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Investing Private Equity

  • 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.

  • Detail of a Razer gaming mouse, taken on March 2, 2016.

    An early backer of gaming start-up Razer wasn't initially delighted with its business proposition.

  • LONDON, Aug 7- Hedge funds and other money managers are becoming bullish again about oil prices, for the third time this year, as investors conclude the market is showing clear signs of rebalancing. Hedge funds raised their combined net long position across the five major futures and options contracts linked to petroleum prices by 135 million barrels in the week...

  • 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. Aurelius owns around $3 billion of debt guaranteed by Puerto Rico's constitution.

  • LONDON, Aug 7- Hedge funds and other money managers are becoming bullish again about oil prices, for the third time this year, as investors conclude the market is showing clear signs of rebalancing. Hedge funds raised their combined net long position across the five major futures and options contracts linked to petroleum prices by 135 million barrels in the week...

  • TOKYO, Aug 7- U.S. hedge fund King Street Capital Management owned a stake of 5.81 percent in Toshiba Corp as of July 31, according to a Japanese securities filing by the fund. King Street Capital bought the stake for investment purposes, the filing said. Shares in Toshiba jumped 6 percent on Monday following media reports that the firm may gain a partial endorsement...

  • Aug 4- Automatic Data Processing Inc said hedge fund Pershing Square Capital Management is seeking effective control of the HR services provider by nominating five directors to its board. The hedge fund, controlled by billionaire investor William Ackman, has also urged the company to replace its Chief Executive Carlos Rodriguez. "Ackman requested that ADP...

  • NEW YORK, Aug 2- Beechwood, a group of reinsurance and asset management companies, has been sold after it lost clients and suffered a bruised reputation when hedge fund firm Platinum Partners collapsed amid federal investigations and fraud charges, a person familiar with the matter told Reuters. Beechwood, which managed $2.4 billion in assets in 2015, has said...

  • EXCLUSIVE-BEECHWOOD REINSURANCE COMPANIES SOLD AFTER LOSING CUSTOMERS BECAUSE OF TIES TO COLLAPSED HEDGE FUND PLATINUM PARTNERS- SOURCE.

  • BOSTON, Aug 2- Federal prosecutors on Wednesday accused the manager of a Boston- based hedge fund of defrauding investors out of millions of dollars, nearly two months after state regulators charged him with engaging in a Ponzi-like scheme. Raymond Montoya, who operated RMA Strategic Opportunity Fund LLC, misused millions of dollars to pay for luxury vehicles...

  • Tiger 21's Michael Sonnenfeldt: Real estate and private equity have gone up dramatically

    Michael Sonnenfeldt, Tiger 21 founder, discusses what his clients at an ultra-wealthy investment group are worried about.

  • Customers exit a Nordstrom department store in Christiana, Delaware.

    As a private company, Nordstrom expects it would be able to focus on long-term initiatives, such as investing more in e-commerce.

  • While Monday's sanctions don't cover Venezuela's oil sector, the White House has made clear that the door is open to further steps. Few investors believe Venezuela, rocked by daily protests and facing a humanitarian catastrophe with shortages of food and medicines, can dodge default for much longer. "We do have some exposure to Venezuela now... and we're in the...

  • While Monday's sanctions don't cover Venezuela's oil sector, the White House has made clear that the door is open to further steps. Few investors believe Venezuela, rocked by daily protests and facing a humanitarian catastrophe with shortages of food and medicines, can dodge default for much longer. "We do have some exposure to Venezuela now... and we're in the...

  • LONDON, July 31- In recent weeks short covering, rather than long building, has driven oil prices higher, which suggests fund managers are becoming less bearish about prices rather than more bullish. Hedge funds and other money managers continued to reduce their short positions in crude and refined fuels in the week to July 25, pushing prices higher.

  • Masayoshi Son, chairman and chief executive officer of SoftBank Group

    The Japanese conglomerate had considered taking a stake in Uber after taking stakes in several other ride-hailing companies.