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Ardian Raises US$10 Billion, Most For P.E. Secondaries

Apr 24 2014 | 2:30pm ET

Private-equity firm Ardian said yesterday it had raised US$10 billion from investors, including US$9 billion for the industry’s largest ever fund of funds.

The sixth-generation fund will invest in the p.e. secondaries market, buying up stakes in funds from existing investors. It will use the remaining US$1 billion to make primary commitments.

 

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P.E. Secondaries Set For Biggest-Ever Year

Apr 24 2014 | 2:25pm ET

The secondary private-equity market is set to hit an all-time high this year.

Icahn Pleased By Apple Buyback Plan

Apr 24 2014 | 2:24pm ET

Apple Inc. yesterday announced a $30 billion increase to its stock buyback program, and won Carl Icahn’s applause—even if it is only one-fifth the size he’d like.

Discovery Capital Down Double Digits

Apr 24 2014 | 1:56pm ET

Discovery Capital Management’s March difficulties didn’t end with that month.

KKR Profit Falls As Fee Income Jumps

Apr 24 2014 | 1:55pm ET

Lower returns cut into Kohlberg Kravis Roberts’ first-quarter earnings, even as its fee income soared.

Chiasson, Newman Source Settles With SEC

Apr 24 2014 | 1:54pm ET

A source of insider information to an alleged “corrupt circle” of hedge-fund traders has reached a deal with the Securities and Exchange Commission.

Allergan Trading Spiked Before Ackman-Valeant Announcement

Apr 24 2014 | 1:52pm ET

Pershing Square Capital Management founder William Ackman is basking in praise from an unusual corner as regulators look into the surge in trading around the pharmaceutical company he recently bought a nearly 10% stake in.

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In Depth

Q&A: Sizing Up Structured Credit After The Financial Crisis

Apr 24 2014 | 4:40pm ET

Varadero Capital is a hedge fund to watch. The winner of this year's S&P Capital IQ/New Legacy Annual Global Emerging Manager Awards nod for credit shops, the firm focuses on structured credit, and has garnered $650 million in assets since its debut five years ago.

The New York-based firm is led by Fernando Guerrero and composed of his core team from NIBC Credit Management, where he led the North American business. The Varadero team has been together since 2007, and Guerrero recently spoke with FINalternatives Senior Reporter Mary Campbell about his and their outlook on the structured credit space and Wall Street's short memory.

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Publisher's Note

    Hedge Funds Care Gala Raises $2 Million For Charity

    Mar 10 2014 | 11:33am ET

    A huge thank you to all of the people who helped make last Thursday’s HFC NY Open Your Heart to the Children Benefit such a success. The charity gala raised nearly $2 million to prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…