private equity

PRIVATE EQUITY

Stephen Schwarzman, the Blackstone chief executive, took home $213.5m in pay and dividends in 2011, after seeing his pay jump by a third.

At the start of the year all the investment houses like to roll out their investment plans with such confidence and aplomb.

HOW TO ACCESS PRIVATE EQUITY

The closed-ended structure is well suited to private equity investment says Hamish Mair, manager of the F&C Private Equity Trust.

Ignis has hired Michiel Timmerman from Aberdeen Asset Management to run its newly created £2.5bn multi-manager unit.

Fundsmith founder Terry Smith is set to lose one of the 22 stocks in his Equity fund to an acquisition, less than a month after the vehicle's launch.

Hargreaves Lansdown co-founder Stephen Lansdown is creating a new green private equity fund.

The board of the £55m Henderson Private Equity investment trust has decided to close the vehicle as a result of its persistently wide discount and failure to grow assets under management.

Private equity positions were the largest positive contributor to the Foreign & Colonial investment trust in the first half of the year, helping to offset the effects of BP's dividend suspension.