A letter to clients showed the hedge fund plans to reduce management fees and offer a new share class that would enable investors to get their money earlier.
North America
Harvard University sues over cracked bell
Harvard University has resorted to suing Chime Master Systems over a dispute over a cracked church bell a few months after the installation of a new clapper unit.
Johnson & Johnson selects two bidders for diagnostics unit sale
Sources name the Carlyle Group LP and a combined group from Danaher Corp and Blackstone Group LP to have successfully advanced to the final stage of sale negotiations for J&J's diagnostics unit
Hilton to increase IPO size to $2.25 billion -source
Hotel operator Hilton Worldwide Inc, owned by private equity firm Blackstone Group LP, will increase the size of its initial public offering to about $2.25 billion, according to a source familiar with the matter.
Blackstone taps Nielsen CEO Calhoun to help run its companies
Blackstone Group LP said Thursday it had hired David Calhoun, chief executive of television ratings company Nielsen Holdings NV, to work with the bosses of the private equity firm's companies in order to deliver more value.
Latest News
Branded mobile content company TextPride secured USD1 million in seed funding which will be used to launch the company's mobile stickers and emojis to mobile messaging apps.
Optical retailer New Look Eyewear Inc will be buying Charlottetown-based eyewear company Vogue Optical Inc for USD74 million to become Canada's third-largest integrated optical product seller.
The purchase of Baton Rouge-based Edgen Group Inc was finally completed by Japan's Sumitomo Corp and Sumitomo Corporation of America in an acquisition deal valued at USD520 million.
Canadian Vendetta Mining Ltd. announced that it has signed a deal with Pegmont Mines Limited to buy an undivided 100% stake in the Pegmont Lead-Zinc-Silver Property.
US-based private equity fund Exhilway Global has closed USD200 million for its mines and minerals private equity fund that will operate in Indonesia, Turkey, and Kazakhstan.
Billionaire and IAC/InterActiveCorp Chairman Barry Diller said Aereo Inc may get as much as 35% of US households to use its service once it overcomes the lawsuits filed against it by broadcasters.
Ohio-based tank truck transportation and logistics provider Kenan Advantage Group purchased Canada-based bulk transportation provider RTS-Westcan Group of Cos in an acquisition deal with undisclosed terms.
California-based live online English school Colingo raised USD2.4 million in a seed funding round led by Atlas Ventures, according to the company's founder, Ben Lowenstein.
Bain Capital Partners was said to have stopped talks to acquire auto parts maker TI Automotive because the parties could not agree on the price for the deal.
