Friday, 19 September 2014
Last updated 26 min ago
Jul 14 2014 | 5:11am ET
Another major private-equity firm has settled collusion allegations.
Silver Lake Partners will pay $29.5 million to end a lawsuit accusing it and other p.e. powerhouses of agreeing not to bid on companies pursued by competitors in an effort to keep buyout prices down. The deal follows settlements by Bain Capital Partners and Goldman Sachs last month.
Four firms—Blackstone Group, Carlyle Group, Kohlberg Kravis Roberts and TPG Capital—remain defendants in the class-action lawsuit brought on behalf of the shareholders of eight companies bought by the firms. The trial is set to begin on Nov. 3, unless the other firms also reach settlements.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.