Monthly Archives: November 2019
HarbourVest raises $3bn for Co-Investment Fund V
(Opalesque) Boston-based HarbourVest Partners closed its latest private equity fund above the fundraising target – the $3 billion HarbourVest Partners Co-Investment Fund V was oversubscribed and above its $2.5 billion target. To read this article:
Carl Icahn urges U.S. SEC to ‘rethink’ proposed rule change for proxy advisers
(Reuters)Billionaire activist investor Carl Icahn on Monday urged the U.S. Securities Exchange Commission (SEC) to rethink a proposed rule change for proxy adviser firms, saying it would make activist investing “even more difficult and expensive to practice.” To read this […]
Trump says he told Fed’s Powell U.S. interest rates are too high
(Reuters) – U.S. President Donald Trump said he complained to Federal Reserve Chair Jerome Powell about high U.S. interest rates in a meeting they held at the White House on Monday morning.“At my meeting with Jay Powell this morning, I […]
Asian shares mixed as doubts grow on elusive U.S.-China trade deal
(Reuters) – Asian share markets were mixed on Tuesday, as another day awaiting clearer news on the progress of U.S.-China trade negotiations left investors bereft of trading motivation. To read this article:
Hedge fund activism can have positive longer-term effects on companies, says new research
(Hedgeweek) Activist hedge fund investors can deliver positive results for companies, according to new research from Columbia Business School’s Professor Wei Jiang, Arthur F Burns Professor of Free and Competitive Enterprise. To read this article:
SEC Chairman says Dodd-Frank Act whistleblower program is ‘invaluable component’ in tacking securities fraud
(HedgeWeek) The Chairman of the US Securities and Exchange Commission (SEC), Jay Clayton, has backed the Dodd-Frank Act’s whistleblower reward law, saying that the whistleblower program is an “invaluable component” to the Commission’s “enforcement efforts.” To read this article:
NewQuest raises USD1bn for fourth flagship fund
(Hedgeweek) Asian private equity firm NewQuest Partners has held the final close of its fourth dedicated secondary fund, NewQuest Asia Fund IV with over USD1 billion in total commitments, surpassing its initial target of USD850 million. To read this article:
Former Football Player Found Guilty of $10 Million Fraud in Second Criminal Trial
(HedgeCo.Net) A federal jury in Richmond, Virginia has returned a guilty verdict against Merrill Robertson, Jr., a former football player charged with defrauding investors, including coaches he knew from his time playing football for the Fork Union Military Academy and […]
SEC Awards Over $260,000 to Whistleblowers for Their Help in Spotting Securities Fraud
(HedgeCo.Net) The Securities and Exchange Commission has announced an award to three individuals who jointly submitted a tip alerting the agency to a well-concealed fraud targeting retail investors. The information led to a successful enforcement action. The whistleblowers, who were […]
Alpine Investors raises the largest fund yet at $1bn
(Opalesque)San Francisco-based technology-focused midmarket firm Alpine Investors has raised $1 billion for its newest fund, the largest amassed by the firm to date.The final tally for Alpine Investors VII LP was nearly double the $532 million the San Francisco-based firm […]
Activist Jana Discloses Stake In Takeover Target Instructure
(Bloomberg) Jana Partners has added its name to the list of activist investors that have taken a stake in takeover target Instructure Inc. The New York hedge fund said in regulatory filing it had a 1% stake in the educational […]
Kyle Bass Decries Military Retirees Funding China ‘Nightmare’
(Bloomberg) Hedge fund manager Kyle Bass is condemning a decision by a board overseeing U.S. government employees’ savings to allow investment in Chinese companies. “Foreign entities should be forced to follow basic U.S. securities laws,” Bass, founder of Hayman Capital […]
