Investing Private Equity

More

  • HEDGE FUND MARATHON MAKES BREXIT BET ON EUROPEAN.

  • Aug 25- Struggling retailer Sears Holdings Corp posted a quarterly net loss, and the company said it accepted additional debt financing of $300 million from billionaire Chief Executive Edward Lampert's hedge fund. The company had said in April that it had obtained a $500 million loan to fund a transformation and Lampert's hedge fund, ESL Investments, had...

  • Aug 25- Sears Holdings Corp posted a net loss due to lower sales of home appliances and apparel, and the company said it accepted debt financing of $300 million from Chief Executive Edward Lampert's hedge fund, ESL Investments. The owner of the Sears department store and Kmart discount store chains reported a 5.2 percent drop in comparable store sales for the...

  • Aug 24- The partners of Emerging Sovereign Group LLC have agreed to buy back the majority stake in the emerging markets-focused hedge fund manager that was acquired by Carlyle Group LP in 2011, Carlyle said on Wednesday. ESG was founded in 2002 by former Morgan Stanley colleagues Kevin Kenny, Mete Tuncel and Jason Kirschner with seed capital from Tiger...

  • Pedestrians walk past a sign for McDonald's in Shanghai, China.

    McDonald's may finally have a buyer for its 2,800 restaurants in China, Hong Kong and South Korea.

  • LONDON/ TOKYO Aug 23- Japan- focused hedge funds may be ready to start nibbling at Tokyo shares again after suffering losses earlier this year by betting on a weaker yen. Though the outlook for the yen remains as murky as ever ahead of Bank of Japan and U.S. Federal Reserve policy reviews, some fund managers think Japanese stocks are looking attractive again after...

  • Hedge funds and other money managers increased their net long position in the three main Brent and WTI futures and options contracts by 118 million barrels in the week to Aug. 16. Front-month Brent futures prices jumped from $41.50 a barrel on Aug. 2 to $49.23 on Aug. 16 and continued rising to reach $50.88 on Aug. 19 for an increase of more than 20 percent.

  • Launched in 2014 by an acolyte of SAC Capital Advisors founder Steven A. Cohen, Folger Hill was one of the most prominent hedge funds to come on the scene. Kumin raised about $1.1 billion by telling investors its diverse array of stock market bets through talented managers meant Folger Hill would perform well in good markets and bad. As of mid-August, Folger Hill's...

  • Hedge funds and other money managers increased their net long position in the three main Brent and WTI futures and options contracts by 118 million barrels in the week to Aug. 16. Front-month Brent futures prices jumped from $41.50 a barrel on Aug. 2 to $49.23 on Aug. 16 and continued rising to reach $50.88 on Aug. 19 for an increase of more than 20 percent.

  • Launched in 2014 by an acolyte of SAC Capital Advisors founder Steven A. Cohen, Folger Hill was one of the most prominent hedge funds to come on the scene. Kumin raised about $1.1 billion by telling investors its diverse array of stock market bets through talented managers meant Folger Hill would perform well in good markets and bad. As of mid-August, Folger Hill's...

  • Sadio Mane of Liverpool competes with Sadio Mane of Arsenal during the Premier League match between Arsenal and Liverpool at Emirates Stadium on August 14, 2016 in London, England.

    Liverpool Football Club's owners haven't received a bid, a club source said on Sunday, after reports of interest from a Chinese-led consortium.

  • Traders work at the Goldman Sachs Group booth on the floor of the New York Stock Exchange.

    Wall Street banks were shooed away from putting their own money into private equity funds after the financial crisis.

  • Aug 17- Combine the standard hedge fund compensation model with the reality of declining fund performance as assets under management increase and you have a whopping conflict of interest. Unlike mutual funds, hedge funds typically get an incentive fee, usually 20 percent of profits, in addition to a 1 or 2 percent annual management fee. In other words, the...

  • BOSTON, Aug 17- Hedge fund Maglan Capital demanded on Wednesday that telecom carrier FairPoint Communications remove four board members, stepping up pressure on a company whose shares it believes could trade 70 percent above their current value. In a letter sent to the board and FairPoint Chief Executive Paul Sunu and seen by Reuters, the hedge fund's two...

  • BOSTON, Aug 17- Hedge fund Maglan Capital on Wednesday demanded that telecom carrier FairPoint Communications remove four board members, stepping up the pressure on a company whose shares it thinks could trade 70 percent above their current value. In a letter sent to the board and FairPoint Communications CEO Paul Sunu on Wednesday, and seen by Reuters, the...

  • In a letter sent to the board and FairPoint Communications CEO Paul Sunu on Wednesday, and seen by Reuters, the hedge fund's two founders said they want board members Dennis Austin, Michael Mahoney, David Treadwell, and Wayne Wilson to "immediately tender their resignations" and warned they would push for a special meeting if no action is taken.

  • BOSTON, Aug 17- Activist hedge fund Marcato Capital Management is pushing Buffalo Wild Wings Inc to shake up its executive ranks and board, saying the casual restaurant chain's stock price could nearly triple if the company improves its business, according to a filing on Wednesday. Marcato founder Mick McGuire said in a Aug. 17 letter to Buffalo Wings Chairman...

  • BOSTON, Aug 17- Activist hedge fund Marcato Capital Management is pushing Buffalo Wild Wings Inc to shake up its executive ranks and board, saying the casual restaurant chain's stock price could nearly triple if it improves its business, according to a filing on Wednesday. Marcato founder Mick McGuire said in a Aug. 17 letter to James Damian, the chairman of the...

  • BOSTON, Aug 17- Activist hedge fund Marcato Capital Management is pushing Buffalo Wild Wings to shake up its executive ranks and board, saying the casual restaurant chain's stock price could nearly triple if it improves its business, according to a filing on Wednesday. Marcato founder Mick McGuire said in a letter to the chairman of the company's board that he...