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Hedge Funds Private Equity and Hedge Funds

  • BOSTON, Nov 30- Hedge fund manager Neil Chriss said on Thursday he is closing his $2.2 billion firm Hutchin Hill Capital LP after three years of poor performance. "We fought hard, but did not deliver the performance that you expected from us," Chriss wrote in the letter dated Nov. 30 and seen by Reuters on Thursday. One-time stars Eric Mindich and Richard Perry made...

  • **Seven-Up Bottling Co has received an offer from its majority shareholder Affelka to buy out minorities in a 19.33 billion naira takeover deal, vice chairman Sunil Sawhney told Reuters. **Private equity investor Terra Firma is gearing up to launch a $1.2 billion sale of its Italian solar-power assets, a deal that could pave the way for more consolidation in...

  • **Private equity investor Terra Firma is gearing up to launch a $1.2 billion sale of its Italian solar-power assets, a deal that could pave the way for more consolidation in European solar energy, sources said. **Hong Kong- based Bank of East Asia Ltd said it would sell certain consumer finance businesses in China and Hong Kong to a money-lending arm of China...

  • LONDON/ NEW YORK, Nov 29- Bitcoin zoomed past $11,000 to hit a record high for the sixth day in a row on Wednesday after gaining more than $1,000 in just 12 hours, stoking concerns that a rapidly swelling bubble could be set to burst in spectacular fashion. After soaring more than 1,000 percent since the start of the year, bitcoin rose as much as 15 percent on Wednesday,...

  • TORONTO/ NEW YORK, Nov 29- Private equity-backed Canadian waste management company GFL Environmental Inc is seeking to raise as much as C $1 billion in an initial public offering that could be filed as early as the first quarter, people familiar with the situation told Reuters on Wednesday. A C $1 billion IPO would be the biggest Canadian listing since Kinder...

  • BOSTON, Nov 29- A budding business in Asia is helping revive the fortunes of U.S. hedge fund executive Sol Kumin. The Singapore and Hong Kong- based unit of Kumin's Folger Hill Asset Management LP received a second commitment of up to $250 million from trading magnate Steven Schonfeld, the hedge fund founder told Reuters in an interview after the portfolio gained...

  • TORONTO/ NEW YORK, Nov 29- Private equity-backed Canadian waste management company GFL Environmental Inc is seeking to raise as much as C $1 billion in an initial public offering that could be filed as early as the first quarter, people familiar with the situation told Reuters on Wednesday. A C $1 billion IPO would be the biggest Canadian listing since Kinder...

  • LONDON/ NEW YORK, Nov 29- Bitcoin zoomed past $11,000 to hit a record high for the sixth day in a row on Wednesday after gaining more than $1,000 in just 12 hours, stoking concerns that a rapidly swelling bubble could be set to burst in spectacular fashion. It topped $10,000 for the first time in early Asia trading, before surging above $11,000 less than 12 hours later...

  • LONDON/ NEW YORK, Nov 29- Bitcoin zoomed past $11,000 to hit a record high for the sixth day in a row on Wednesday after gaining more than $1,000 in just 12 hours, stoking concerns that a rapidly swelling bubble could be set to burst in spectacular fashion. It topped $10,000 for the first time in early Asia trading, before surging above $11,000 less than 12 hours later...

  • LONDON, Nov 29- London Stock Exchange CEO Xavier Rolet is stepping down immediately and its chairman will not seek re-election, as the exchange tries to draw a line under a row with a top shareholder over management succession. Rolet had previously said he would leave at the end of 2018, but activist hedge fund TCI accused Chairman Donald Brydon of pushing him out...

  • LONDON, Nov 29- London Stock Exchange CEO Xavier Rolet is stepping down immediately and its chairman will not seek re-election, as the exchange tries to draw a line under a row with a top shareholder over management succession. Rolet had previously said he would leave at the end of 2018, but activist hedge fund TCI accused Chairman Donald Brydon of pushing him out...

  • LONDON, Nov 29- London Stock Exchange CEO Xavier Rolet is stepping down immediately and its chairman has also signalled he will not seek re-election, as the exchange seeks to draw a line under a row with a top shareholder over management succession. Rolet had previously said he would leave at the end of 2018, but activist hedge fund TCI accused Chairman Donald...

  • PARIS, Nov 29- French investment company Eurazeo has agreed to buy a 30 percent stake in Rhone, a private equity firm set up by former Goldman Sachs and Lazard bankers, in a deal which Eurazeo said would boost its earnings. "This strategic partnership will bolster Eurazeo's business model and help us grow and transform companies, creating further value for our...

  • *Buyout opportunities growing in Japan as firms restructure. TOKYO, Nov 29- Nomura Holdings Inc is returning to private equity- a move that comes as it seeks more stable income through consulting services and as Japanese firms increasingly look to divest non-core businesses as part of restructuring plans. Japan's biggest brokerage and investment bank on...

  • *Buyout opportunities growing in Japan as firms restructure. TOKYO, Nov 29- Nomura Holdings Inc is returning to private equity- a move that comes as it seeks more stable income through consulting services and as Japanese firms increasingly look to divest non-core businesses as part of restructuring plans. Japan's biggest brokerage and investment bank said in...

  • NEW YORK, Nov 28- The Federal Reserve faces the challenge of standing by as financial markets "correct" as the central bank trims its asset holdings, U.S. hedge fund manager David Tepper said on Tuesday, adding he was surprised the bond-yield curve was so flat. "There will be a challenge, in my mind, for the Fed to lay off let the market correct to where it should be on any...

  • LONDON, Nov 28- Hedge funds have found it hard to make money this year trading bonds and currencies, but as 2017 draws to a close they look to be relying on a twin strategy to put a gloss on the numbers: U.S. yield curve flattening and dollar weakness. If recent moves in Treasuries and the dollar are any guide, it's a winner. The latest data from the Chicago Futures Trading...

  • LONDON, Nov 27- Pearson, the struggling education group, has agreed the sale of its Wall Street English business to a consortium of funds led by Baring Private Equity Asia and CITIC Capital, for around $300 million. Pearson, which has disposed of some assets to focus on its core education businesses, said the sale would improve its net debt position by around $100...

  • Synlab, owned by private equity firm Cinven, did not say how much it paid or the size of its stake in a company which it said was the largest private pathology laboratory firm in Nigeria. "Nigeria has a population of about 186 million, but a large proportion of the population does not yet have access to modern medical diagnostics," said Thomas Degott, regional head of...

  • Nov 22- DaVita Inc, the largest U.S. provider of kidney care services, is exploring a sale of its physician network business, DaVita Medical Group, that could value the unit at up to $4 billion, according to people familiar with the matter. DaVita Medical Group could attract interest from a variety of bidders, including private equity firms and health insurers, the...