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Investing Private Equity

  • Aug 23- It isnt just your imagination: activist hedge funds do go after companies led by woman CEOs more often. They lose more in total compensation and are more likely to be replaced than their male peers, found Bill Francis and Qiang Wu of Rensselaer Polytechnic Institute and Yinjie Shen of Cleveland State University. Activist hedge funds, which take stakes in...

  • BOSTON, Aug 21- Billionaire investor Ray Dalio, who has been expressing concerns about President Donald Trump in recent months, said on Monday he was cutting some of his exposure during a time of growing political and economic divisions. "I'm watching how conflict is being handled as a guide, and I'm not encouraged," Dalio wrote in a LinkedIn post published on Monday.

  • Eric Schmidt, chairman of Alphabet Inc. and Larry Page, CEO and Co-founder of Alphabet enter Trump Tower ahead of a meeting of technology leaders with President-elect Donald Trump in Manhattan, New York City, U.S., December 14, 2016.

    "Business leaders are being asked to step forward and try and set policy for our country," said Jeff Richards, managing partner at GGV Capital.

  • WILMINGTON, Del., Aug 7- Puerto Rico's bankruptcy, aimed at restructuring $72 billion of debt, violates the U.S. Puerto Rico is barred from traditional municipal bankruptcy protection under Chapter 9 of the U.S. code. The fund, known for its years-long battle with Argentina over its defaulted debt, seeks to bar the oversight board from operating until it has been...

  • *Ken MacKenzie becomes chairman on Sept. 1. MELBOURNE/ LONDON, Aug 16- Hedge fund Elliott Management has upped the stakes at BHP, gaining powers to push for change by raising its holding in the miner's London- listed arm to 5 percent. At first Elliott held a 4.1 percent "economic interest" in BHP's London- listed shares, but in a statement on Wednesday it said it now held 5...

  • *Ken MacKenzie becomes chairman on Sept. 1. New York- based Elliott launched its effort in April, at which point it held a 4.1 percent "economic interest" in BHP's UK- listed shares, calling for the company to quit all or part of its petroleum business, boost returns and ditch its dual listing. The activist investor said it now holds 5 percent of BHP's UK- listed shares, and...

  • LONDON, Aug 15- Big computer-driven hedge funds such as AQR Capital Management, Aspect Capital and Two Sigma lost money in the first seven months of 2017, with human stock-pickers making better returns. The average hedge fund made 4.8 percent from the start of the year to July 31, Hedge Fund Research data shows, but a lack of market direction, June's sharp reversal...

  • A Reuters analysis of filings with the U.S. Securities and Exchange Commission showed that Coatue Management, Omega Advisors, Third Point, Tiger Global Management, Appaloosa Management, Paulson& Co, Soros Fund Management and Greenlight Capital in aggregate slashed 16 stakes, sold two stakes, increased six stakes, opened two new stakes, and maintained two...

  • NEW YORK, Aug 14- Hedge-fund manager David Tepper, known for taking positions in out-of-favor companies in his Appaloosa Management hedge fund, added stakes in embattled Wells Fargo Co and several energy companies in the second quarter as the price of oil fell, according to quarterly filings released Monday. In addition to energy and financial companies,...

  • NEW YORK, Aug 14- Several big-name hedge fund investors trimmed their stakes in healthcare companies in the second quarter as the sector led the broad U.S. stock market higher, rallying amid a Republican effort to repeal and replace President Obama' s signature healthcare law. Jana Partners sold all of its shares in nine healthcare companies, ranging from...

  • NEW YORK, Aug 14- U.S. hedge fund managers were active in the FAANG group of high-flying tech stocks in the second quarter, with Third Point increasing its stake in two of the companies and Omega Advisors trimming stakes in three, regulatory filings showed. Daniel Loeb's Third Point increased its stake in Alphabet by 120,000 class A shares to 575,000 and increased...

  • Aug 14- Activist investor Pershing Square Capital Management LP said on Monday the chief executive of Automatic Data Processing Inc had "unfairly characterized" their interactions in an effort to make the hedge fund's requests "appear unreasonable". Pershing, led by billionaire investor William Ackman, said on Monday it had not sought effective control of ADP...

  • NEW YORK, Aug 14- Several big-name hedge fund investors trimmed their stakes in healthcare companies in the second quarter as the sector led the broad U.S. stock market higher, rallying as Republican efforts to repeal and replace President Obama' s signature healthcare law dimmed. New York- based Jana Partners sold all of its shares in nine healthcare companies,...

  • LONDON, Aug 14- "If at first you don't succeed, try, try, try again," goes the proverb used to encourage students. Hedge funds and other money managers raised their net long position in the three major futures and options contracts linked to Brent and West Texas Intermediate to 705 million barrels in the week to Aug. 8. Fund managers have boosted their net long position in...

  • NEW YORK, Aug 13- For the oil-trading community, the fall of hedge fund manager Andy Hall signaled a heavy blow, but while commodity funds continue to shutter their doors, some are finding other ways to make money, including trading refining margins and calendar spreads. Commodity hedge funds have dwindled in recent years as oil prices slumped, leaving only a...

  • AMSTERDAM, Aug 10- Akzo Nobel does not have to let shareholders vote on whether to dismiss its chairman, a Dutch court ruled on Thursday, handing the paint company another victory in its battle with U.S. activist investor Elliott Advisors. Elliott, Akzo's largest shareholder with a 9.5 percent stake, holds Chairman Antony Burgmans responsible for Akzo's...

  • Aug 10- Valeant Pharmaceuticals International Inc investor John Paulson trimmed his stake in the Canadian drugmaker but said he remains fully supportive of the company's leadership. New York- based hedge fund Paulson& Co cut its stake to 6 percent from 6.3 percent, reported in June, due to rebalancing of its portfolios based on asset flows.

  • The Ontario Securities Commission entrance on the 17th floor.

    The Wall Street Journal reports that at least four people have filed complaints with the Ontario Securities Commission.

  • LONDON/ BOSTON Aug 9- Hedge fund firm Pine River Capital Management's flagship fund has lost about 68 percent of its assets in the 12 months to July, according to data compiled by HSBC. Assets in the multi-strategy fund dropped from $2.99 billion in July 2016 to $960 million in July 2017, the data showed. Minnetonka, Minnesota-headquartered Pine River, which also...

  • Roger McNamee

    McNamee says he's become "terrified" of damaging, unhealthy practices of Facebook and Google.