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Category Archives: Private Equity

Sovereign fund assets shrink to $3 trln

The Guardian – Value of assets held by the world’s sovereign wealth funds fell to $3 trillion this year from $3.6 trillion at end-2007 as the credit crisis nearly halved their equity portfolio, according to Deutsche Bank. The German bank’s […]

For New Jersey Governor, a New Fund-Raising Reality

New York Times Blogs – Of all the gloomy economic indicators since the Wall Street collapse, perhaps the most startling one seen by New Jersey residents is this: Gov. Jon S. Corzine with his hand out. Mr. Corzine, whose investments […]

Congress Gets Obama Hedge Fund Disclosure Bill

CNBC – The Obama administration has sent legislation to Congress that would bring hedge funds and other private pools of capital under government supervision. The proposal calls for the Securities and Exchange Commission to oversee hedge, private equity and venture […]

Hedge funds buy up German TV firm’s debt

Independent – Hedge funds Apollo and Octavian have been quietly building up a position in ProSieben, one of Europe’s biggest commercial broadcasters. The move could lead to a showdown with private equity owners Permira, the Damon Buffini-run giant, and Kohlberg […]

JPMorgan’s future in hedge funds

FierceFinance – Not too long ago we were lamenting the trend by top investment banks to move into hedge funds and alternative investments in general. Buying hedge fund firms and launching them internally didn’t work out so well for Citigroup. It […]

JPMorgan to break up unit’s hedge fund

Reuters – JPMorgan Chase & Co plans to shut down its Principal Investment Management Group’s hedge-fund business and private-equity division, with the exception of a team that focuses on Asia, Bloomberg said, citing two people familiar with the plan. Bob […]

Pimco’s Gross Says Harvard, Yale May Need to Alter Investments

Bloomberg – Yale University and Harvard University may have to cut investments in hedge funds and private equity because the risks of holding the hard-to-sell assets outweigh the returns, said Bill Gross, co-chief investment officer of Pacific Investment Management Co. […]

Six exit hedge fund firm NewSmith in cost cuts

Reuters UK  – NewSmith Capital Partners, one of the hedge fund firms to appear before a parliamentary committee investigating the UK banking crisis in January, has lost six staff as it cuts costs in a tough period for the industry. […]

FRM Unit Plans $300 Million Investments in Hedge Fund Managers

Bloomberg – FRM Capital Advisors Ltd., a unit of London-based asset manager Financial Risk Management Ltd., plans to make as much as $300 million of strategic investments in hedge funds this year, including its first in Asia. FRM Capital may […]

Blackstone, Fortress Seek Hedge-Fund Takeovers After Debt Slump

Bloomberg – Blackstone Group LP and Fortress Investment Group LLC are seeking to take over credit funds from managers unable to support their businesses after the value of investments fell. There are “a lot of companies that are on the […]

Socialists warn Barroso over hedge fund regulation  

EurActiv.com – A draft EU proposal to regulate hedge funds and private equity, due to be unveiled next week, was criticised for being too weak by Socialist leaders, who branded the text a "major political mistake" ahead of European elections in June. The main issue raised by the […]

Hedge Funds join the rally on Wednesday

Reuters India – New Vernon Bought stakes in Indage Vitners and Orbit Corp. Deutsche Sec bought 11% into UB Group. Private equity and hedge funds seem to be playing their parts in the brief rally that the Indian stock markets […]

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