News

Polar Capital continued to rebuild its asset base as it builds up its investment team.

Kohlberg Kravis Roberts has launched its first China-focused private equity fund and hopes to raise $800 million for it.

Goldman Sachs just paid $550 million to make the Securities and Exchange Commission’s investigation of one of its collateralized debt obligations to go away. But that doesn’t mean the headaches stemming from the 2007 CDO, allegedly structured and marketed for hedge fund Paulson & Co., have gone away.

Fabrice Tourre, the Goldman Sachs vice president who handled the collateralized debt obligation that landed the firm in hot water with regulators, appears poised to fight the fraud charges against him.

LaCrosse Global Fund Services has agreed to acquire Bank of America Merrill Lynch's global alternative fund administration business.

Neuberger Berman, which spun off from Lehman Brothers last year, has tapped Michael Rees and Andrew Komaroff, two executives who worked in a Lehman unit that also invested in hedge fund managers before the investment bank collapsed two years ago, to head Dyal Capital Partners.

Armajaro Asset Management probably isn’t going into the chocolate business, but it could after buying up nearly all of the available stocks of cocoa beans.

SkyBridge Capital, which earlier this month acquired three hedge fund businesses from Citigroup, plans to list its hedge-fund seeding fund on the New York Stock Exchange.

The New York-based firm will first merge its 15 seed and early-stage hedge fund platforms, including those just acquired from Citi Alternative Investments, into a single vehicle. The consolidated fund would have managed about $870 million at the beginning of the month.

AlpInvest Partners is for sale, and the Blackstone Group is very interested.

Activist hedge fund Strategic Turnaround Equity Partners had its day in court. Now, it will have its day at the polls in the battle over the future of United American Healthcare Corp.