Paulson's Advantage Funds decline in June (Fund News)
John Paulson's Advantage Plus fund lost 6.9 per cent in June, bringing the first-half decline for the hedge fund to 8.8 per cent, according to investors in the fund. The Advantage fund dropped 4.4 per cent in June and 5.8 per cent YTD.
Hermitage Capital executive receives death threats (Fund News)
A senior executive at Hermitage Capital Management has received death threats for pursuing allegedly corrupt Russian police officers in events that echo the killing last year of the hedge fund's former investigative lawyer Sergei Magnitsky.
Federal regulators on Monday filed civil fraud charges against Thomas Priore and ICP Asset Management in connection with complex securities tied to mortgages.
Youth fashion retailer Republic has been bought by private equity group TPG for £300m. TPG is financing the purchase entirely with equity from its $18bn global buy-out fund in one of the smallest deals the San-Francisco-based group has ever done in Europe.