BlackRock Wields ETF Weapon to Expand Share of $2.7 Trillion 401(k) Market BlackRock Inc. is seeking to grab a larger slice of the $2.7 trillion 401(k) retirement market by using its position as the world’s biggest manager of exchange- traded funds to win over small companies.
Bonderman Buys American Tire as Buyout Firms Trade Companies at Boom Pace TPG Capital Inc.’s $1.3 billion purchase of American Tire Distributors Holdings Inc. shows private-equity firms’ most willing buyers may be each other.
HSBC’s Mahendran Shifts Funds From Emerging Markets as Interest Rates Rise HSBC Private Bank is shifting funds to shares in developed nations and cutting holdings of bonds and stocks in emerging markets, predicting asset prices will drop as much as 10 percent as developing nations raise interest rates.
Blackstone Posts $360.4 Million Profit on Private-Equity Investments, LBOs Blackstone Group LP, the world’s biggest private-equity company, had a first-quarter profit of $360.4 million as the value of its buyout investments rose and deal-making accelerated.
Emerging Bond Funds Get $1.28 Billion, Extending Record Inflows, EPFR Says Bond funds extended record inflows in the third week of April, with emerging-markets getting $1.28 billion ahead of major sales from Egypt and Russia, EPFR Global said today in an e-mailed report.
Cohen’s SAC Takes 6.8% DynCorp Stake After Feinberg’s Cerberus Makes Offer Hedge fund manager Steven Cohen disclosed that his SAC Capital Advisors LP holds a 6.8 percent stake in DynCorp International Inc., the defense contractor that received a $1.5 billion takeover bid earlier this month.
Moore Capital’s Bacon Tops U.K.’s Hedge Fund Rich List, Sunday Times Says Moore Capital Management LLC founder Louis Moore Bacon topped the Sunday Times list of the 25 wealthiest U.K.-based hedge fund managers in an annual estimate of net worth known as the “Rich List.”
BlueBay Had $37 Billion of Fixed-Income Assets Under Management in March BlueBay Asset Management Plc, a London-based manager of fixed-income funds, said the money it oversees climbed 7.9 percent in the first quarter, boosted by inflows as markets rebounded.
Simon Adds $1.1 Billion to General Growth Proposal With Four New Backers Simon Property Group Inc. added four backers to its proposal to help rival mall owner General Growth Properties Inc. emerge from bankruptcy, increasing the plan’s total investment by $1.1 billion.