Friday, 27 November 2015
Last updated 1 day ago
Jan 25 2008 | 12:15pm ET
In a possible sign of things to come, the New Jersey Division of Investment said that it may team up with private equity firms, sovereign wealth funds and other institutional investors on new deals.
William Clark, who heads the $81 billion division, said discussions have been going on for about six months, the Wall Street Journal reports. Among the potential deals are investments in p.e. firms, and further bailouts of banks battered by the credit crisis. The Garden State bought $700 million in preferred stock from Citigroup and Merrill Lynch in the wake of the subprime fiasco.
“We think there are advantages for large institutional investors banding together to drive more favorable terms,” Clark said. “You saw what those advantages are in the Merrill and Citi deals.”
The discussions have also focused on investing in p.e. firms, which have found borrowing much more difficult in the current credit environment.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…