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Investing Private Equity

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  • UPDATE 2-Och-Ziff forecasts rise in legal expenses Tuesday, 5 May 2015 | 10:37 AM ET

    May 5- Hedge fund Och-Ziff Capital Management Group LLC said it expects legal expenses to rise in the current quarter, after reporting a rise in revenue, driven by higher incentive income and management fees. Legal expenses would affect Och-Ziff's second-quarter earnings and dividends, RBC Capital Markets analyst Bulent Ozcan said. Increased expenses due to...

  • Big money managers clash on climate change Tuesday, 5 May 2015 | 10:35 AM ET
    Dry cracked earth is visible near an almond orchard on April 24, 2015 in Firebaugh, California.

    Managers of institutional funds from California, Texas and North Carolina have very different views on global warming.

  • May 5- Hedge fund Och-Ziff Capital Management Group LLC reported a rise in quarterly revenue, helped by higher incentive income and management fees. Incentive income jumped 9.6 percent to $57.1 million in the first quarter ended March 31 from a year earlier, said Och-Ziff, one of only a handful of publicly traded hedge fund companies. Management fees rose 4.5...

  • Citadel's Kenneth Griffin, who launched his trading career from his Harvard dormitory in the 1980 s, topped the list with $1.3 billion, according to Institutional Investors' Alpha's 14th annual rankings. Renaissance Technologies founder James Simons came in second with $1.2 billion, and Bridgewater Associates' Ray Dalio placed third with $1.1 billion.

  • KKR merges teams after more leaders step down Tuesday, 5 May 2015 | 7:22 AM ET

    KKR said it would merge some of its private equity industry teams in the U.S. after two more of its leaders stepped down.

  • NEW YORK, May 4- The annual Sohn Investment Conference in New York City kicked off on Monday, drawing thousands of portfolio managers, asset allocators and private investors. Alliance, QCOM.O value in WBA;. shares, says stock "a great way to play the urbanization and growth of the middle class in China".

  • Public markets good, private markets not so good: Fred Wilson

    Fred Wilson, Union Square Ventures founder, discusses the IPO market; and commerce and transportation companies.

  • Spotify raises $350M at $8B valuation: Sources Friday, 1 May 2015 | 11:15 AM ET
    Spotify technology apps

    Music streaming service Spotify raised $350 million in a new funding round at an $8 billion valuation, sources told CNBC.

  • TORONTO/ NEW YORK, April 29- Hedge fund Mangrove Partners is urging Atlantic Power Corp to return cash to shareholders and could push for a possible sale or break-up of the company, according to two sources with knowledge of the situation. One of the sources said the New York- based hedge fund wants Atlantic to pay a special dividend of $300 million, or about $2.50 per...

  • EXCLUSIVE-HEDGE FUND MANGROVE PARTNERS IS PUSHING ATLANTIC POWER TO RETURN CASH TO SHAREHOLDERS- SOURCES.

  • FRANKFURT, April 28- Hedge fund Elliott, which holds a 15 percent stake in German machine-tool maker DMG Mori Seiki AG, is not seeking a seat on the supervisory board, DMG said on Tuesday, contrasting with the activist fund's strategy for some of its other investments. Japan's DMG Mori Seiki Co Ltd has recently acquired a 52.5 percent stake in DMG Mori Seiki AG, and...

  • Billionaire investors reveal their best ideas Tuesday, 28 Apr 2015 | 8:22 AM ET
    Leon Black

    Major private equity managers, including several billionaires, gave their best investment idea at the Milken conference.

  • April 27- A former controller of Contrarian Capital Management LLC has been sentenced to four years in prison after he embezzled $9.2 million from the Greenwich, Connecticut hedge fund, federal prosecutors said on Monday. Lawrence Herzing, 45, of Greenwich, was sentenced on Friday by U.S. District Judge Jeffrey Alker Meyer in Bridgeport, Connecticut.

  • Buyouts for the masses Monday, 27 Apr 2015 | 1:55 PM ET
    Buyouts for the masses

    Jon Sundt, Altegris CEO, discusses Altegris KKR Commitments Fund which allows smaller investors to access KKR buyout deals.

  • April 27- A former controller of Contrarian Capital Management LLC has been sentenced to four years in prison after he embezzled $9.2 million from the Greenwich, Connecticut hedge fund, federal prosecutors said on Monday. Lawrence Herzing, 45, of Greenwich, was sentenced on Friday by U.S. District Judge Jeffrey Alker Meyer in Bridgeport, Connecticut.

  • LONDON, April 27- Hedge funds and other money managers raised their bets on rising Brent crude oil prices for a fifth week in a row to a new record, exchange data showed on Monday. Speculators increased net long positions in Brent futures and options by 8,351 contracts to 271,929 in the week to April 21, InterContinental Exchange data showed, the highest level since...

  • Opening up PE: Schwarzman Monday, 27 Apr 2015 | 12:01 PM ET
    Opening up PE: Schwarzman

    Blackstone CEO Steve Schwarzman, discusses why he is taking private investments and how it can benefit institutions and retirement funds.

  • Wall Street jets west for 'Davos with palm trees' Friday, 24 Apr 2015 | 11:54 AM ET
    Ken Griffin speaks at the 2013 Milken Institute Global Conference.

    The financial community—including Steve Schwarzman, Ken Griffin and Steve Cohen—will once again figure prominently at Milken.

  • BOSTON, April 23- Liquid alternative products, the look-alike hedge funds wooing customers with promises of getting their money back more easily and paying lower fees to have it managed, now have something else to brag about: superior returns. Among so-called liquid alts funds, Daman Investments' Daman Fifth Fund was last year's best performer boasting a 232...

  • LONDON/ BOSTON, April 23- London- based Denjoy Capital Partners, backed by powerful investor Blackstone Group, is shutting down its European long-short equity hedge fund following a slump in returns, a letter to investors seen by Reuters showed. The Denjoy Integral Fund- which bets on both rising and falling shares- recorded overall returns of 13.9 percent since...