- Meriwether setting up new hedge fund
- TPG Plans to Return $20 Million in Fund Fees
- Hamptons Home Sales Surge Most in Five Years Amid 19% Discounts
Meriwether setting up new hedge fund – Financial Times
John Meriwether, the hedge fund manager and arbitrageur behind Long-Term Capital Management, is in the process of setting up a new hedge fund – his third.
The move comes barely three months after Mr Meriwether decided to close his second fund manager, JWM Partners, which was wound down after clients saw the value of their investments fall by more than 44 per cent over the course of the financial crisis….
TPG Plans to Return $20 Million in Fund Fees – Wall Street Journal
TPG, one of the world’s largest private-equity firms, told investors at its annual conference this week that it would refund $20 million in fees paid this year on its $18.8 billion flagship investment fund.
The gesture is TPG’s second concession this year, as it tries to shore up its relationships with investors who have committed billions of dollars with the private-equity firm but have seen little in the way of new deals or positive investment returns…..
Hamptons Home Sales Surge Most in Five Years Amid 19% Discounts – Bloomberg
Home sales in the Hamptons, the Long Island beach retreats favored by Hollywood celebrities and Wall Street financiers, surged 32 percent in the third quarter as deal seekers landed discounted properties.
Transactions climbed to 339 from 257 a year earlier, the biggest increase in five years of records, New York-based appraiser Miller Samuel Inc. and broker Prudential Douglas Elliman Real Estate said in a report today. The median price dropped 2.4 percent to $810,000…..
Tags: Fees, Hamptons, John Meriwether, liquidations, Liquidations / implosions, Real Estate, TPG
