Tuesday, 30 September 2014
Last updated 54 min ago
May 11 2010 | 1:31pm ET
Private equity giant KKR & Co. plans to sell up to $500 million in new shares when it moves its listing to the New York Stock Exchange last this year.
The New York-based firm said it will use the money raised on acquisitions and to cover unfunded capital commitments to its funds, which stand at about $1.27 billion, it said in a regulatory filing yesterday. None of the firm’s principals will take part in the share sale, KKR said in the registration statement.
The $52.2 billion firm went public last year by merging with its Amsterdam-listed p.e. fund. KKR announced in March that it would move forward with plans to re-list itself in New York this year.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...