Investing Private Equity

  • LONDON, May 9- Activist hedge fund TCI's campaign against German carmaker Volkswagen was launched as its own initiative and not on behalf of a broader investor group, a partner at the firm told Reuters. The $10 billion London- based hedge fund says it has a 2 percent exposure to VW's non-voting preference shares and none to the group's ordinary shares.

  • NEW YORK, May 9- Hedge fund manager David Einhorn has built a reputation on his ability to crater a company's stock. His prescient short calls such as Allied Capital and Lehman Brothers had been announced in previous years at the annual Sohn Investment Conference in New York. The same day that Einhorn spoke in New York, the chief investment officer for the...

  • NEW YORK, May 6- New Mexico's public employees are taking their final chunk of money out of billionaire investor William Ackman's hedge fund Pershing Square Capital Management, the pension fund's chief investment officer said on Friday. The $14 billion pension is asking the $12 billion hedge fund to return $13 million, the last remaining bit of a once larger...

  • "Timing-wise, a few things play together," said Rudolf Bohli, founder and chief investment officer at RBR Capital, which launched a fund for Greece in May and has already started buying shares in local companies. Fears that Greece will tumble out of the euro have receded from a year ago, although Prime Minister Alexis Tsipras's promise that Greece's May 1 Orthodox...

  • SAO PAULO/ NEW YORK, May 5- Gávea Investimentos Ltda, the hedge fund run by former Brazilian central bank President Arminio Fraga, posted higher returns in April after scrapping bets against domestic assets on optimism that a possible change of government could jump-start Latin America's largest economy. Money managers at Rio de Janeiro- based Gávea also...

  • NEW YORK, May 5- A large shareholder of Ambac Financial Group Inc. is urging a hedge fund to drop its proxy fight against the bond insurer, weeks before a key shareholder vote. Cornwall Capital Management LP, which says it owns 4.9 percent of Ambac's shares, said in a statement issued late on Wednesday that fellow hedge fund Canyon Capital should cease its proxy...

  • May 4- Insurer MetLife Inc reported a quarterly operating profit way below analysts' expectations as returns on investments in bonds and hedge funds fell and expenses rose. The company's net investment income fell 5.5 percent to $4.71 billion in the first quarter ended March 31. The insurer's net operating profit fell 19 percent to $1.33 billion, or $1.20 per...

  • The insurer's near collapse in 2008 and its $182 billion bailout by the U.S. government led to its inclusion in the Federal Reserve's list of "systemically important financial institutions". Chief Executive Peter Hancock said in March that a judge's ruling that MetLife Inc was not "too big to fail" opened up an opportunity for AIG to seek an exemption from the...

  • LONDON, May 3- Hedge funds increased their net long positions in Brent and WTI derivatives by 7 million barrels to a record 663 million barrels in the week ending April 26. Even though oil prices have already risen by roughly $20 per barrel from their low in January, hedge funds are more bullish than at any time since oil prices started slumping in the summer of 2014..

  • The insurer's near collapse in 2008 and its $182 billion bailout by the U.S. government led to its inclusion in the Federal Reserve's list of "systemically important financial institutions". Chief Executive Peter Hancock said in March that a judge's ruling that MetLife Inc was not "too big to fail" opened up an opportunity for AIG to seek an exemption from the...

  • May 2- Chipmaker Marvell Technology Group Ltd has appointed Richard Hill its chairman, as part of an agreement it reached with activist hedge fund Starboard Value LP last week. Marvell had reached an agreement with Starboard to add to its board three independent directors nominated by the hedge fund. Peter Feld and Oleg Khaykin are the other two directors that...

  • April 30- Warren Buffett nibbled on sweets during his presentation to shareholders on Saturday but he took a bite out of hedge fund managers. "There's been far, far, far more money made by people in Wall Street through salesmanship abilities than through investment abilities," Buffett said, citing a simple Vanguard Group index fund that tracks the S&P 500 index of...

  • LONDON, April 29- More than 100 executives from Britain's financial services industry, including hedge fund managers Crispin Odey and Paul Marshall, have signed a letter backing Britain's withdrawal from the European Union, the main Brexit campaign group said on Friday. The investors said that while membership had been good for Britain and London since 1973,...

  • LONDON, April 29- Oil prices are becoming dangerously overheated as speculators anticipate a rebalancing of supply and demand that has barely started, according to many oil analysts. The net long position has surpassed previous peaks set this time last year and before that in June 2014 as Islamic State fighters were racing across northern Iraq and just before...

  • NEW YORK, April 25- Aurora Investment Management LLC, the hedge fund investment firm founded in 1988 and owned by Natixis Global Asset Management, is shutting down, a Natixis spokesman said in a telephone interview with Reuters. The development, first reported by Bloomberg News, comes after a March proposal for Aurora to be bought by Northern Trust Corp's 50 South...

  • NEW YORK, April 19- Activist investor Jeffrey Smith, whose Starboard Value hedge fund wants to replace the entire board at Yahoo Inc, said this approach often works best to revive an ailing company but cautioned that path is not always possible. At Yahoo, Starboard is working to repeat a feat that earned the hedge fund headlines two years ago, when it won all 12 seats...

  • *Yunhee Yoo to launch Cascade Ridge Capital in early 2017. LONDON, April 19- Former Canyon Capital analyst Yunhee Yoo is starting her own credit hedge fund, Cascade Ridge Capital, three sources familiar with the matter told Reuters, and aims to launch in early 2017 with $150 million in assets. She is joined by Mitchell McCullough, former president at...

  • LONDON, April 19- Brent futures prices are signaling the market expects a rapid tightening of the supply-demand balance in the second half of 2016.. The spread between futures prices for oil delivered in June and July has moved into a backwardation of 17 cents per barrel from a contango of almost 50 cents at the end of last month. The spread between July and August...

  • WASHINGTON/ BOSTON, April 18- The heads of the major U.S. financial regulatory agencies on Monday raised concerns about a concentration of leverage in large hedge funds and called for a working group to collect and analyze data on the privately held firms in a report on asset management. But the Financial Stability Oversight Council, tasked with finding and...

  • WASHINGTON/ BOSTON, April 18- The heads of the major U.S. financial regulatory agencies on Monday raised concerns about a concentration of leverage in large hedge funds and called for a working group to collect and analyze data on the privately held firms in a report on asset management. In a rare public meeting late on Monday, the regulatory group, including the...