Monday, 20 October 2014
Last updated 20 min ago
May 21 2009 | 9:26am ET
A quartet of private equity funds are seeking to buy a “critically undercapitalized” Florida bank.
The Blackstone Group, Carlyle Group, Centerbridge Capital Partners and WL Ross & Co. submitted a bid for BankUnited Financial Corp., which regulators ordered to seek a buyer or merger partner in January, Reuters reports. Bids for the bank were due to the Federal Deposit Insurance Corp. on Tuesday morning.
BankUnited had assets of $13.1 billion and deposits of $8.7 billion as of March 31.
The auction for the bank is not public, so it is unclear if there are other bidders. Fellow p.e. shop J.C. Flowers & Co., which led a consortium to buy the assets of IndyMac earlier this year, Goldman Sachs and Toronto-Dominion Bank have also reported mulled bidding on BankUnited.
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…
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 ...