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Hedge Funds

News

FDIC's Failed-Bank Bid Plan Blasted

A Federal Deposit Insurance Corp. plan to place new restrictions on private equity firms seeking to buy failed banks is facing strong opposition from fellow bank regulators and could temporarily freeze all private equity activity in bank acquisitions.

Assured Cements Hold On Monoline Industry

Assured Guaranty Ltd. completed its $822.1 million purchase of Financial Security Assurance Holdings Ltd. yesterday, creating a dominant bond insurer in a decimated industry.

Hedge Funds Turn In Mixed June: Credit Suisse

Preliminary data released by Credit Suisse suggests hedge fund performance was mixed in June, following stellar returns in May.

PE Funds Raised $76B In 2Q

Private equity fundraising improved somewhat over the second quarter as 82 buyout funds drew $76.2 billion in new commitments, according to Preqin.

Candover Ends Sale Talks

U.K.-based investment firm Candover Investments plc has ended its discussions with its would-be bidders, saying its recent actions have bolstered “the financial position of the company.”

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Articles

Changing Of The Hedgies Guard

It's no longer just the brand-name hedge funds that win out. Indeed, it's the emerging hedge fund manager talent that shows promise of greater returns, while hedge funds with fewer assets under management offer something else fund of fund managers long for -- the ability to adapt quickly.

Carlyle Adviser Joins Morgan

James Hance Jr., the former chief financial officer at Bank of America and currently a Carlyle Group senior adviser, will join Morgan Stanley's board of directors next month. Hance, whoretired as B of A's financial chief in 2005, will join Morgan Stanley in July, the company said.

Lights, Camera ... Inaction!

With estimated attendance off as much as 30%, there was plenty for filmmakers to grouse about at the Cannes Film Festival this spring. Amid the celebrities and paparazzi, entertainment executives decried the lack of funding that will make otherwise viable pictures likely cinematic flops.

Play By The Rules, Whatever They Are

While much of the nation's capital remains fixated on health care, another potentially sweeping change awaits. Hedge fund managers, who shouldered plenty of blame for the destabilization of the financial markets, have largely averted regulation until now, but those days appear to be numbered.

Ex-Sallie Chief Lands At RSM

Charles Elliot 'C.E.' Andrews, who served as president of Sallie Mae until September 2008, was appointed president of H&R Block's RSM McGladrey, effective June 29. Andrews, who also served as chief executive and chief financial officer of Sallie Mae, joined that firm in 2003.

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