Funds articles

Buffett Warns of Liquidity Curse, Celebrates Property Bet

Buffett Warns of Liquidity Curse, Celebrates Property Bet

Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc., cited a farm he’s owned since 1986 to caution individuals against frequent buying and selling of stocks. Investors should treat their equity holdings like real estate purchases, focusing on the potential for profits over time rather than short-term price fluctuations, Buffett, 83, wrote in an excerpt

Retirement Q&A: ‘To’ or ‘through’?

Q: My target-date fund gained about 1% last year, even though the Standard and Poor’s 500-stock index rose nearly 30%. What happened? A: You now understand the difference between “to” and “through.” Target-date funds gear their investments toward your retirement date. As you get closer to retirement, the fund becomes more conservative, decreasing its investments

Cinven Said to Buy Medpace From CCMP for $900 Million

Cinven Ltd., a Europe-focused private-equity firm, is nearing an agreement to buy Medpace Inc., a provider of clinical developmental services for the pharmaceutical and biotechnology industries, from buyout owner CCMP Capital, according to two people familiar with the talks. Cinven may pay about $900 million for the Cincinnati-based company, said the people, who asked not

Dymon, Ex-SAC Manager Vine Plan $500 Million Global Hedge Fund

Dymon Asia Capital (Singapore) Pte is joining with Carl Vine, a former SAC Capital Advisors manager, to start a global equity long-short hedge fund with a bias toward the Asia-Pacific region. The Port Meadow fund will be run by an investment team headed by Vine based in Oxford, the U.K., and will seek $500 million,

Cinven Said to Buy Medpace From CCMP for $900 Million

Cinven Ltd., a Europe-focused private-equity firm, is nearing an agreement to buy Medpace Inc., a provider of clinical developmental services for the pharmaceutical and biotechnology industries, from buyout owner CCMP Capital, according to two people familiar with the talks. Cinven may pay about $900 million for the Cincinnati-based company, said the people, who asked not

Scania Owners Express Doubts Over VW’s $9.2 Billion Bid

Scania AB (SCVB) minority owners expressed doubts about backing Volkswagen AG (VOW)’s 6.7 billion-euro ($9.2 billion) bid for the rest of the truckmaker, with some suggesting the offer may be too low and others saying the Swedish company should retain its relative independence. “Scania’s prerequisites to maintain its leading position are better as a listed

Hedge Fund Natural Gas Wagers Jump on Tumbling Supplies: Energy

Hedge funds increased bullish bets on natural gas for the fifth time in six weeks as arctic weather stoked demand for the heating fuel, depleting stockpiles and sending prices to a five-year high. Money managers’ net-long positions, or wagers on rising prices, jumped 5 percent in the seven days ended Feb. 18, to the highest

Hedge Fund Rising

Scrolling through reports of recent venture financings, the names of the firms involved has changed quite a bit over the past few quarters. Of note, hedge funds have entered the later-stage, pre-IPO investment arena in a meaningful way. Firms like Coatue Capital (Snapchat, Box), Valiant Capital (Pinterest, Evernote) and Tiger Global (One Kings Lane, Nextdoor)

J. Crew Group Said to Seek $1.57 Billion Loan to Refinance Debt

J. Crew Group Inc., the retailer owned by TPG Capital and Leonard Green & Partners LP, is seeking a $1.57 billion loan to refinance debt, according to a person with knowledge of the transaction. The New York-based company proposed paying 3 percentage points more than the London interbank offered rate, said the person, who asked

Kravis Says KKR to Fund Distressed India Firms Amid Slowdown

KKR & Co. (KKR), the buyout firm founded by George R. Roberts and Henry R. Kravis, plans to invest in failing Indian companies and in local banks as stressed loans climb to a decade high in Asia’s third-largest economy. The private-equity firm, which has raised $2 billion for a global fund that will provide financing

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