Thomas H. Lee Partners LP will more than triple its investment in Acosta Sales & Markets Co. after Carlyle Group LP agreed to buy the company for $4.75 billion including current debt, according to a person with knowledge of the matter. Thomas H. Lee, a 40-year-old Boston buyout firm, will receive more than $1.7 billion […]
After a long day of trading, Wall Street hot shots are known to enjoy a fine beverage or two. But when it comes to liquid alternative investments, they’re darn near drunk. Liquid alternative funds are akin to hedge funds for mom and pop investors. Instead of simply investing in stocks or bonds, these special funds […]
The Appian Fund returned –0.43% in June as performance was mixed across managers. The Fund’s Event Driven, Macro and Structured Credit managers contributed positively to performance in June, while the Fund’s Relative Value Arbitrage manager suffered a drawdown during a period of extremely low volatility. Economic and Financial Market Overview Investors continued to shrug off […]