The following bids, mergers, acquisitions and disposals were reported on Wednesday. The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Wednesday: Biogen Idec is to take full ownership of blockbuster multiple sclerosis drug Tysabri after agreeing to pay Irish partner Elan $3.
Fund of funds
Veteran Managers to Head New Hedge Fund
Wolfberg and Landry to join forces in new hedge fund firm. Adam Wolfberg, a veteran of SAC Capital Advisors, Diamondback Capital Management and the Galleon Group is teaming up with Steven Landry of East Bay Asset Management would launch a new hedge fund.
Former Soros Fund Manager to Raise Own Funds
Former Soros CIO Anderson now raising funds for own financial firm. Learning from the best now he is striking it out on his own. Keith Anderson, former Chief Investment Officer at Soros Fund Management is now raising funds for his own hedge fund named Anderson Global Macro according to recent report from Reuters.
Former Soros Fund CIO Seeks Up to $1 Billion for His New York-Based Hedge Fund
Keith Anderson, former chief investment officer at Soros Fund Management is looking forward to raise up to $1 billion for his Anderson Global Marco fund.
Rally Rattles Hedge Fund Managers
Credit rally makes hedge fund managers nervous for 2013. Hedge fund managers are scampering for safety as a huge credit rally evaporates investor confidence in the market.
Latest News
Asset manager Legg Mason agreed to spend about $80 million plus future incentive payments to buy London hedge fund firm Fauchier Partners
Emerging market private equity funds in 2012 had their best year for raising capital since 2008 Emerging market private equity funds in 2012 had their best year for raising capital since 2008, pulling in $40.
Private equity funds completed $1.16 billion worth of deals in sub-Saharan Africa in 2012 Private equity funds completed $1. 16 billion worth of deals in sub-Saharan Africa in 2012, a near 10 percent increase from the previous year, a survey showed on Tuesday.
Some nonbank financial companies have begun to rely more heavily on long-dated, unsecured retail notes as a critical source of funding, and issuance volumes are likely to rise again in 2013
Community Partners Bancorp announces 5 pct share repurchase program for 2013 Community Partners Bancorp, the parent company of Two River Community Bank, today announced that the Board of Directors approved and authorized a share repurchase program.
The U.S. private equity investor FLAG Capital Management announced today that it will acquire Hong Kong-based Squadron Capital, which manages $1.5 million in assets, PRNewswire reported. Its acquisition of the private equity firm will give FLAG a presence in Asia, increasing its total assets under management to $6 billion.
Private equity firm Asia Alternatives said on Wednesday it has raised more than $1.5 billion in new funds to invest into fund managers across Asia.
Warburg Pincus LLC WP.UL has raised more than $5 billion in just over seven months for its 11th global private equity fund, a major step on the way toward its $12 billion target.
India's Infrastructure Development and Finance Co is in the early stages of raising $1 billion-$1.5 billion for a new fund to invest in infrastructure in the country.
