×

Investing Private Equity

More

  • 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...

  • 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...

  • BOSTON, Dec 6- Massachusetts, already a large investor in some of the world's biggest hedge funds, wants to hire an adviser to help find smaller managers that could improve the $63.2 billion state pension fund's risk and return profile. The Pension Reserves Investment Management Board on Tuesday voted to issue a request for proposals for advisers to assist in...

  • Sohn Conference Preview

    CNBC's Gemma Acton previews the big name investors at the Sohn Conference in London this week.

  • CNBC's Gemma Acton previews the big name investors at the Sohn Conference in London this week.

  • BOSTON, Dec 5- For hedge fund manager Sahm Adrangi, 2016 is the year that can not end quickly enough. Adrangi's New York- based Kerrisdale Capital Management now oversees roughly $170 million, far less than the roughly $350 million he managed over the summer. He was also charged with criminal possession of a controlled substance, which was cocaine, East Hampton...

  • BOSTON, Dec 5- Former hedge fund executive JP Miller launched an app on Monday for his startup news site Empire Report that is modeled on the Drudge Report and chronicles New York, its politicians, financiers and celebrities. There are other websites in Colorado, Connecticut and Pennsylvania that also look like the Drudge Report. The timing for Miller's site and...

  • Sperling: Government should not micromanage businesses

    CNBC's David Faber speaks with Scott Sperling, Thomas H. Lee Partners co-president, at the No Labels conference about how President-elect Donald Trump's policies could affect private equity and jobs.

  • *Hintze hails new chapter for industry. LONDON, Dec 2- Staff numbers at CQS, the hedge fund run by billionaire investor Michael Hintze, have fallen sharply, with the Australian saying rivals must adapt to a rapidly changing industry. After a tough 2015, all the main funds of CQS, which manages $12 billion, are now in the black.

  • BOSTON, Dec 2- Donald Trump's U.S. presidential election win gave a huge boost to some prominent hedge fund portfolios, helping them post double-digit gains in November, several investors said. William Ackman's Pershing Square Capital Management posted gains of roughly 10 percent in two portfolios while Mick McGuire's Marcato Capital Management's...

  • ZURICH, Dec 2- Actelion's silence speaks volumes to the dozens of event-driven hedge funds piling into the Swiss biotech firm, betting that Johnson& Johnson's approach will result in an outright takeover and handsome returns. A source familiar with the matter has told Reuters the two companies are discussing a bid of close to $27 billion, or 250 Swiss francs per...

  • *Hintze hails new chapter for industry. LONDON, Dec 2- Staff numbers at CQS, the hedge fund run by billionaire investor Michael Hintze, have fallen sharply, with the Australian saying rivals must adapt to a rapidly changing industry. After a tough 2015, all the main funds of CQS, which manages $12 billion, are now in the black.

  • NEW YORK, Dec 1- The majority of institutional investors worldwide are seeking to increase their investments in riskier alternatives that are not publicly traded such as hedge funds, real estate and private equity over the next one to two years to combat potential low returns and choppiness in public markets, a Fidelity survey showed on Thursday.