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Investing Private Equity

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  • NEW YORK, Aug 10- Citigroup Inc agreed to pay $13.5 million to settle a lawsuit accusing the bank of deceiving investors into remaining in its Corporate Special Opportunities hedge fund, only to suffer big losses when the fund was liquidated in November 2008, court papers filed on Monday show. The lawsuit accused Citigroup and its Citigroup Alternative...

  • The company's shares jumped as much as 7 percent to $80.14 in regular trading, after Bloomberg reported that ValueAct had built a $1 billion stake and was seeking "shareholder-friendly" changes. AmEx is not yet a core active target of ValueAct, Bloomberg said, citing people with knowledge of the matter. However, the fund could sell its stake in AmEx if it decides...

  • HONG KONG/ SHANGHAI, Aug 7- Hundreds of foreign hedge funds and traders are working in a regulatory grey area in China, using speculative trading strategies that are complicating regulators' efforts to calm the country's turbulent stock markets. "With current market volatility and weak retail investor sentiment, these hedge fund strategies would naturally...

  • Aug 6- Oil trader Andy Hall's hedge fund lost about 17 percent in July after failing to anticipate sliding crude prices as U.S. inventories piled up, a letter to its investors showed on Thursday. The monthly loss was the second largest in the history of his Connecticut- based Astenbeck Capital Management firm, performance data accompanying the letter showed.

  • BOSTON, Aug 5- Bank of America Merrill Lynch is telling its financial advisers to pull clients' money from billionaire hedge fund manager John Paulson's Advantage fund and said they are not permitted to put new money into one of his other portfolios. Paulson's New York- based Paulson& Co has made bets on Puerto Rico, expecting the island to emerge from its debt...

  • BOSTON, Aug 5- Bank of America Merrill Lynch is telling its financial advisers to pull clients' money out of billionaire hedge fund manager John Paulson's Advantage Funds and said they are not permitted to put new money into one of his other portfolios. Customers at Bank of America's wealth management division who put money into Paulson's Advantage fund will...

  • Motorola Solutions plans revival with Silver Lake Wednesday, 5 Aug 2015 | 10:28 AM ET
    The Motorola Solutions Inc. logo.

    Motorola Solutions hopes a $1B investment from its new partner Silver Lake can help revive business, the New York Times reports.

  • Soros' CIO to start own hedge fund with $2 bln Tuesday, 4 Aug 2015 | 1:38 PM ET

    NEW YORK, Aug 4- Scott Bessent, who has been overseeing George Soros' $30 billion fortune for the last four years and whom some consider Soros' protege, will leave at the end of 2015 to start his own hedge-fund firm. Bessent is forming Key Square Group with a $2 billion investment from Soros, according to a memo sent on Tuesday to employees of Soros Fund Management, where...

  • BOSTON, Aug 4- Investment manager Och-Ziff Capital Management Group LLC on Tuesday reported a slightly higher second-quarter profit that beat analysts' forecasts as it earned more in management fees on portfolios that invest around the world. The New York- based firm, one of a handful of publicly traded hedge fund companies, said distributable earnings, which...

  • Commodities washout hits Carlyle Group: Report Saturday, 1 Aug 2015 | 1:36 PM ET
    A sign for the Carlyle Group, a private equity firm, in Washington, DC.

    The Carlyle Group has seen one of its funds sustain hefty losses because of the washout in raw materials, the Wall Street Journal reported.

  • BOSTON, July 31- Hedge fund mogul David Einhorn's Greenlight Capital slumped 6.1 percent in July and is now down 9 percent for the year after gold, one of the fund's top holdings, tumbled to five-year lows last week. A 23 percent drop in Micron Technology Inc, another one of Greenlight's top long positions, also hurt as did a 4 percent drop in Apple Inc's stock price,...

  • "We are going to be swimming in even more oil with the way OPEC is pumping," he added. OPEC, the Organization of the Petroleum Exporting Countries, groups Saudi Arabia and some of the biggest oil producers within and outside the Middle East. U.S. government data early this month showed OPEC production at a surplus of 1.77 million bpd, and forecast it to grow to 2.1...

  • Paulson, in his first public comments since the recent price crash, said his firm, Paulson& Co. Inc., has retained a 10 million share stake, now worth about $1 billion, in SPDR Gold Trust, which tracks the price of gold. While Paulson's hedge fund was the single largest investor in the SPDR Gold Trust at the end of the first quarter, the position, now worth about $1.05...

  • LONDON, July 31- New Bank of England policymaker Gertjan Vlieghe said on Friday that he would sever all links with his previous employer, one of the world's biggest hedge funds, to avoid "any mistaken impression" of a conflict of interest. Vlieghe had wanted to stay part of a long-term incentive plan at Brevan Howard, where he was a partner, after he joins the BoE's...

  • LONDON, July 31- New Bank of England policymaker Gertjan Vlieghe said on Friday that he would sever all financial links with his previous employer, hedge fund Brevan Howard, to avoid any accusations of a conflict of interest. Britain's finance ministry said this did not pose a conflict of interest. "As of August 31st I will have severed all financial and other ties...

  • Hedge fund Elliott eyes fresh market turbulence Thursday, 30 Jul 2015 | 8:15 PM ET

    BOSTON/ NEW YORK, July 30- Paul Singer's $27 billion hedge fund Elliott Associates is worried about Europe's prospects and is bracing for fresh market turbulence. In a letter to investors dated July 23 and seen by Reuters on Thursday, the New York- based firm told clients that it has returned 2.8 percent in its Elliott Associates, L.P. and 2.2 percent in its Elliott...

  • Protestors target hedge fund holding Puerto Rico debt Thursday, 30 Jul 2015 | 4:54 PM ET

    NEW YORK, July 30- Protestors carrying a vulture puppet and chanting in Spanish marched outside the Park Avenue offices of a major holder of Puerto Rico's debt on Thursday to protest proposed austerity measures. The approximately 45 protestors from Hispanic community organizations slammed BlueMountain Capital Management, which holds Puerto Rico...

  • LONDON, July 30- New Bank of England rate-setter Gertjan Vlieghe should reassure parliament that his ongoing financial link to one of the world's biggest hedge funds does not pose a conflict of interest, a senior legislator said on Thursday. Vlieghe will give up his partnership at Brevan Howard Asset Management, whose traders bet on interest rate moves, before...

  • The gift to Success Academy marks the 59- year old hedge fund manager's second multi-million dollar pledge to a school in two months, following a record $400 million donation to Harvard University in early June. Some of the money will be used in part to open two new middle schools next month, raising the total of schools run by the network to 34, Success Academy...

  • HEDGE FUND MANAGER JOHN PAULSON DONATES $8.5 MILLION TO NEW YORK CITY CHARTER SCHOOL NETWORK.