Tag Archives: private equity firms
Morris Emerges as Key Figure in Probe of New York Pension Fund
Bloomberg – Former Democratic political adviser Hank Morris and New York State Deputy Comptroller David Loglisci may hold the keys as authorities examine whether private equity firms and hedge funds knowingly paid kickbacks to manage state pension money. The pair, […]
We’re Not A Hedge Fund
Wall Street Journal – As regulators gear up to monitor private pools of capital more, private equity firms have a message they really, really want to get across: we’re not hedge funds. PE firms hope that they can educate regulators […]
NY AG and SEC probe pension fund investments
MSN MoneyCentral – A corruption scandal at the state’s retirement fund is the latest in a long string involving politically connected intermediaries called placement agents sometimes hired by investment firms hoping to land rich investment deals with pension officials, experts […]
New York, SEC investigates Carlyle Group
SmartBrief – Carlyle Group is being investigated by New York prosecutors and the Securities and Exchange Commission for allegations that it made improper payments to get investments from the state’s pension fund. The payments allegedly were made to intermediaries and […]
Cuomo Sues Hedge Fund Chief for Bets Placed with Madoff
New York (HedgeCo.Net) – J. Ezra Merkin, head of Gabriel Capital Corp., has been sued by New York Attorney General Andrew Cuomo, after it was discovered he had placed investor’s money into funds managed by Bernard Madoff without their knowledge […]
AIG’s asset management division gets bidders: report
Washington Post – About half a dozen investment managers have put forward bids, ranging between $400 million to $800 million, for troubled insurer American International Group’s asset management business, the Wall Street Journal reported, citing people familiar with the matter. […]
Long and short funds merge to ride crisis
Financial Standard – The financial crisis could bridge the gap between diametrically opposed asset managers with more hedge funds merging with long-only funds to slash operational costs, predicts consultancy firm Accenture. Mark Halverson, global executive partner, wealth & asset management, […]
Geithner Wants Federal Supervision of Hedge Funds, Private Equity Firms
New York (HedgeCo.Net) – If Treasury Secretary Timothy Geithner gets his way, hedge funds and private equity firms will be placed under the supervision of the federal government. “Over the past 18 months, we have faced the most severe […]
Hedge Funds, Buyout Firms Say Regulation Unstoppable
Bloombergb – Hedge funds and private-equity firms, after opposing increased federal oversight for years, said they can’t escape the Obama administration’s plan to include them in an overhaul of U.S. financial regulation. “We’re not going to be able to stand […]
Treasury chief seeking power over hedge funds
Houston Chronicle – Treasury Secretary Timothy Geithner will ask Congress to bring large hedge funds, private-equity firms and derivatives markets under federal supervision for the first time as part of a revamp of U.S. financial rules. The Treasury chief will […]
Asian finance firms are more optimistic on acquisitions
The China Post – Asia-Pacific banks, brokerages, insurers and private equity firms are more optimistic about mergers and acquisitions as they seek to expand following a decline in asset prices, according to PricewaterhouseCoopers LLP. About 42 percent of financial institutions […]
