Fund Management

New York-based hedge fund Highbridge Capital Management has reportedly hired former Goldman Sachs director Scott Kapnick to launch its private equity business. It is the latest example of the increasing convergence between the two asset classes.

Distressed investors in China and Japan can rarely rely on formal control to improve the fortunes of their targets. Successful workouts require a blend of local talent, rigorous due diligence and above all, a healthy dose of diplomacy. Rob Kotecki reports.

The law of unintended consequences decapitates the Qantas board after the proposed $9 billion de-listing of Australia's national airline fails and forces its most vigorous proponent to quit.

Nicholas Lockey, editor of PrivateEquityOnline.com, looks behind the headlines of the last four weeks on the web.

Fifty finest..Continue 2007-06-01 Staff Writer <strong>STEPHEN SCHWARZMAN, BLACKSTONE GROUP</strong><br> Always bet on Blackstone. The firm has moved from success to success largely because its chairman and chief executive Stephen Schwarzman demands nothing less. The strong, early track re

Under the leadership of Jonathan Russell, 3i's under-performing buyout division has been transformed into a leading mid-market investor. But how will Russell be able to maintain this momentum in the face of fierce competition and mounting external scrutiny? James Taylor met him in London in May to find out.

Cerberus Capital Management may be the envy of some of its rivals.

George Anson, the head of HarbourVest in Europe, has warned private equity firms against complacency and excessive leverage.

A London investment group is aiming to avoid overexposure to frothy conditions in Europe's leveraged loan market - and benefit should it overheat.

European social networking site Netlog has just received its first round of funding from European venture capital firm Index Ventures. Its success in rolling out its model across different geographies illustrates how European venture firms can help local firms become global winners, says James Taylor.