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etfa-mag.com August 17, 2018

Investor Lawsuit Caps A Rough Year For This Veteran Etf Manager

A bad year for one veteran of the $3.6 trillion market for exchange-traded funds is only getting worse. Elkhorn Capital Group, which once oversaw more than $200 million, is being sued in Delaware federal court by investors who say founder Benjamin Fulton misrepresented a marketing relationship between his firm and Barclays Plc. It caps an annus horribilis for Fulton in which a merger fell through, another adviser took over two of Elkhorn's products, and the firm's remaining funds shuttered. It's a reminder that not everyone can make it in the fast-growing ETF industry.
Read by 74% of LPs

fa-mag.com August 17, 2018

Investor Lawsuit Caps A Rough Year For This Veteran Etf Manager

Elkhorn Capital Group, which once oversaw more than $200 million, is being sued in Delaware federal court by investors who say founder Benjamin Fulton misrepresented a marketing relationship between his firm and Barclays Plc. It caps an annus horribilis for Fulton in which a merger fell through, another adviser took over two of Elkhorn's products, and the firm's remaining funds shuttered.
Read by 46% of LPs

reuters.com August 14, 2018

Tesla Forms Three-member Panel To Decide On Any Musk Deal | Reuters

* Shares unmoved by latest developments (Adds details on board members, background): (Reuters) - Tesla Inc's board (TSLA.O) named a special committee of three directors on Tuesday to negotiate with Elon Musk on taking the electric carmaker private, although it said it was yet to see a firm offer from the company's chief executive. Musk said on Monday he had held talks with a Saudi sovereign fund on a buyout that would take Tesla off the Nasdaq exchange - an extraordinary move for what is now the United States' most valuable automaker, worth more than $60 billion.
Read by 62% of LPs

allaboutalpha.com August 07, 2018

European Private Equity Activity Increases In Q218 | Allaboutalpha: Alternative Investing Trends And Analysis | A Finance Blog About Private Equity, Commodities, And Other Alternative Asset Classes.

Pitchbook has a new report out about private equity activity in Europe. It indicates that, despite a slow start to the year, PE deal activity picked up notably in the second quarter. Across the continent there were 804 deals 2Q with a total valuation of EUR88.5 billion. Deals above the Read More.
Read by 36% of LPs

qatar-gulfnews.com August 06, 2018

Abraaj Fund Investors Said To Hire Advisers For Debt Recovery

Investors in a $1.6bn-Abraaj Group fund have hired advisory firm Alvarez & Marsal Holdings to help recover money owed by the floundering Middle Eastern private equity firm, people with knowledge of the matter said. The New York-based company will represent Abraaj Private Equity Fund IV's backers in talks with liquidators as they seek to recover [...]
Read by 53% of LPs

livemint.com August 05, 2018

Abraaj Fund Investors Hire Advisers To Help Recover Debt

Abraaj Group is undergoing an overhaul after it was found to have borrowed money without investors' consent. : London/Dubai: Investors in a $1.6 billion Abraaj Group fund have hired advisory firm Alvarez and Marsal Holdings, LLC to help recover money owed by the floundering Middle-Eastern private equity firm, people with knowledge of the matter said. The New York-based company will represent Abraaj Private Equity Fund IV's backers in talks with liquidators as they seek to recover more than $99 million owed by the Dubai-based buyout firm, said the people, requesting anonymity.
Read by 76% of LPs

dealstreetasia.com August 05, 2018

Abraaj Fund Investors Said To Hire Advisers For Debt Recovery

The New York-based company will represent Abraaj Private Equity Fund IV's backers in talks with liquidators as they seek to recover more than $99 million owed by the Dubai-based buyout firm The post Abraaj Fund investors said to hire advisers for debt recovery appeared first on DealStreetAsia.
Read by 43% of LPs

cpifinancial.net August 05, 2018

Abraaj Group Investors Hire Advisers For Debt Recovery | Cpi Financial News | Banking And Financial News,islamic Business And Finance, Commercial Banking

The private equity fund's investors have hired advisory firm Alvarez & Marsal Holdings in a bid to recover their money.
Read by 74% of LPs

cpifinancial.net August 05, 2018

Abraaj Group Investors Hire Advisers For Debt Recovery | Cpi Financial News | Banking And Financial News,islamic Business And Finance, Commercial Banking

The private equity fund's investors have hired advisory firm Alvarez & Marsal Holdings in a bid to recover their money.
Read by 62% of LPs

jdsupra.com August 03, 2018

Navigating Change: Us M&a; H1 2018: Navigating Change: Pe Hits New Post-crisis High | White & Case Llp

Despite intensifying competition within the market, US private equity activity is yet to show signs of a downturn - US private equity (PE) had its busiest 12 months since the financial crisis in 2017, securing 1,261 buyouts valued at US$191.9...By: White & Case LLP.
Read by 75% of LPs