Hedge fund manager John Meriwether, whose Long Term Capital Management fund roiled global markets when it collapsed, is shutting down his current hedge fund, a person familiar with his plans said.
Private equity investment in troubled banks will be deterred and curbed by stringent guidelines proposed by U.S. bank regulators, executives and an industry body said on Thursday.
The Federal Deposit Insurance Corporation plans to issue new rules that could make it slightly easier for private equity firms to buy failed banks, according to people familiar with the agency’s deliberations.
GMAC said on Wednesday that it has converted to a corporation from a limited liability company, a move that could allow the auto and mortgage lender to sell shares to the public.
The Commodity Futures Trading Commission is looking closely for signs of excessive speculation in commodity markets, with specific attention on oil prices, which have surged in recent months, an agency commissioner said Tuesday.
Commodity index traders had snapped up more than 200,000 wheat contracts by mid-2008 that helped fuel last year's record jump in prices, which ended up raising costs for both industry and consumers, according to a year-long bipartisan Senate probe.
Tuesday, 23 Jun 2009 | Source: The Associated Press
Office Depot says that private equity firm BC Partners has made a $350 million investment through a preferred stock purchase, giving it a stake in the office supplies chain of approximately 20 percent.
The Dow eked out a gain Friday, bumping it into positive territory for the year, as Bank of America shares rallied. But techs, energy and commodities retreated as crude oil dropped to around $72 a barrel.
Futures pointed to a negative open for Wall Street Friday as crude oil dropped below $71 a barrel and banks dragged after Bank of America lowered its outlook for the sector.
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