Gottex launches multi-asset investment program (Fund News)
Gottex, the asset management firm, has launched a global, multi-asset investment program that will invest in both alternative and traditional investments similar to those in which so-called U.S. super endowments invest.
Three private equity firms, Kohlberg Kravis Roberts, Hellman & Friedman and Bain Capital were told by Lehman that they remained in the bidding for its asset management arm.
Tepper bought $2.4 bn of energy stocks in second quarter (Fund News)
Hedge-fund manager David Tepper bought $2.4 billion of oil and gas stocks in the second quarter, shifting 79 percent of his U.S. equity holdings into energy from less than 1 percent three months earlier.