Friday, 24 October 2014
Last updated 18 hours ago
Dec 18 2013 | 12:23pm ET
CVC Capital Partners has held the first close for its fourth Asian private-equity fund, garnering more than half the total it expects to raise for the vehicle.
The London-based firm began fundraising for the fund earlier this year and has won US$2 billion in commitments. CVC has set a US$3.3 billion fundraising target and expects to raise US$3.5 billion, according to The Wall Street Journal.
CVC raised $4.1 billion for its last Asia fund in 2008.
CVC's success with the fourth fund comes in spite of a high-profile failure in Australia last year, when it suffered a $1.4 billion loss on media company Nine Entertainment. CBC has since abandoned the Australian and Indian markets, and will focus on Southeast Asia and Greater China.
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…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...