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.
Apr 24 2014 | 2:25pm ET
The secondary private-equity market is set to hit an all-time high this year.
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.
Apr 24 2014 | 1:56pm ET
Discovery Capital Management’s March difficulties didn’t end with that month.
Apr 24 2014 | 1:55pm ET
Lower returns cut into Kohlberg Kravis Roberts’ first-quarter earnings, even as its fee income soared.
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.
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.More News
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.
Apr 21 2014 | 1:24pm ET
Are independent fund directors really necessary? While some may say that they simply rubber stamp everything that comes across their desks and are therefore an unnecessary expense, Alric Lindsay disagrees. Lindsay, who has served as an independent director on the boards of offshore investment funds for many years, argues that without the checks and balances brought to the table by independent directors, the risks of fraud and of being lured into a Ponzi scheme are staggering.
Apr 21 2014 | 10:41am ET
The daughter of former President Bill Clinton and her hedge-fund manager husband are expecting their first child.
Mar 17 2014 | 9:30am ET
“Transparency” has become a touchstone for investors in the post-Madoff world but, according to Carl Lingenfelter, chief administration officer at Northern Trust Hedge Fund Services, it's a concept that has evolved over the past five years from fraud protection to risk management to investment performance. Read more…
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…