Investing Private Equity

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  • Feb 22- Alternative asset manager Carlyle Group LP said on Monday it would shut its hedge fund-of-funds manager Diversified Global Asset Management Corp, two years after it added the unit to its investment platform. Toronto- based DGAM, which manages funds that invest in other hedge funds, had more than $6 billion in managed and advised assets as of April 30, 2015.

  • Feb 19- FelCor Lodging Trust Inc said it had agreed with activist hedge fund Land and Buildings Investment Management LLC to appoint two independent directors to the real estate investment trust's board. Land and Buildings, run by former Citigroup REIT analyst Jonathan Litt, owned a 2.12 percent stake in FelCor as of Dec. 31 and was its tenth biggest shareholder,...

  • Citadel, run by Kenneth Griffin, cut analysts, associates and portfolio managers at its Surveyor Capital arm in the last weeks, the sources said. In January Citadel promoted Todd Barker, who had co-headed Citadel's equity business in San Francisco, to head Surveyor, replacing Jon Venetos, the unit's long-time chief. The layoffs came as $24 billion Citadel's main...

  • Feb 17- North Dakota's energy regulator said on Wednesday he is worried about hedge funds and other investment groups buying oil assets in the state and conducts background checks on potential acquirers. Lynn Helms, head of North Dakota's Department of Mineral Resources, said he is worried some buyers might have a lack of experience running oil or natural gas...

  • NEW YORK, Feb 16- Top U.S. hedge fund management firms, including Visium Asset Management and Sand Grove Capital Management, took stakes in renewable energy company SunEdison Inc during the fourth quarter. Visium bought 1.3 million shares and Sand Grove Capital added a new position of 272,000 shares, while Adage Capital Partners bought 9.2 million shares to own...

  • NEW YORK, Feb 16- Top U.S. hedge fund management firms, including Visium Asset Management and Sand Grove Capital Management, took stakes in embattled renewable energy company SunEdison Inc during the fourth quarter. Visium bought 1.3 million shares, Sand Grove Capital added a new position of 272,000 shares, while Adage Capital Partners bought 9.2 million...

  • BOSTON, Feb 12- Valiant Capital Partners, a hedge fund with ties to renowned investor Julian Robertson that has been closed to new investments since 2012, is raising fresh capital, a person familiar with the firm's plans said. The San Francisco- based firm, which has bet heavily on technology stocks including Apple, Facebook and Amazon, wants to keep its assets near...

  • Feb 12- BlackRock Inc's $1.9 billion Obsidian hedge fund recorded losses in January, suffering its worst start to the year in its nearly 20- year history, but the fund was narrowing those losses so far in February. Through Jan. 31, the fund posted a negative 4 percent return, according to an estimate the hedge fund provided to investors, a copy of which was seen by...

  • Feb 12- BlackRock Inc's $1.9 billion Obsidian hedge fund recorded losses in January, suffering its worst start to the year in its nearly 20- year history, but the fund was narrowing those losses so far in February. Through Jan. 31, the fund posted a negative 4 percent return, according to an estimate the hedge fund provided to investors, a copy of which was obtained by...

  • WASHINGTON, Feb 10- Dozens of large U.S. hedge funds are more highly leveraged than the Third Avenue junk-bond mutual fund that collapsed last year, the federal office monitoring the financial system said on Wednesday. The Office of Financial Research analyzed quarterly reports that advisers for hedge funds with at least $500 million in assets under...

  • NEW YORK, Feb 9- The chief investment officer of Apex Capital is departing to launch a new technology-focused hedge fund, causing a restructuring of his old firm, according to a letter sent to Apex clients and a person familiar with the situation. That new firm is SoMa Equity Partners, and will led by current Apex chief investment officer Gil Simon.

  • EXCLUSIVE: APEX CAPITAL CIO DEPARTS TO LAUNCH TECH-FOCUSED HEDGE FUND- LETTER.

  • OIL BULL ANDY HALL'S ASTENBECK HEDGE FUND DOWN 4 PCT IN JAN, EXTENDING LAST YEAR'S 36 PCT DECLINE- INVESTOR LETTER.

  • Case for staying private

    Discussing the health of the IPO market, with CNBC's Jon Fortt, and Joe Londsdale, data analytics firm Palantir founder, and venture capital firm Formation 8 partner.

  • SAO PAULO/ NEW YORK, Feb 5- Gávea Investimentos Ltda, the hedge fund run by former Brazilian central bank president Arminio Fraga, is doubling down on contrarian bets on Mexico's currency and against Brazil's, a sign that disparities between Latin America's two biggest economies will grow faster. Gávea also kept bets against the currencies of Thailand, South...

  • EXCLUSIVE-HEDGE FUND FIRM STANDARD PACIFIC CAPITAL TO SHUT- LETTER.

  • Feb 3- Two thirds of hedge funds create genuine value through contrarian strategies, choosing well among cheap and beaten-down stocks, according to a new study of their holdings. The study, released in January, is ground-breaking, according to its authors, because it relies on 13 F filings, which are holdings disclosures that money managers above a certain size...

  • The Yahoo! website and logo are displayed on laptop computers in Washington, April 15, 2014.

    Yahoo might sell its hallmark services — but would it find a bidder?

  • NEW YORK, Feb 3- Orange Capital, the activist hedge fund firm led by New York- based real estate investment manager Daniel Lewis, is shutting down after a year of poor performance, according to people familiar with the situation. A group of stocks in Orange's portfolio, worth about $1.3 billion as of September 30, according to a public filing, declined substantially...

  • Feb 1- Activist hedge fund Hudson Executive Capital LP wants CIT Group Inc to break up, the Wall Street Journal reported, citing people familiar with the matter. The hedge fund, which disclosed a 0.5 percent stake in CIT, thinks the best strategy for the commercial lender would be to sell off its various pieces given its recent underperformance, the Journal said.