- Elliott, Paulson Said to Discuss Investment in General Growth
- Return-hungry investors flock to M&A hedge funds
- Nomura Said to Hire About 10 RBS Analysts, Traders
- Tennenbaum Capital Said to Raise Money for Distressed-Debt Fund
Elliott, Paulson Said to Discuss Investment in General Growth – Bloomberg
Elliott Associates LP and Paulson & Co. are discussing a plan to team with Brookfield Asset Management Inc. to bring mall owner General Growth Properties Inc. out of bankruptcy, two people familiar with the talks said.
The hedge funds, which have spoken with General Growth, would try to replace or join Fairholme Capital Management LLC and Pershing Square Capital Management LP in a bankruptcy exit plan with Brookfield, said the people, who asked not to be identified because the talks are private. Elliott and Paulson’s alternative proposal may also include Luxor Capital Group LP or other funds, one of the people familiar with their plans said…..
Return-hungry investors flock to M&A hedge funds – Reuters
Investors are flocking to hedge funds that bet on mergers and acquisitions (M&A) in the hope that a revival in takeover activity will help deliver more of the bumper returns they enjoyed in last year’s rally.
Prime brokers — who offer services to hedge funds — say such event-driven funds, which bet on announced takeovers as well as restructuring or even bankruptcies, top investor wish lists and more are set to be launched…..
Nomura Said to Hire About 10 RBS Analysts, Traders – Bloomberg
Nomura Holdings Inc.’s Australian unit hired about 10 research analysts and sales traders from Royal Bank of Scotland Group Plc, according to a person with knowledge of the matter…..
Nomura is hiring staff amid an exodus of former Lehman Brothers Holdings Inc. bankers from its Asian ranks after their guaranteed bonuses in return for agreeing to stay with the Tokyo-based bank were paid this month. Edinburgh-based RBS Chief Executive Officer Stephen Hester said last month the departure of about 1,000 top investment bankers last year cost the lender as much as 1 billion pounds ($1.5 billion) in lost earnings…..
Tennenbaum Capital Said to Raise Money for Distressed-Debt Fund – Bloomberg
Tennenbaum Capital Partners LLC, an investment firm founded by Michael Tennenbaum, is seeking about $1 billion to buy distressed debt after starting a bankruptcy- loan fund, said two people with knowledge of the plans.
The company expects to complete the first round of fundraising in two to three months, said the people, who declined to be identified because the plans are private…..
Tags: Distressed debt, Elliott Associates, General Growth Properties, Hedge funds, Nomura, Paulson & Co, Pershing Square, RBS
