Private Equity 2012 Presidential Election

Private Equity 2012 Presidential Election

Will Private Equity Back President Obama in 2012?

Many private equity and hedge fund managers made major donations to President Obama in his 2008 presidential campaign.  Now, however, there are questions of whether professionals in the private equity and hedge fund industries will support him again or back a Republican challenger.  One big concern is taxation and whether new revenue increases will come in the form of closing the so-called carried interest loophole or other measures that will mean private equity and hedge fund execs pay more.
Tax increases will almost certainly play some part in the Democrats’ proposal to the bipartisan Congressional committee, when they assemble to consider the minutiae of the $1.5 trillion in deficit cuts that are required pursuant to the debt ceiling deal agreed last month between Obama and Congress. 
Where will the new taxes come from? Most likely, attempts will be made to close the so-called “carried interest loophole”, thereby taking a piece of 20% profit share participation better known as “carried interest.” Traditionally, carried interest is taxed at lower capital gains rates, so long as the underlying investments are held for at least one year. 
Democrats have frequently campaigned to repeal this rule and charge tax on all such revenues at the significantly higher ordinary income rates. 
Will the days of Obama’s high-profile courtship of these financial titans become a thing of the past, as concerns over tax hikes take center stage? Source



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Tags: private equity donations, private equity donor, Private Equity Democratic Donor, Private Equity President Obama, Private Equity Barack Obama, Private Equity Funds Obama, Private Equity Fundraiser, Private Equity Presidential Election 2012

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Pension Fund Investment Jobs

Pension Fund Investment Jobs

BE PART OF THE RETIREMENT FUND INCORPORATED TEAM IN LONDON,UK

A pension fund based in Malaysia is looking for qualified applicants for three positions: fund manager, investment analyst and office manager. Hiring preference is given to applicants who have completed Certified Private Equity Professional (CPEP),  Certified Hedge Fund Professional (CHP) designation or Financial Analyst Specialist (FAS) training programs.

Kumpulan Wang Persaraan (Diperbadankan) (“KWAP”) or Retirement Fund (Incorporated) (“RFI”) is a Malaysian based Pension Fund Institution established on 1st March 2007. Our main business functions are to manage contributions from the Federal Government, Statutory Bodies, Local Authorities as well as administration, management and investment of the Fund in equity, fixed income securities, money market instruments and other forms of investment as permitted under the Malaysian Retirement Fund Act (Act 662).

In line with our business expansion plans, we are in the midst of opening an office in London, UK which will focus on International Equity Investment. In driving to achieve the above objective, we believe that high performance talent is the most crucial element in creating our organization’s success.         

As an organization that is in constant pursuit of high performance and excellence, our Employee Value Proposition are  as follows:

v  We provide an opportunity for individuals to contribute towards the growth of the Malaysian pension fund industry.
v  We provide personal and professional career growth.
v  We offer competitive reward and conducive work environment.

We believe our Employee Value Proposition offers a great opportunity for you to be part of our high performance team members to drive the expansion of our business plan in London, UK.

We welcome you to apply for the following vacancies in our organization that suits your background and expertise. The detailed of the job descriptions of the positions can be further viewed at www.kwap.gov.my

FUND MANAGER
·         At least 3-5 years experience in managing equity funds with good track records.
·         Bachelor’s Degree in related field e.g. Accountancy, Finance, Business Administration, Economics and/or professional qualification.
·         Strong analytical skills and mastery in qualitative and quantitative techniques of equity investment.
·         Good knowledge of investment related systems i.e. Bloomberg, Reuters, Datastream.
OFFICE MANAGER
·         3-5 years of experience in office management preferably in investment and financial industry.
·         Bachelor’s Degree in Business Administration, HRM or Public Administration.
·         Ideally, experience in using Bloomberg and Reuters. 

RESEARCH ANALYST

·         3-5 years related experience.
·         Bachelor’s Degree in Accountancy, Finance or related field.
·         Possess strong technical and analytical skills.
Good knowledge of investment related to Bloomberg,
Reuters and Datastream.

For interested candidates, please submit your full CV stating the current and expected salary, contact numbers together with a recent passport-sized photograph to:

The Vice President
Human Resource Department
Retirement Fund Incorporated
Level 4, Menara Yayasan tun Razak
200, Jalan Bukit Bintang
55100 Kula Lumpur

Closing date: 30 September 2011

Only shortlisted candidates will be notified


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Tags: Certified Hedge Fund Professional Designation, Certified Private Equity Professional program, Financial Analyst Specialist Certification, job listings, jobs, finance jobs, investment jobs, careers, KWAP, Kumpulan Wang Persaraan, Kumpulan Wang Persaraan job, Malaysia

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AXA Private Equity Funds

AXA Private Equity Funds

AXA Private Equity Raises $3b for Secondary Fund of Funds

AXA just completed a buying spree of secondary private equity portfolios from banks to the tune of $5 billion.  Now, AXA Private Equity has reportedly raised $3 billion for a secondary private equity fund of funds.  AXA Private Equity is looking to raise as much as $4 billion for the fund, AXA Secondary Fund V, a $1 billion increase from the last secondary fund of funds that the firm launched in 2006. 

New regulations like the Volcker Rule and the Basel III capital requirements have forced many banks to sell off non-core assets which secondary fund of funds like AXA Private Equity will hope to buy up at a discount.  If you are looking for contact details on AXA Private Equity please see PrivateEquityDirectory.com 
AXA Private Equity has been raising capital for the new fund since fall last year, and aims to raise $3.5 billion for AXA Secondary Fund V, with a $4 billion hard cap or the maximum amount, the person said. It raised $2.9 billion for its last secondary fund of funds in 2006. 
The fund, to be used in buying private-equity fund stakes from investors globally, will provide AXA Private Equity with additional ammunition to scoop up non-core bank assets as the lenders seek to free up their balance sheets. 
The “Volcker rule,” a part of the financial regulatory overhaul, limits banks’ ability to invest with their own capital. Meanwhile, increased capital requirements under Basel III mean banks need to keep a bigger capital buffer relative to their assets, which also encourages sales of units. 
AXA Private Equity, with $25 billion assets in Europe, North America and Asia including $14 billion in funds of funds, acquired a $740 million portfolio from the U.K.’s Barclays PLC and $1.7 billion in private-equity assets from Citigroup in June. Last year, it bought $1.9 billion in private-equity funds from Bank of America Corp. and a $718 million portfolio from French bank Natixis. Source
If you are looking for contact details on AXA Private Equity please see PrivateEquityDirectory.com 

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Fortress Investment Group Loss

Fortress Investment Group Loss

Fortress Investment Group Posts 13% 2Q Revenue Loss

Fortress Investment Group continues to boost assets under management despite stiff losses in the second quarter of 2011. A decline in segment revenue contributed to losses for the hedge fund and private equity fund management firm.  CEO Daniel Mudd expressed his dissatisfaction with the second quarter loss, "Our earnings today were just off expectations, but further off what we expect from ourselves."  
Fortress Investment Group LLC's (FIG) second-quarter loss widened on a double-digit decline in revenue, in what the private-equity and hedge-fund manager admitted were disappointing results. 
Losses in the firm's liquid hedge funds, which invest in liquid assets like equities and commodities, wiped out "substantially all" of the accrued performance fees recorded in the first quarter, Fortress said. 
Fortress Macro Fund Ltd. posted a 5.4% net decline in the second quarter, while Drawbridge Global Macro Fund Ltd. and Fortress Commodities Fund L.P. recorded losses of 6% and 6.4% respectively. The funds were still down between 4.1% and 5.7% this year through July. But its Asian fund held up with a 3% gain in the first seven months. 
Alternative-investment managers like Fortress have posted poor hedge fund performance recently amid the volatile economy and weakness in commodities.
But Fortress said it's optimistic about the second half, saying its credit business continues to generate strong returns and its private equity business has continued valuation gain. Source
If you are looking for contact details on Fortress Investment Group and over 1,000 other private equity firms please see PrivateEquityDirectory.com

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Tags: private equity investments, private equity fortress group investment, Fortress Investment Group Loss, Fortress Investment Group investments, Fortress Investment Group Loss  buyout, Fortress Investment Group Loss  assets under management

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Blackstone Group Emdeon

Blackstone Group Emdeon

Blackstone Group Taking Emdeon Private for $3 Billion

The healthcare IT provider Emdeon Inc (EM.N) has agreed to a buyout from Blackstone Group.  Blackstone Group (BX.N) will take Emdeon private for $3 billion.  This deal is part of a larger trend of private equity activity in the healthcare sector.  If you are looking for contact details on Blackstone Group and hundreds of other private equity firms please see PrivateEquityDirectory.com
The private equity firm's offer of $19.00 per Emdeon share represents a 17 percent premium to Emdeon's Wednesday close of $16.25 on the New York Stock Exchange. 
"I think $19 per share is fair," said Caris & Co analyst Leo Carpio.
Shares of Nashville, Tennessee-based Emdeon, rose 14 percent on Thursday morning to $18.57, just shy of Blackstone's offer. 
Blackstone's offer for Emdeon follows the recent $5 billion buy-out of medical devices firm Kinetic Concepts Inc (KC.I) by Apax Partners and two Canadian pension funds, and TPG Capital's TPG.UL $2 billion deal to buy diagnostics firm Immucor Inc (BLUD.O). 
Carpio also added that private equity's interest in healthcare IT providers stems from the fact that while the fiscal deficit would result in Medicare and Medicaid reimbursement cuts, hospitals and healthcare providers will seek healthcare IT providers to cut costs.  Source


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