Investing Private Equity


  • 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.

  • Tax inversions not a simple story: Scott Sperling Thursday, 10 Dec 2015 | 7:41 AM ET
    Tax inversions not a simple story: Scott Sperling

    Scott Sperling, THL Partners co-president, weighs in on American companies that relocate their corporate headquarters to another country to escape paying higher taxes in the U.S.

  • Pulse of M&A: Scott Sperling Thursday, 10 Dec 2015 | 7:34 AM ET
    Pulse of M&A: Scott Sperling

    Scott Sperling, THL Partners co-president, provides perspective on the broader M&A market and possible merger between DuPont and Dow Chemical.

  • Guess where a big crop of unicorns is coming from Monday, 7 Dec 2015 | 10:00 AM ET

    The venture capital industry in this region is spawning a new generation of high-tech superstars rivaling Silicon Valley.

  • Avon shares jump 7% on private equity deal report Friday, 4 Dec 2015 | 1:52 PM ET
    Avon headquarters in New York.

    Avon is in talks to sell its North American business and an equity stake to private equity firm Cerberus, Dow Jones reported.

  • Who's interested in Yahoo? It's complicated Wednesday, 2 Dec 2015 | 4:28 PM ET
    A billboard for Yahoo in Washington, D.C.

    Once a highly coveted mate, Yahoo might be on the market once again. But this time, there's baggage.

  • Hedge fund investors keep the faith in macro bet Wednesday, 2 Dec 2015 | 12:03 PM ET

    LONDON/ NEW YORK, Dec 2- A weak overall performance for hedge funds which bet on macroeconomic trends this year has not stopped some investors from gearing up to trust them with their money in 2016.. Notable closures were the main macro fund at Fortress Investment Group, a $1 billion fund at the world's biggest asset manager, BlackRock, and Bain Capital's $2.2...

  • Commentators and investors are almost unanimous in expecting OPEC to leave its production target unchanged. OPEC ministers, led by Saudi Arabia's Ali Naimi, have done nothing to contradict that view, leaving hedge funds free to continue selling in the expectation prices will move even lower. OPEC could decide to confound investors by agreeing to cut output in...

  • LONDON, Dec 1- BlueCrest Capital Management, the $8 billion hedge fund firm founded by billionaire Michael Platt, is returning all the cash provided by outside investors amid pressure on fees, rising costs and a lackluster performance. The decision, which follows an exodus of capital in recent years and disappointing returns relative to some rivals, is a shock...

  • Is Uber overvalued? Wednesday, 25 Nov 2015 | 3:00 AM ET
    Is Uber overvalued?

    James Gautrey, portfolio manager and global sector specialist in technology for Schroders, says an Uber IPO is highly likely and thinks it is worth its $50 billion valuation.

  • NEW YORK, Nov 24- Bridgewater Associates' Pure Alpha II Fund, managed by hedge fund titan Ray Dalio Robert Prince, and Greg Jensen, is up 1.97 percent so far in November for a year-to-date total return of 9.5 percent, two people familiar with the fund's performance said on Tuesday. The $70 billion Bridgewater All Weather Fund, managed by Dalio, is down 1.10 percent so...

  • LONDON, Nov 24- U.S. oil prices have cycled between $40 and $60 per barrel since the start of 2015 and the rise and fall has corresponded with the accumulation and liquidation of hedge fund short positions. Front-month WTI prices fell from $48 to a low of $43 in the middle of March before rebounding to around $60 in mid-May. WTI prices swooned from nearly $60 to a low of...

  • LONDON, Nov 23- Hedge funds and other money managers had amassed short positions in U.S. crude oil amounting to 154 million barrels by last Tuesday according to data from the U.S. Commodity Futures Trading Commission. The number of hedge funds with reported short positions of at least 350,000 barrels in the main WTI contract on the New York Mercantile Exchange...

  • The future of dating technology Friday, 20 Nov 2015 | 4:00 AM ET
    The future of dating technology

    Steve Pammenter, co-founder of Venntro, says there is not a private equity bubble in dating technology companies, as shares in Math Group (owners of jumped on its market debut.