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Signature Aviation Plc rallied above where it accepted an offer from buyout firm Global Infrastructure Partners in January. Investors anticipated Blackstone Group Inc. and Carlyle Group Inc. would create a three-way battle for the private-jet refueling business.(Unsplash)

Greedy Hedge funds push private equity firms around

Bloomberg |
PUBLISHED ON MAR 17, 2021 04:36 PM IST
The M&A market is frothy and private equity firms are keen to put their vast funds to work. Many takeover targets are attracting several suitors. Hence, share prices have often traded above the level of the last offer, anticipating something higher will come along.
The virtual hearing, entitled “Game Stopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide," will take place on Thursday.(REUTERS)
The virtual hearing, entitled “Game Stopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide," will take place on Thursday.(REUTERS)

YouTube streamer Roaring Kitty to testify on GameStop before US House panel

Reuters |
PUBLISHED ON FEB 14, 2021 10:50 PM IST
The GameStop surge resulted in massive losses for Melvin Capital after the hedge fund bet the retailer’s stock price would tumble.
Janet Yellen, who was sworn in as Joe Biden’s Treasury Secretary Jan. 26, said in a staff memo that “fighting illicit finance” would remain part of department’s “usual business” REUTERS/Kevin Lamarque/File Photo(REUTERS)
Janet Yellen, who was sworn in as Joe Biden’s Treasury Secretary Jan. 26, said in a staff memo that “fighting illicit finance” would remain part of department’s “usual business” REUTERS/Kevin Lamarque/File Photo(REUTERS)

Hedge funds risk Biden-Era closing of money-laundering loophole

Bloomberg |
UPDATED ON FEB 05, 2021 06:56 PM IST
  • It’s still early days for Joe Biden’s team at the department, which hasn’t spelled out any new money-laundering measures or indicated whether it would revive the 86-page Obama-era proposal for SEC-registered investment advisers who oversee private equity and hedge funds.
The protests have already impacted other parts of the city’s financial system.(Bloomberg image)
The protests have already impacted other parts of the city’s financial system.(Bloomberg image)

$1 billion pulled from Hong Kong hedge funds, most since 2009

Bloomberg | By Ishika Mookerjee
UPDATED ON OCT 18, 2019 10:51 AM IST
The withdrawals from Hong Kong were modest relative to total hedge fund assets in the city, which climbed $6.9 billion this year to $92 billion as of August thanks largely to positive market returns, according to Eurekahedge.
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