Yearly Archives: 2007
Buyout firm KKR files for $1.25 billion IPO
Reuters- KKR & Co., the prominent U.S. buyout firm that pioneered the leveraged buyout industry, filed with regulators on Tuesday to raise up to $1.25 billion (620 million pounds) in an initialpublic offering. The planned IPO follows last month’s high-profile […]
UAE investment firm offers funds just for women
Reuters Life- United Arab Emirates investment firm Forsa is hoping to tap the largely overlooked market of wealthy Gulf Arab women with the launch of funds worth 250 million dirhams (34 millionpounds) open to female investors only. Women in the […]
Renaissance to launch new fund
MSN MoneyCentral- Renaissance Technologies, one of the world’s biggest and best performing hedge fund groups, plans to launch a managed futures fund with a capacity of $25bn, an unusual foray into aninvestment strategy that has been underperforming. Renaissance was founded […]
United Capital hedge funds not liquidating despite losses
Reuters- United Capital Asset Management said on Tuesday it will continue operating its Horizon Strategy group hedge funds that invested in subprime-mortgage bonds after temporarily halting paymentsto investors. The company said it received an unusually high number of redemption requests […]
Blackstone to buy Hilton for $20 billion
Reuters- U.S. private equity firm Blackstone Group agreed on Tuesday to buy Hilton Hotels Corp. for about $20 billion plus debt, the richest in a series of recent private equity offers for hotel companies. Under terms of deal, Blackstone will […]
Hedge funds face up to high flows, lower returns
Reuters- Hedge funds and other absolute return-style portfolios are gathering ever more assets, in spite of sub-market returns, presenting a challenge as to how to invest them and a dilemma for new investors eyeing these funds. The outlook for alternative […]
Hedge funds happy with change on TD Ameritrade committee
Globe and Mail- The two hedge funds exerting pressure on TD Ameritrade Holding Corp. seem pleased with the company’s decision this week to change who is involved in preliminary merger discussions,squeezing out TD Bank, but the move may not appease […]
United Capital hedge funds halt payments
CNN Money- United Capital Asset Management has temporarily suspended payments from four of its Horizon funds following losses from its investment in subprime mortgage bonds. Redemptions for the Horizon Fund L.P., Horizon ABS Fund L.P., Horizon ABS Fund Ltd. and […]
Hedge Funds Mystify Markets, Regulators
Washington Post – Wall Street chroniclers one day could look back at the early 21st century and easily dub it the Era of the Hedge Fund. The question is whether it will be remembered as an age ofreason or irrational […]
Survey Finds Regulations More Daunting Than Hedge Funds In US Market
West Palm Beach (HedgeCo.Net)- According to a survey of leading IPO attorneys by Gavin Anderson & Company, respondents generally dismissed the idea that shareholder activism by hedge funds and other institutional investors made U.S. markets less attractive for issuers. Gavin […]
Hedge fund Och-Ziff Capital files for IPO
Reuters- Och-Ziff Capital Management Group LLC, a multi-strategy investment fund with about $26.8 billion under management, filed for an initial public offering on Monday, making it the latest alternative investment firm to seek a public listing. New York-based Och-Ziff said […]
United Capital’s Devaney Halts Hedge Fund Withdrawals
Bloomberg- John Devaney, who invests in subprime- mortgage bonds, restricted redemptions to protect some of his Horizon Strategy hedge funds from being forced to sell assets. It’s “a defensive move because we had an unusually high number of redemption requests,” […]