Investing Private Equity

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  • NEW YORK, Jan 7- Tim Garry, second-in-command at $4.4 billion hedge fund firm Passport Capital, has decided to leave, according to a letter sent to clients on Thursday morning seen by Reuters. "Given his achievements at Passport, Tim is ready for a role with an increased level of responsibility and will be pursuing new opportunities," firm founder John Burbank wrote...

  • Lion Point, co-founded in 2014 by former portfolio managers from Elliott Management and Perry Capital, said Ally ignored this request and also chose to make their private discussion public via its release on Monday. Lion Point is targeting a $9 billion company in its first such campaign while holding less than 1 percent of Ally's stock. Ally, the largest auto...

  • A growing conflict in Wall St. buyouts Tuesday, 5 Jan 2016 | 11:25 AM ET
    Wall Street

    CNBC's Andrew Ross Sorkin delves into the latest conflict-ridden practice on Wall Street, reports The New York Times.

  • BOSTON, Jan 4- Billionaire investor Barry Rosenstein's Jana Partners hedge fund ended 2015 with a 5.4 percent loss, marking its first down year since 2011 and only the third time it has lost money for the full year. Jana Partners, which has been in business since 2001, last had a down year in 2011, when the fund dipped 2.1 percent. William Ackman's Pershing Square...

  • Here's why US markets may do well this year Sunday, 3 Jan 2016 | 7:11 PM ET
    Here's why US markets may do well this year

    Based on past statistics, U.S. markets have performed reasonably well in the run up to presidential elections, explains Sean Darby, global head of equity strategy at Jefferies.

  • NEW YORK, Dec 30- A federal judge on Wednesday rejected hedge fund manager Doug Whitman's request to end his two-year sentence for insider trading early while he pursues his latest appeal of his 2012 conviction. District Judge Jed Rakoff said it would be unfair to release the Whitman Capital LLC founder from the Sacramento, California, halfway house where he was...

  • NEW YORK, Dec 24- This year, betting on corporate takeovers and restructurings should have been a sure thing for investors as the value of deals soared to record levels. "It turned out to be a very challenging year," said Tristan Thomas, who helps clients select hedge funds at Northern Trust's 50 South Capital. Since January 2010, event driven hedge funds gained an...

  • Betting on pre-IPO companies Thursday, 24 Dec 2015 | 8:43 AM ET
    Betting on pre-IPO companies

    Manny Fernandez, DreamFunded CEO, weighs in on Silicon Valley's private tech stock market that connects angel investors with private markets through an equity crowdfunding platform.

  • Private equity has become a ‘sophisticated animal’ Wednesday, 23 Dec 2015 | 4:30 AM ET
    Private equity has become a ‘sophisticated animal’

    Stewart Licudi, head of European financial sponsors at William Blair, looks at the current trends in private equity and what will perform well in 2016.

  • NEW YORK/ TORONTO, Dec 22- Dominion Diamond Corp has been working with its long-time banker Rothschild& Co to find ways to boost shareholder value including a potential sale, according to a source familiar with the matter. In a securities filing on Monday, a group of investors led by Toronto- based K2& Associates said they had requested for a meeting with Dominion's...

  • Black box hedge funds lead winners from oil collapse Tuesday, 22 Dec 2015 | 10:43 AM ET

    *Among' human' funds, Taylor Woods the best, up 20 pct. *Andy Hall's Astenbeck a big loser, down more than 20 pct. LONDON/ NEW YORK, Dec 22- To make money from the sharp fall in oil prices this year, it helped if you weren't human.

  • Dec 22- TerraForm Power Inc shareholder Appaloosa Management LP said it wants to inspect the books of the solar yieldco to learn more about its dealings with parent SunEdison Inc.. Hedge fund Appaloosa, headed by David Tepper, said on Tuesday its request was related to SunEdison's deal to buy Vivint Solar Inc.. SunEdison shares were down about 24 percent at $5.12...

  • Dec 22- TerraForm Power Inc shareholder Appaloosa Management LP said it wants to inspect the books of the solar yieldco to learn more about its dealings with parent SunEdison Inc.. The hedge fund said on Tuesday its request was related to SunEdison's deal to buy Vivint Solar Inc.. Funds affiliated with Appaloosa together own 7.6 million shares, or 9.5 percent of...

  • Dec 16- Two former hedge fund managers were sentenced to 45 months in prison, for misleading investors into investing more than $500 million in their fraudulent hedge fund business, said the U.S. Attorney's Office on Wednesday. Gabriel Bitran, 70, a former professor at the Massachusetts Institute of Technology and his son Marco Bitran, 40, a Harvard Business...

  • BOSTON, Dec 16- African-Americans have become a shrinking presence in the boardrooms of the biggest U.S. companies in recent years, setting back a push by pension funds for greater diversity. African-Americans, who make up about 13 percent of the U.S. population, account for 8.6 percent of the directors on the boards of the largest 200 companies by revenue in the...

  • LONDON, Dec 14- Rather than taking profits, hedge funds continued to add to their record bearish positions after the Organization of the Petroleum Exporting Countries failed to reach agreement on a production target at the start of the month. Hedge funds booked some profits on Brent, reducing short positions by 8 million barrels last week, but added 13 million in...

  • LONDON, Dec 14- Almost half of hedge fund firms plan to roll out a new hedge fund by the end of next year despite regulations challenging how they market, the Alternative Investment Management Association said on Monday. Managers with more than $500 million were more likely to be preparing a new hedge fund than those with less than $500 million.

  • BOSTON, Dec 11- LionEye Capital, a $1.5 billion event-driven hedge fund, is closing its doors at the end of December after suffering double digit losses and heavy redemptions this year, two people familiar with the matter said. The six year-old fund, run by Stephen Raneri and Arthur Rosen, is the latest casualty in an industry being battered by unpredictable...

  • LONDON, Dec 11- Former Perella Weinberg Partners Capital Management partner Andrew Dickson is preparing to launch an equities hedge fund firm called Albert Bridge Capital, six sources familiar with the matter said. The firm is set to open an initial fund with $100 million in the first quarter of 2016, one source said, while a second added the size could be in the "...

  • NEW YORK, Dec 10- Sara Tirschwell and Dan Kamensky lined up everything to launch a successful hedge fund, only to realize they could not work together, two people familiar with the matter told Reuters. The pair decided on an amicable departure from their planned joint-venture, New York- based Livia Capital Partners, according to one of the people.