares during the three months ended June 30, giving it 8.5...

  • Hedge funds such as Baupost Group, Magnetar Capital and Jana Partners increased or took new stakes in energy shares over the second quarter, a period when the S&P 500 energy index lost 2.6 percent. Seth Klarman's Baupost increased its stake in Cheniere Energy by 1.5 million shares over the quarter, leaving it with 15.4 million shares, and raised its bet on Pioneer...

  • BOSTON, Aug 14- Top U.S. hedge funds added shares of Apple Inc in the second quarter, even as shares of the iPhone maker were flat during the period. Filings with the U.S. Securities and Exchange Commission released on Friday showed Philippe Laffont's Coatue Management added about 860,000 shares of the iPhone maker during the three months ended June 30, giving it...

  • 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...

  • 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...

  • *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...