Blackstone, KKR Beat Analyst Estimates as Mark-Ups, Sales Lift Fee Income Blackstone Group LP and KKR & Co., the world’s biggest publicly traded private-equity firms, reported earnings that beat estimates as they marked up the value of investments and distributed profits to investors.
Hedge-Fund Managers `Keen for Clarity’ on Upcoming Singapore Regulation Hedge-fund managers are “keen for clarity” on what Singapore’s regulator will do to increase oversight of the industry, said Han Ming Ho, who heads the funds practice group in the city state at Clifford Chance.
Hedge Funds Win More Cash as Pensions Raise Bets to Fix Benefit Shortfall Florida’s pension system, the fourth-largest state retirement plan, will decide next week how big to make its first hedge-fund investments as it tries to close a 7 percent benefit-payments deficit.
JPMorgan Said to Be in Talks to Purchase Stake in Fraga’s Fund Firm Gavea JPMorgan Chase & Co. has spoken to Arminio Fraga about buying a minority stake in the former Brazilian central banker’s fund company Gavea Investimentos Ltda., according to a person with knowledge of the talks.
Star Fund Manager Goes From Gold to Manure as He Remakes His Life in U.K. Graham Birch was the best natural- resource stock picker in Britain for a decade. Now most of the stock he owns has four legs and a tail. His knee-high boots are caked thick with mud as he climbs onto his tractor to stack hay in a barn on one of his two dairy and sheep farms, which at 3,658 acres are more than five times the size of the City, London’s financial district where Birch worked for a quarter-century. The first time he showed up at the farm in Dorset in southwest England with
Madoff Operations Chief Bonventre Becomes Sixth Charged in Ponzi Scheme Bernard M. Madoff’s former operations chief was charged today with helping his boss run a Ponzi scheme that bilked investors and illegally infused $750 million into parts of the business that Madoff insisted was legitimate.