Hedge Funds Private Equity and Hedge Funds

  • NEW YORK, Aug 17- Two of the world's largest energy-focused hedge funds, Andurand Capital and BBL Commodities, suffered double-digit percentage losses in July as oil prices plunged by the most in two years, sources familiar with the matter told Reuters on Friday. Andurand Capital's Commodities Fund lost 15.2 percent in July, bringing the fund's performance to a...

  • BOSTON, Aug 17- Activist hedge fund ValueAct Capital Management boosted investments in financial stocks by more than $800 million during the second quarter, citing attractive risk-adjusted values of big banks, according to a client letter viewed by Reuters. The top 35 U.S. banks alone have added about $800 billion in common equity capital since the start of...

  • SAO PAULO, Aug 17- U.S. private equity firm GTIS Partners LP has put four major properties in Sao Paulo up for sale, four people with knowledge of the matter said, in what could be one of Brazil's largest real estate transactions in recent years. The auction, which could bring close to $400 million for the office towers alone, is the latest sign of a revival in Brazil's...

  • NEW YORK, Aug 17- Two of the world's largest energy-focused hedge funds, Andurand Capital and BBL Commodities, suffered double-digit percentage losses in July as oil prices plunged by the most in two years, sources familiar with the matter told Reuters on Friday. Andurand Capital's Commodities Fund lost 15.2 percent in July, bringing the fund's performance to a...

  • Aug 16- Hedge fund Starboard Value LP has nominated five directors to Symantec's board after taking a 5.8 percent stake in the cybersecurity firm, it said on Thursday, upping pressure for moves to improve performance. They rose 7.4 percent to $19.92 in morning trading. The Wall Street Journal reported https://on.wsj.com/2PeCeyZ earlier on Thursday that...

  • *Britain wants more scrutiny of M&A deals for national security. LONDON, Aug 16- Jon Moulton, the founder of private equity house Better Capital, was "absolutely staggered" when he learned that his firm's 44 million-pound sale of British company Northern Aerospace was being investigated by the UK government. Better Capital had announced on June 8 that it had...

  • Aug 16- Hedge fund Starboard Value LP has nominated five directors to Symantec's board after taking a 5.8 percent stake in the cybersecurity firm, it said on Thursday, upping pressure for moves to improve performance. The Wall Street Journal reported https://on.wsj.com/2PeCeyZ earlier on Thursday that Starboard believed its board nominees could help...

  • NEW YORK, Aug 15- The former head of New York City's correction officers' union was found guilty on Wednesday of accepting a bribe to steer union money to now-defunct hedge fund Platinum Partners for investing. Norman Seabrook, who once led the Correction Officers' Benevolent Association, was convicted by a Manhattan federal jury of one count of fraud after his...

  • Aug 14- A hedge fund owned by the chief executive of Sears Holdings Corp, Edward Lampert, has offered to buy the company's Kenmore appliances brand for $400 million in cash, Sears said in a regulatory filing on Tuesday. ESL Investments also made an offer to buy the Home Improvement business of the company's home services division for as much as $80 million in cash,...

  • Aug 14- A hedge fund owned by the chief executive of Sears Holdings Corp, Edward Lampert, has offered to buy Sears' Kenmore appliances brand for $400 million in cash, according to a filing with the U.S. Securities and Exchange Commission on Tuesday. ESL Investments also made an offer to buy the company's home services division Ship for $70 million in cash, according...

  • NEW YORK, Aug 14- Soros Fund Management LLC added Facebook Inc, Apple Inc and Twitter Inc, but trimmed stakes in Alphabet Inc and Amazon.com Inc in the quarter through June, according to a regulatory filing on Tuesday. Soros Fund Management also dramatically boosted its shares in BlackRock Inc- the world's largest asset management firm, overseeing $6 trillion- by...

  • BOSTON, Aug 14- Hedge fund Starboard Value said on Tuesday that it sold half of its stake in consumer products company Newell Brands, whose chief executive officer it sought to replace, about four months after ending its proxy contest. The activist firm, run by Jeffrey Smith, said it owned 8.7 million shares of the maker of Sharpie markers, Mr. The information came in a...

  • Aug 14- Prominent hedge fund managers appeared to make big second-quarter bets that the U.S. economy would continue to expand despite increasing concerns about a broadening trade dispute between the United States and China, regulatory filings showed Tuesday. Third Point added new positions in payment companies PayPal Holdings Inc and Visa Inc, both of which...

  • The Silicon Valley billionaire last week said on Twitter he wants to take Tesla private at $420 a share, valuing it at $72 billion, and claimed funding was "secured." Private equity firm Silver Lake is also not signed up officially as a financial adviser, as it is helping Musk explore how to take Tesla private with no compensation, Reuters reported on Monday.

  • The Silicon Valley billionaire last week said on Twitter he wants to take Tesla private at $420 a share, valuing it at $72 billion, and claimed funding was "secured." Private equity firm Silver Lake is also not signed up officially as a financial adviser, as it is helping Musk explore how to take Tesla private with no compensation, Reuters reported on Monday.

  • NEW YORK, Aug 14- Prominent hedge fund managers appeared to make big second-quarter bets that the U.S. economy would continue to expand despite increasing concerns about a broadening trade dispute between the U.S. and China, regulatory filings showed Tuesday. Third Point added new positions in payment companies PayPal Holding Inc and Visa Inc, both of which are...

  • *Westbeck, Andurand see oil reaching $150 a barrel. *Iran sanctions, Venezuela crisis seen hitting supply. Despite all this, prominent hedge funds such as Andurand Capital and Westbeck Capital are betting oil could skyrocket to $150 a barrel from around $75 now.

  • VIENNA, Aug 14- Austrian bank BAWAG Group posted slightly better than expected second-quarter net profit on Tuesday as a tight grip on costs kept it on track to beat its targets for 2018.. The company backed by U.S. private equity group Cerberus Capital Management has been hoarding capital with a view to making further acquisitions after purchases including...

  • LONDON, Aug 13- Persistent hedge fund liquidation over the last four months has weighed heavily on the oil market, both spot prices and calendar spreads, ending the previous rally and putting the cyclical upswing into a prolonged pause. Hedge funds and other money managers cut their net long position in the six most important petroleum futures and options...

  • Elliott Management pushes Nielsen to sell itself

    CNBC's Leslie Picker reports on activist investor Elliott Management taking a large stake in Nielsen to push the TV ratings company to sell itself.