Inside the Retreat of Jamie Dinan's York, a One-Time Star Hedge Fund

Soured energy bets, a deal with Credit Suisse that left less equity to go around as performance shrank and a rocky succession all contributed to the firm's pullback. 


 
U.S. Watchdogs Seek Takeover Of Bankrupt Cryptocurrency Firm Cred

Justice Department bankruptcy watchdogs are seeking the appointment of a chapter 11 trustee to wrest control of cryptocurrency platform Cred and investigate its collapse. 


 
TPG, Northstar to Buy Stake in Japfa's Dairy Business for $236M

Private-equity firms TPG Capital and Northstar Group have agreed to buy 80% of agri-food company Japfa's dairy business for $236 million. 


 
Abu Dhabi's $230 Billion Man Bet the World Would Overcome Covid-19

Khaldoon al-Mubarak made an assessment in March that this challenging year would bring new opportunities to lessen his homeland's dependence on oil. He spent billions backing up that belief. 


 
These Investors Are Riding the Bitcoin Wave to New Highs

Bitcoin is surging to records near $20,000, a rally driven in part by the emergence of new investors from individuals to return-starved hedge funds. 


 
Fed Readies More Guidance on Bond-Buying Plans

Federal Reserve officials have indicated they see little urgency to provide more stimulus by increasing the pace or changing the composition of their asset purchases at their next meeting. 


 
Carlyle and Hellman & Friedman Join in $1 Billion Bet on Insurance

Carlyle Group and private-equity peer Hellman & Friedman are underwriting a $1 billion bet on a new specialty insurer and reinsurer led by industry veterans Greg Hendrick and Dinos Iordanou. 


 
Fed's Evans Isn't Ready for More Fed Stimulus

The Chicago Fed leader said that although the latest data on the labor market is disappointing, he wasn't yet ready to call for changes in central-bank monetary policy. 


 
Arcline Surpasses $2.25 Billion Target for Its Second Fund

The San Francisco-based firm, which was founded by former Golden Gate Capital deal maker Rajeev Amara in 2018, is expected to haul in almost $2.5 billion for the new fund once it closes in February, according to three people familiar with the matter. 


 
Model Portfolios Surging as Advisers Seek Quick Ways to Invest

Assets in these portfolios hit a record high this fall, reflecting growing interest in preset investment options developed by Wall Street firms.

(END) Dow Jones Newswires

12-07-20 0015ET