Cerberus Capital Acquires Defense Contractor DynCorp in $1 Billion Deal Cerberus Capital Management LP, the private-equity firm whose takeover of Chrysler Corp. ended in bankruptcy, agreed to buy defense contractor DynCorp International Inc. for about $1 billion.
Pimco Sees a `Near-Term Risk of Deflation’ Once Central Banks Drain Cash Developed economies face the risk of deflation as central banks end programs to revive their financial systems, according to Pacific Investment Management Co., manager of the world’s biggest bond fund.
Carlyle Raises $2.55 Billion for Third Private-Equity Fund Aimed at Asia Carlyle Group, the world’s second- largest private-equity firm, raised $2.55 billion for its third fund aimed at deals in Asia.
GMAC Plans to Sell European Mortgage Business to Fortress Investment Funds GMAC Inc.’s Residential Capital unit is quitting the European mortgage business and selling assets to funds affiliated with Fortress Investment Group LLC as the government-owned lender refocuses on auto lending.
BlackRock Lured by 4% Notes Shunned at Pimco as Steep Yield Curve Persists The highest 10-year Treasury note yields since 2008 are proving too good to pass up for BlackRock Inc. even as Pacific Investment Management Co. says the best is over for bonds.
Berkshire Returns May Fall on Insurance Units’ Slump, Barclays’s Gelb Says Warren Buffett’s Berkshire Hathaway Inc. may post declining returns on equity through next year on reduced insurance earnings, said Jay Gelb, an analyst at Barclays Plc.
Berkowitz’s Fairholme Is Second-Biggest AIG Investor to U.S. Government Bruce Berkowitz’s Fairholme Capital Management bought about 15 million shares of American International Group Inc. as the investor bet on a rebound of the bailed-out insurer.
BlueGold Returns 12.5% in March, More Than Four Times Average Hedge Fund BlueGold Capital Management LLP, the energy hedge fund manager overseeing $1.7 billion in assets, returned 12.5 percent to investors in March, more than four times the gain of the average hedge fund.
CQS Global Hedge Fund Doubles Asian Allocation to Bet on Convertible Bonds CQS U.K. LLP, a London-based manager of $6.7 billion in assets, has doubled the Asian allocation of its oldest global hedge fund since 2008 as it bets on a recovery in the region’s convertible bond market.
Advent International Raises $1.65 Billion Latin American Investment Fund Advent International Corp., a private-equity company, has raised $1.65 billion for the largest fund dedicated to acquisitions in Latin America, according to an e-mailed statement today.
Goldman Courts Endowment Heads in Bid for School Fund Outsourcing Business Goldman Sachs Group Inc., the most profitable securities firm in Wall Street history, is courting endowment heads to join its asset-management group, according to three people with knowledge of the search.