Hopu Investment Management, a Chinese private equity firm started by two former Goldman Sachs bankers in 2008, has decided not to raise a second fund in a move that signals the investment vehicle is winding down, The Financial Times reported. Hopu, whose goal was to compete with the likes of the Carlyle Group and TPG [...]
John Elway had a knack for scouting out the weaknesses in defenses, but he does not seem to have the same acumen when it comes to investment advisers. The $15 million that he and a business partner gave to a hedge fund manager who has been accused of running a Ponzi scheme – an investment [...]
Dressed in the hospital scrubs, chef jackets and mechanic suits of their professions, more than 1,000 students and graduates of for-profit colleges gathered on Capitol Hill Wednesday to tell Congress that federal loans put toward their educations are worthwhile investments. The students rallied against a pending new rule that would eliminate federal financial aid at [...]
Private equity firm Candover Investments said it will wind itself down, sealing the fate of one of the buyout industry’s highest-profile victims of the credit crunch, Reuters reported. Candover’s move to sell its portfolio of companies, which includes oil-field services firm Expro, and return cash to shareholders and investors follows a failed attempt to sell [...]
Insisting that the stimulus plan is indeed working, Vice President Biden Tuesday unveiled a White House report showing that the recovery act’s $100 billion investment in innovative industries such as solar energy, electric cars and scientific research is transforming the economy, creating jobs and cutting costs for consumers. Standing alongside Secretary of Energy Steven Chu, [...]
The filings are out and it looks like the billionaire investor Carl C. Icahn has set his sights on four energy companies, two of which are heavily involved in exploration and production: Anadarko Petroleum and Chesapeake Energy. Mr. Icahn’s stakes in these companies could mean that he is thinking about a major shakeup in their [...]
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