×

Investing Private Equity

  • NEW YORK, Jan 9- A former portfolio manager at Visium Asset Management LP is scheduled to face trial on U.S. charges stemming from an investigation that led to the New York- based hedge fund's closure last year. Jury selection is set to begin on Wednesday in Manhattan federal court in the case of Stefan Lumiere, Visium founder Jacob Gottlieb's former...

  • Goldman sees 'January effect' fading

    The firm's analysis of returns shows the effect has faded compared to a longer history.

  • Chris Merry, chief executive at Ipes, discusses how the private equity environment could develop in 2017.

  • 2017 another  good year for private equity: Pro

    Scott Sperling, THL Partners, shares his outlook on dealmaking in the new year.

  • LONDON/ NEW YORK, Dec 23- For some equity funds and those betting on macroeconomic trends, which together make up a large chunk of the $3 trillion global hedge fund industry's assets, 2016 has been another year to forget. Those coming off worse included London- based Crispin Odey, whose Odey European fund was down around 50 percent by early December, and U.S.-based...

  • BOSTON, Dec 21- Team-based hedge funds lost billions in cash and some of their cachet this year, creating an uncertain future for a strategy that had long been an industry darling. On Tuesday, Blackstone Group LP said it would shut its $1.8 billion Senfina Advisors after losing 24 percent this year. Earlier this year Deimos Asset Management, once associated with...

  • CITADEL PROMOTES SHAWN FAGAN TO GENERAL COUNSEL FOR HEDGE FUND BUSINESS, EFFECTIVE IMMEDIATELY.

  • BOSTON, Dec 20- Prominent technology investor Chris Connor is shutting down his hedge fund less than one year after launching it and will be joining Citadel, one of the industry's biggest players, two sources familiar with the move said on Tuesday. Connor launched Ardmore Global Investors, which concentrated on picking global technology, media and...

  • *CQS, Man Group and Brevan Howard see headcount falls. LONDON, Dec 20- The number of senior people registered as working at the 15 largest discretionary hedge funds in Britain fell by 3.5 percent in 2016, one of the toughest for the industry in recent years. These 15 funds together account for roughly $247 billion of a $478 billion industry in Britain and $3.24...

  • BOSTON, Dec 20- Prominent technology investor Chris Connor is shutting down his hedge fund less than one year after launching it and will be joining Citadel, one of the industry's biggest players, two sources familiar with the move said on Tuesday. Connor launched Ardmore Global Investors, which concentrated on picking global technology, media and...

  • LONDON, Dec 19- Hedge funds have amassed a record bullish position in crude oil in anticipation OPEC and non- OPEC oil producers will succeed in rebalancing the market and reducing excess stocks next year. Promised production cuts totalling almost 1.2 million barrels per day by the Organization of the Petroleum Exporting Countries and 560,000 bpd by non- OPEC...

  • LONDON, Dec 12- Hedge funds were badly caught out by the production cuts announced by OPEC at the end of last month, triggering a furious rally as managers raced to buy back loss-making short positions. When OPEC announced a deal had been reached on Nov. 30, a substantial number of short positions were still uncovered, providing the opportunity for a classic squeeze.

  • Dec 9- A major shareholder of NorthStar Realty Europe Corp has offered to buy the company for $13 per share and is demanding that the real estate investment trust pursue a new asset management contract, according to a letter seen by Reuters. Bow Street LLC said in the letter dated on Friday that its $728 million offer is fully financed. NorthStar Europe focuses on...

  • LONDON, Dec 12- Hedge funds were badly caught out by the production cuts announced by OPEC at the end of last month, triggering a furious rally as managers raced to buy back loss-making short positions. When OPEC announced a deal had been reached on Nov. 30, a substantial number of short positions were still uncovered, providing the opportunity for a classic squeeze.

  • Samuel Mebiame, a son of the late former Gabon Prime Minister Leon Mebiame, entered his plea in federal court in Brooklyn to conspiracy to violate the U.S. His plea came after Och-Ziff and its chief executive, Daniel Och, agreed in September to pay $412 million and $2.17 million, respectively, to resolve U.S. probes into the hedge fund's role in bribing officials in...

  • Samuel Mebiame, the 43- year-old son of the late former Gabon Prime Minister Leon Mebiame, entered his plea in federal court in Brooklyn to conspiracy to violate the U.S. His plea came after Och-Ziff and CEO Daniel Och in September agreed to pay $412 million and $2.17 million, respectively, to resolve U.S. probes into the hedge fund's role in bribing officials in...

  • Samuel Mebiame, the 43- year-old son of the late former Gabon Prime Minister Leon Mebiame, entered his plea in federal court in Brooklyn to conspiracy to violate the U.S.

  • NEW YORK, Dec 9- Polychain Capital, a hedge fund that invests solely in encrypted digital currencies, has raised $10 million from famed venture capitalists Andreeseen Horowitz and Union Square Ventures, founder Olaf Carlson-Wee said on Friday. The San Francisco- based fund is focusing on currencies powered by blockchain, a ledger of transactions maintained by...

  • Dec 9- A major shareholder of NorthStar Realty Europe Corp has offered to buy the company for $13 per share and is demanding that the real estate investment trust pursue a new asset management contract, according to a letter seen by Reuters. Bow Street LLC, a recently launched hedge fund backed by the Blackstone Group, said in the letter dated on Friday that its $728...

  • BOSTON, Dec 6- Hedge fund manager Mick McGuire is taking his fight for change at casual restaurant chain Buffalo Wild Wings Inc directly to franchise owners, saying they could have better access to innovations and grow more if his ideas were implemented. The company's shares, down 0.5 percent at $169.95 in late afternoon trading on Tuesday, have risen 15 percent...