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Pershing Square, Pharma Join To Buy Botox Maker

Apr 22 2014 | 2:03pm ET

For its latest activist effort, Pershing Square Capital Management has already enlisted a buyer.

The New York-based hedge fund and Valeant Pharmaceuticals have joined forces in a hostile bid for Allergan Inc., the pharmaceutical company that makes Botox.

 

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Hedge Fund Assets Hit $2.7 Trillion

Apr 22 2014 | 2:00pm ET

Hedge funds took in more new money during the third quarter than in any such period in three years, pushing the industry’s total assets to a new record.

Babson Beefs Up Emerging Markets Debt Team

Apr 22 2014 | 12:36pm ET

Charlotte, N.C.-based Babson Capital, with over $198 billion in assets under management, has made 12 new hires for its emerging markets debt team.

Palo Alto Investors Raises $133M For Offshore Fund

Apr 22 2014 | 12:22pm ET

California-based Palo Alto Investors has raised $133 million for a new offshore hedge fund.

Carlyle ESG Treasury Fund Down 22%

Apr 22 2014 | 12:21pm ET

A Carlyle Group fixed-income hedge fund has posted double-digit losses this year.

Union Group Opposes KKR Financial Plan

Apr 22 2014 | 12:20pm ET

Kohlberg Kravis Roberts’ plan to merge with its publicly-listed specialty finance company should be rejected, a union pension advisory has recommended.

Police: Hedge Fund Manager Tried To Break Into Client’s Home

Apr 22 2014 | 12:19pm ET

An Indiana hedge fund manager stands accused of attempting to break into the home of a client suing him.

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In Depth

Q&A: Tsai Capital Founder Sees Long-Term Opportunities In Emerging Markets

Apr 10 2014 | 9:48am ET

Christopher Tsai, whose $28 million long/short hedge fund is up 29% since inception in 2011, spoke to FINalternatives senior reporter Mary Campbell recently about his fund, his outlook on emerging markets and the influence his family has had on his investment approach.

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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…