August 20, 2017

Gun Control News Makes Hedge Funds Unload

Houston Gun Show

The nation no longer has to worry about guns. Following mass shootings last year, gun control dominated the news. Some managers must have felt the heat because they divested of investments in gun companies. The New York Times, known for their unbiased political stances, basically ran the headline, “Gun Control News Makes Hedge Funds Unload.” […]

SeaWorld Puts Stephen Schwarzman Under Glass

The Lisbon Oceanarium

This week’s big IPO was an interesting one. After a dearth of offerings following Facebook’s, the private equite firm, Blackstone is taking SeaWorld public. The theme park’s parent, Busch Gardens, was acquired three years ago by Blackstone for $2.3 billion. Since then the firm has increased revenue at the parks while paying itself $610 million […]

Carlyle Buys Tracking Software Firm on the Heels of UBS Trading Scandal

The NYC-based Carlyle Group is buying a tracking software firm on the heels of a UBS trading scandal.

Carlyle buys tracking software firm on the heels of UBS trading scandal, reports Maija Palmer at The Financial Times. The software company, ITRS, provides trading firms with oversight of its trades and risk management. The Carlyle Group is a private equity firm with $153 billion under management. Aside from purchasing companies, the firm also has […]

Private Equity Delivers Slight Recovery

finance news

The Independent reports that private equity is showing signs of recovery after some very difficult years. Private equity investors recorded a much-needed jump in disposals last year, after several years of subdued activity, although the level of “exits” was barely half 2006′s peak, according to research. Buyout firms sold or floated 57 European companies in […]

Rock Star Is Starting a Private Equity Fund Focused on Africa

Bob Geldof has started a private equity fund focused on Africa

Martin de Sa’Pinto reported in Reuters that former Irish frontman for the Boomtown Rats, Bob Geldof, was starting his own fund. http://bit.ly/oeUhTk After organizing relief efforts from super-concerts, Live Aid and Live 8, the rock star is starting a private equity fund focused on Africa. He is seeking to raise upwards of $1 billion for […]