Investors are closely analyzing comments from Fed Chairman Ben Bernanke trying to determine if the Fed is about to support a stronger dollar. Read More
Private equity funds are structured to purchase and own companies; hedge funds, CLOs and banks are not. Yet, as many of today’s distressed companies binged on leverage loans from 2003 through the summer of 2007 and now need to restructure their balance sheets, hedge funds, CLOs and banks — who bought these loans as they were originated and syndicated – are, in fact, finding themselves owning reorganized companies as they emerge from the restructuring process. Read More
Why KKR is so determined to go public is something of a mystery to me....today it unveiled its latest proposal to go public through an acquisition of its KKR Private Equity Investors (KPE), a limited partnership that trades on the Amsterdam exchange and invests its funds in KKR’s private equity transactions. Read More
Posted By:David Hinkel, Senior Consultant, Towers Perrin CNBC Guest Blog
Today’s private equity environment is the most unusual that I’ve seen in my 20 years of consulting. The approach to private equity investment is shifting as firms struggle to find a clear exit strategy for their investments. The days of investing and flipping are on hold - perhaps for good. Read More
New U.S. jobless claims fell for a third straight week last week; productivity rose 1.6 percent. What does this herald for the stock markets? Art Cashin, UBS Financial Services director of floor operations, offered his insights to CNBC. Read More