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Investing Private Equity

  • Tuesday's decision was a setback for hedge fund Perry Capital and other investors that sought to challenge the lower court's dismissal of lawsuits arguing the government's confiscation of profits was illegal. Major owners of the companies' preferred stock include Bruce Berkowitz's Fairholme Funds Inc, while William Ackman's Pershing Square Capital...

  • In early afternoon trading, Fannie Mae shares were down 26 percent at $3.06, while Freddie Mac fell 29 percent to $2.84. By a 2-1 vote, the U.S. Circuit Court of Appeals for the District of Columbia said a lower court had correctly barred claims that the government overstepped its authority in 2012 by eliminating dividend payouts to various shareholders and...

  • Feb 21- Luxury jewelry retailer Tiffany& Co said it would appoint three independent directors to its board in a deal with activist investor Jana Partners LLC. The company said it would add Roger Farah, a former co-chief executive of handbag maker Tory Burch, and James Lillie, a former CEO of Jarden Corp, to its board. Francesco Trapani, who owns an about 5.1 percent...

  • LONDON, Feb 20- Hedge funds and other money managers have amassed a very large bullish position in crude oil futures and options without so far having much impact on oil prices. The combined net long position has a notional valuation of more than $49 billion, which is the highest since July 2014. Fund managers now have the most bullish view on oil since the first half...

  • LONDON, Feb 20- Hedge funds and other money managers have amassed a very large bullish position in crude oil futures and options without so far having much impact on oil prices. The combined net long position has a notional valuation of more than $49 billion, which is the highest since July 2014. Fund managers now have the most bullish view on oil since the first half...

  • Feb 16- Ashford Hospitality Prime Inc. has reached an agreement with hedge fund Sessa Capital to add two directors to the real estate investment trust's board. The agreement ends a long feud between the company and the hedge fund, which launched a proxy fight against it last year and was close to launching another before the two sides entered settlement talks.

  • PARIS, Feb 16- Hedge fund operator TCI Fund Management said on Thursday it had the support of several other investment firms in its protest against aero engines maker Safran's agreed bid for seats manufacturer Zodiac Aerospace. But we are not looking to act in concert with them, "said TCI partner Jonathan Amouyal, speaking to Reuters by telephone.

  • NEW YORK, Feb 15- Morgan Stanley's chief U.S. equity strategist, Adam Parker, is leaving the company, according to an internal memo seen by Reuters on Wednesday. Parker is joining hedge fund Eminence Capital, according to a person familiar with the matter. Peter Santoro, who had been head of global equities trading, is leaving for Millennium Partners, Reuters...

  • NEW YORK, Feb 15- Morgan Stanley's chief U.S. equity strategist, Adam Parker, is leaving the firm, according to an internal memo from the company on Tuesday seen by Reuters. Parker is joining hedge fund Eminence Capital as its director of quantitative strategy, according to a person familiar with the matter who declined to be identified because the matter was...

  • Feb 14- U.S. hedge fund Elliott Management Corp has dissolved its stake in advertising company Interpublic Group of Companies Inc, a regulatory filing showed on Tuesday. In July 2014, the hedge fund run by Paul Singer said it had bought a 6.7 percent stake in Interpublic. http://reut.rs/2kR2D8Y. A 13- F fling with U.S. regulators on Nov. 14, 2016, showed Elliott held a...

  • OMAHA, Neb.— CSX wants its shareholders to vote on the demands a hedge fund is making as it seeks to install the executive who led Canadian Pacific's turnaround at the U.S. railroad. The Jacksonville, Florida- based CSX said Tuesday it will call a special shareholder meeting so investors can have a say on the requests from Paul Hilal's hedge fund, which it detailed in a...

  • NEW YORK, Feb 14- Top U.S. hedge funds trimmed bets on a group of closely-watched technology stocks in the fourth quarter in an apparent effort to cut their losses following Donald Trump's U.S. presidential election victory, regulatory filings showed. An analysis of nine hedge funds, including Leon Cooperman's Omega Advisors and Daniel Loeb's Third Point,...

  • Softbank is reinventing the wheel: Expert

    Jesper Koll, CEO of WisdomTree Japan KK, says Softbank is leapfrogging into the asset management space.

  • NEW YORK, Feb 14- Several big-name U.S. hedge fund investors in the fourth quarter moved significant parts of their portfolios into financial and pharmaceutical stocks that are expected to benefit under the Trump administration, helping to power the sector to its best January performance in four years. Omega Advisors, run by Leon Cooperman and Steven Einhorn,...

  • NEW YORK, Feb 14- Activist hedge funds recovered from a slow start last year, ending 2016 with sharp gains, spurred by a stock rally that followed the U.S. presidential election. Hedge fund managers who exclusively or partially manage an activist portfolio of stocks cited the election of President Donald Trump as a year-end boost and a likely tailwind for 2017,...

  • NEW YORK, Feb 14- Activist hedge funds recovered from a slow start last year, ending 2016 with sharp gains across the sector, spurred by a stock rally that followed the U.S. presidential election. Hedge fund managers that exclusively or partially manage an activist portfolio of stocks cited the election of President Donald Trump as a year-end boost and a likely...

  • BOSTON, Feb 14- Hedge fund manager Beau Taylor, who was originally backed by the Blackstone Group, and private equity investor Robb Turner are forming Madava Asset Management LLC, a new firm that will focus on energy investments. Trevor Woods, who has worked with Taylor since co-founding the hedge fund Taylor Woods in February 2011, is not joining the new firm,...

  • EM consumers and impact investing

    Jim Roth, co-founder of LeapFrog Investments, explains how the fund pursues a "profit with purpose" strategy.

  • Michael Ward is currently the CEO of CSX Corp.. A year ago, Harrison led a failed Canadian Pacific bid to acquire Norfolk Southern railroad. Canadian Pacific abandoned its roughly $30 billion bid for Norfolk Southern Corp. after encountering opposition from the railroad, politicians and some customers.

  • NEW YORK/ LONDON, Feb 8- Goldman Sachs Investment Partners, which opened in 2008 with one of the biggest launches in hedge fund history, is folding its London operations into the United States and shifting staff members to New York, four sources told Reuters. About eight staff members who made up the London team were recently told to move to the Battery Park City...