Tag:
Commitments
Latest Headlines
Latest Headlines
What will Edward Liddy say on Wednesday?
AIG CEO Edward Liddy is being hauled out in front of the House capital markets subcommittee. No doubt they will grill him about the $165 million in bonuses AIG will payout, despite being 80 percent owned by the government and being on the receiving end of the $180 billion in bailout commitments. A
Carlyle Group also writes down funds
We noted recently that Kohlberg Kravis Roberts had written down the value of several of its funds. Blackstone wrote down some funds as well. They are far from the only private equity firms to do so.
The Carlyle Group has written down the value of the investments in its buyout fund Carlyle Part
Morgan Stanley's loss bigger than expected
Morgan Stanley reported a fourth-quarter loss of $2.24 per share ($2.3 billion), which was much worse than the 35 cents analysts were predicting. Earnings were weak across the board. Fixed income sales and trading net losses were $1.2 billion. Other sales and trading net losses of approximately $1
Private equity investors press to get their money back
While hedge funds have been struggling to keep limited partners from redeeming investments, the private equity industry was breathing a bit easier. Their agreements generally called for much longer, often 3-year, lock-ups that made the proverbial "rush to the exit" less likely. Indeed, some were t
Hedge fund launches getting harder even for big names?
We've noted that while the hedge fund industry is thriving, the barriers to entry seem to be rising. Launches are down, and the myth that just anyone can start one has evaporated. We're now seeing some big names--names that can command assets--struggle to launch. Dow Kim certainly qualifies as
