Private equity group 3i said it is making progress with cost-cutting measures as it moves to a new reporting timetable it hopes will make it more transparent and win back shareholders dissatisfied at years of poor performance.
Firm Management
Hugo Boss helps SVG asset values rise
Private equity investor SVG Capital said on Friday the value of its assets had risen, driven by resilient sales and growing earnings across much of its portfolio.
Carlyle posts second-quarter loss as assets suffer
Carlyle Group LP swung to a second-quarter loss as the value of its fund assets dropped. Carlyle Group LP (CG. O), the private equity firm that raised $671 million in an initial public offering in May, swung to a second-quarter loss as the value of its fund assets dropped, more than offsetting an increase in cash from fees.
3i takes debt management business to the U.S
3i Group on Thursday announced a joint venture with U.S. fund manager WCAS Fraser Sullivan Investment Management to build a global debt management business.
Cobalt International loss widens as expenses rise
Oil explorer Cobalt International Energy Inc's second-quarter loss rose more than seven times on higher expenses.
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China Investment Corp CIC.UL is pumping billions of dollars into private equity firms in a move meant to boost returns at the sovereign wealth fund.
Private equity fund Carlyle has no plans for now to try and sell its stake in Taiwan's Ta Chong Bank again as the timing is not good in a tough global market.
Bain Capital LLC has completed fundraising for its second Asia fund, closing at $2.3 billion. Bain Capital LLC, the private equity firm co-founded by Republican presidential hopeful Mitt Romney, has completed fundraising for its second Asia fund, closing at $2.
Singapore state investor Temasek Holdings TEM.UL is looking to acquire assets in Europe and plough more money into energy and commodities after doubling its exposure to the sector.
Private equity firm 3i is axing more than a third of its staff and closing offices from Barcelona to Shanghai.
Abu Dhabi Investment Authority (ADIA) expects emerging market stocks to outperform in the long-term and said it took a "selective" approach in deploying money at its fixed income unit in 2011.
BlackBerry maker Research in Motion is considering splitting its business in two. BlackBerry maker Research in Motion is considering splitting its business in two, separating its struggling handset manufacturing division from its messaging network, The Sunday Times reported.
European private equity fund Permira is moving its first global technology, media and telecoms (TMT) partner to Asia as it eyes higher investments in the region.
Alberto Perez started out as a street performer and then an aerobics teacher in Colombia, making extra cash on the side teaching the wives of businessmen how to dance in nightclubs in his hometown, Cali.
