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JPMorgan To Sell Private-Equity Investments On Secondary Market

Jul 23 2014 | 1:07pm ET

JPMorgan Chase is in advanced talks to sell half of its interest in funds run by its private-equity arm in advance of a spin-off of that unit.

Lexington Partners and AlpInvest Partners are the probably buyers. The two would split about half of JPMorgan’s $4.5 billion investment in One Equity Partners’ funds.

 

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Argentina A Week From Default After Judge Rejects Delay Request

Jul 23 2014 | 1:04pm ET

A federal judge yesterday gave Argentina a week to work out a deal with hedge-fund holdouts from its 2001 default—or face defaulting again.

RenTech Execs. Say Basket Option More Than Just Tax Dodge

Jul 23 2014 | 1:03pm ET

The basket options Renaissance Technologies used to save billions in taxes aren’t just a dodge but an “extremely important” part of its trading strategy, the hedge fund’s co-chief insisted yesterday.

Ackman Says Herbalife Buying Shares To ‘Blunt’ Presentation’s Impact

Jul 23 2014 | 11:03am ET

“The company is pulling out all the stops today,” William Ackman said yesterday. “When there is really bad news like this, they will use all of the remaining fire power to buy back the stock to blunt the accusations.”

Citi Fully Redeems From Napier Park

Jul 23 2014 | 11:01am ET

Citigroup has redeemed the last of its money invested in its former hedge fund unit.

D.E. Shaw Invests In Struggling Portuguese Bank

Jul 23 2014 | 11:00am ET

Portugal’s troubled Banco Espirito Santo has gotten a lifeline from a major hedge fund.

Hedge Fund-Backed Bank Bought

Jul 23 2014 | 10:59am ET

Two banks rescued by hedge and private-equity funds during the financial crisis are set to merge in a deal that will see those saviors earn more than $3 billion.

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In Depth

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia and beyond have given hedge-fund manager David Yarrow a clear shot at artistic and financial success, says William Cash.

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David Yarrow (left)David Yarrow (left)
 
 
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