Subject: RSCI Portfolio Updates and Press Clips 5.03
From: "Marianna Fazylova" <[email-masked]>
To: "RSCI Updates and Press Clips" <[email-masked]>
Date: Thu, 3 May 2012 11:38:35 -0400

PORTFOLIO UPDATES AND PRESS CLIPS

ALLOY ENTERTAINMENT<http://www.alloymarketing.com/>

WSJ Press Release 4/20

Alloy Digital Acquires Leading Digital Women's Lifestyle Media Network and Publisher B5Media<http://www.marketwatch.com/story/alloy-digital-acquires-leading-digital-womens-lifestyle-media-network-and-publisher-b5media-2012-04-20>

Alloy Digital, a leading creator and distributor of media and entertainment for the 12-34 demographic, today announced that it has completed the acquisition of B5Media, one of the fastest-growing female-oriented lifestyle digital publishing and media networks. B5Media's websites include award-winning TheGloss.com, Crushable.com, Blisstree.com, Mommyish.com, and TheGrindstone.com, featuring content focused on fashion, beauty, wellness, career, relationships, parenting and entertainment. The B5Media network, which has distinguished itself through honest, intelligent and relatable content, reaches females 14-34 and boasts a combined audience of more than 4 million monthly unique visitors.

Talk TV World  4/25

ABC Family Renews THE LYING GAME For Second Season<http://tv.broadwayworld.com/article/ABC-Family-Renews-THE-LYING-GAME-For-Second-Season-20120425>
ABC Family announced today the pick-up of a second season of the original drama series THE LYING GAME. The new season will begin production this summer for a winter premiere. The audience for the drama series grew considerably during its first season, surging by double-digit percent margins.

ENERGY FUTURE HOLDINGS<http://www.energyfutureholdings.com>

WSJ Press Release 4/25

WBENC Presents Crystal Leadership Award to Energy Future Holdings President and CEO John Young<http://www.marketwatch.com/story/wbenc-presents-crystal-leadership-award-to-energy-future-holdings-president-and-ceo-john-young-2012-04-25>

The Women's Business Enterprise National Council (WBENC) presented John F. Young, president and CEO of Energy Future Holdings (EFH), with the prestigious Crystal Leadership Award at its 2012 Salute to Women's Business Enterprises, a gathering of more than 1,200 major corporations, government entities and women's businesses, that took place in Baltimore.

Boston.com 4/30

Blackstone feeds ETF frenzy expanding to loans: credit markets<http://www.boston.com/Boston/businessupdates/2012/04/blackstone-feeds-etf-frenzy-expanding-loans-credit-markets/EiLk816GyLxYfVEnvBZ3kK/index.html>

Exchange-traded funds, after amassing $28 billion of junk bonds in five years, are expanding into leveraged loans as demand rises for investments that protect against inflation. Blackstone Group LP, the world's largest private-equity firm, is partnering with Boston-based State Street Corp.<http://finance.boston.com/boston./quote?Symbol=321%3A627419> to create an ETF for speculative-grade loans, according to a regulatory filing. Invesco Ltd., which attracted $158 million to its 14-month-old loan ETF in the first quarter, started its second fund in Canada this month, a separate filing shows. Atlanta-based Invesco's PowerShares Senior Loan Portfolio has grown to a market value of $418 million since its creation in March 2011, according to the firm's website. The fund's biggest holdings are loans of Tribune, the largest newspaper publisher in bankruptcy, and the Texas Competitive Electric Holdings unit of Energy Future, the electricity provider saddled with $36.7 billion of debt from the 2007 buyout by KKR & Co. and TPG Capital.

WSJ Press Release 5/1

Energy Future Holdings Reports First Quarter 2012 Results<http://www.marketwatch.com/story/energy-future-holdings-reports-first-quarter-2012-results-2012-05-01>

Reports Q1 2012 results

* Qtrly GAAP net loss $304 million

* Adjusted (non-GAAP) operating results for the first quarter 2012 totaled a

net loss of $280 million

* Qtrly GAAP operating revenues $1.22 billion

For the first quarter 2012, EFH reported a consolidated net loss (in accordance with GAAP) of $304 million compared to a reported consolidated net loss of $362 million for the first quarter 2011. The first quarter 2012 net loss included (all after tax) $98 million in commodity-related unrealized mark-to-market net losses largely related to positions in EFH's natural gas hedging program, partially offset by $74 million in unrealized mark-to-market net gains on interest rate swaps that hedge EFH's variable-rate interest expense.

Dallas News  5/1

Energy Future Holdings' 1Q loss widens excluding hedges<http://www.dallasnews.com/business/energy/20120501-energy-future-holdings-1q-loss-widens-excluding-hedges.ece>

Excluding the hedges, EFH losses widened to $280 million from $265 million. EFH executives said the problem was tough comparisons. "Texas experienced one of the worst winters in history in 2011," chief executive John Young said. This year's mild winter meant people used less power to heat their homes. The company sold 23 percent less electricity to retail customers in the first quarter and 4.3 percent less power to wholesale customers. The number of retail customers dropped 8.6 percent.

FISKER AUTOMOTIVE<http://www.fiskerautomotive.com/en-us>

Bloomberg 4/24

U.S. Said to Hire Restructuring Adviser to Monitor Fisker<http://www.bloomberg.com/news/2012-04-23/u-s-said-to-hire-restructuring-adviser-to-monitor-fisker-loan.html>

The U.S. Energy Department, which has loaned $193 million to Fisker Automotive Inc., hired a restructuring adviser to track the company's capital-raising efforts, people familiar with the hiring said. The agency retained Los Angeles-based Houlihan Lokey after freezing the automaker's $529 million credit line<http://topics.bloomberg.com/credit-line/> because of delays with Fisker's $103,000 plug-in hybrid Karma sedan, said two of the people, who asked not to be identified because the assignment isn't public. Russell Datz, a Fisker spokesman, said yesterday he couldn't confirm the work.

Ocmetro 4/24

Fisker expands presence in Middle East<http://www.ocmetro.com/t-Fisker-Automotive-expands-in-Middle-East-04-24-2012.aspx>

This week, Anaheim-based luxury electric automaker Fisker Automotive<http://www.fiskerautomotive.com/> reported that the company has signed an exclusive agreement with a large auto distributor corporation in the Middle East and North Africa. The new agreement with the Al-Futtaim Group, one of the region's most experienced auto distributors, will significantly expand Fisker's presence in a fast-growing market for performance and luxury vehicles.

Inautonews 4/25

Fisker Automotive: Senators question Fisker's federal loan<http://www.inautonews.com/fisker-automotive-senators-question-fiskers-federal-loan>

Two Republicans from the U.S. Senate have asked the Obama administration to explain in detail why it approved a $529 million loan to startup Fisker Automotive. The letter questioned why Fisker was allowed to build its first car, the $100,000 Karma sedan, in Finland, and asked what "technical expertise" the department used to "evaluate, originate, and monitor" Fisker's loan.

Torque News 05/01

Fisker Karma wins two prestigious design and innovation awards<http://www.torquenews.com/1075/fisker-karma-wins-two-prestigious-design-and-innovation-awards>

The Fisker Karma has the looks to make grown men drool, and unsurprisingly has won First Prize in the prestigious International Design Awards, and the Edison Awards recognized the car with a Silver Trophy in electric vehicles.

MARSICO CAPITAL MANAGEMENT<http://www.marsicofunds.com/>

BBR 4/27

300 North Capital secures SIG $175m mandate to run US fund<http://assetmanagement.banking-business-review.com/news/300-north-capital-secures-175m-mandate-from-sig-to-mange-us-fund-270412>

US based asset manager 300 North Capital has secured a $175m mandate from Skandia Investment Group (SIG) to manage its US Capital Growth Fund. 300 North Capital replaced Marsico Capital Management as asset manager on the fund. According to SIG, the mandate will give the fund exposure to growth companies regardless of market capitalisation.

NORTHERN TIER ENERGY (NTE)<http://www.ntenergy.com/>

Bloomberg 4/24

Carlyle in Sunoco Talks Shows Private Equity Sees Rebound<http://www.businessweek.com/news/2012-04-24/carlyle-in-sunoco-talks-shows-private-equity-sees-rebound>

Carlyle Group (CG) (CG<http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=CG:US>)'s talks to buy a majority stake in Sunoco Inc. (SUN) (SUN<http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=SUN:US>)'s Philadelphia refinery show private equity is betting the business abandoned by public oil companies may be poised for a long-term rebound... Carlyle would join Blackstone Group (BX) (BX<http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=BX:US>) and TPG Capital, which made refinery deals in the past two years to expand natural resources investments.

THE WEATHER CHANNEL COMPANIES <http://press.weather.com/>

WSJ Press Release 4/30

The Weather Channel Launches "Tornado Hunt 2012"<http://www.marketwatch.com/story/the-weather-channel-launches-tornado-hunt-2012-2012-04-30>

The Weather Channel Companies (TWCC) today begins "Tornado Hunt 2012," a unique live, multi-platform experience that submerges the consumer into the heart of Tornado Alley.

TEKELEC

WSJ Press Release 4/24

New Release of Tekelec Policy Server Key to Profitable, Innovative Mobile Data Business Models<http://www.marketwatch.com/story/new-release-of-tekelec-policy-server-key-to-profitable-innovative-mobile-data-business-models-2012-04-24>

"The latest release of Tekelec's market-leading Policy Server gives service providers the opportunity to increase revenues from popular over-the-top applications like YouTube and Facebook, simplify services with shared data plans and unlock the potential of location-based LTE services," said Doug Suriano, Tekelec's CTO. "The Policy Server unites the creativity and fast time-to-market requirements of service provider marketing teams with the reliability, scalability and flexibility required by network and IT departments."

Fierce Broadband 4/25

Diametriq is the new blood in Diameter market
<http://www.fiercebroadbandwireless.com/story/diametriq-new-blood-diameter-market/2012-04-25>Tekelec is the market's early leader, but Infonetics Research says it expects at least 15 vendors to have Diameter signaling controllers by the end of 2012. Earlier this week, Tekelec announced a new policy server release, available in June 2012, which will let service providers introduce shared data plans, location-based LTE service options and enhanced over-the-top (OTT) applications with unique quality-of-service rules.

Light Reading 4/26

IntelliNet Spawns 4G Signaling Specialist<http://www.lightreading.com/document.asp?doc_id=220255&f_src=lightreading_gnews>

There's a new name in signaling on the Long Term Evolution (LTE)<http://www.lightreading.com/document.asp?doc_id=179689> scene and it's Diametriq<http://www.intellinet-tech.com/>. The company, launched on Thursday, was born from the signaling technology assets of IntelliNet Technologies Inc.<http://www.lightreading.com/complink_redirect.asp?vl_id=2664> , which was founded in 1992... The new Diametriq also emerges as a challenger to existing Diameter players Tekelec Inc.<http://www.lightreading.com/complink_redirect.asp?vl_id=5427> and F5 Networks Inc.<http://www.lightreading.com/complink_redirect.asp?vl_id=2015> (Nasdaq: FFIV<http://www.lightreading.com/quote.asp?Account=lightreading&Page=QUOTE&Ticker=FFIV>), which acquired signaling specialist Traffix Systems<http://www.lightreading.com/complink_redirect.asp?vl_id=10197> in February.

WSJ Press Release 5/01

Tekelec Names Nitin Arora as Managing Director, India and South Asia<http://www.marketwatch.com/story/tekelec-names-nitin-arora-as-managing-director-india-and-south-asia-2012-05-01>

Tekelec has hired Nitin Arora as managing director for India and South Asia. Mr. Arora will oversee all business and sales activities for India, Sri Lanka, Bangladesh, Nepal and Bhutan out of Tekelec's Gurgaon, India office.

PRIVATE EQUTY

FT 4/21

Apollo wins battle for Great Wolf Resorts<http://www.ft.com/intl/cms/s/0/f5afcea4-8baf-11e1-9a1c-00144feab49a.html#axzz1tfrHQniv>

The bidding war for Great Wolf Resorts appears to be over after Apollo Global Management<http://markets.ft.com/tearsheets/performance.asp?s=us:AGMTZ> increased its bid to $7.85 per share on Friday, and KSL Capital Partners late that night informed the company it would not submit any further bids.

FT 4/23

Thomson sells healthcare unit for $1.25bn<http://www.ft.com/intl/cms/s/0/88e04694-8d5f-11e1-b8b2-00144feab49a.html#axzz1tfrHQniv>

Thomson Reuters<http://markets.ft.com/tearsheets/performance.asp?s=ca:TRI>, the financial and professional information group, has agreed to sell its healthcare analytics division for a higher-than-expected $1.25bn to an affiliate of Veritas Capital, a New York-based private equity firm.

FT 4/23

KKR beats earnings per share expectations<http://www.ft.com/intl/cms/s/0/02b80132-9071-11e1-8cdc-00144feab49a.html#axzz1tfrHQniv>

US buyout group KKR<http://markets.ft.com/tearsheets/performance.asp?s=us:KKR> reported a drop in its economic net income to $727.2m for the first quarter despite a 9 per cent rise in the value of its private equity holdings. The results were boosted by a buoyant stock market, though the gain in the value of KKR's portfolio was less than the 12 per cent rise in the MSCI Global index. KKR also cut its dividend to 15 cents per share from 21 cents a year ago as it sold off fewer of its investment holdings. Fee-related earnings dropped from $126.2m for the same period last year to $73.4m as deal activity fell.

FT 4/25

BlackRock in China Investment Corp tie-up<http://www.ft.com/intl/cms/s/0/076adb32-8e96-11e1-aa12-00144feab49a.html#axzz1tfrHQniv>

China Investment Corp, China's sovereign wealth fund, and BlackRock<http://markets.ft.com/tearsheets/performance.asp?s=us:BLK>, the world's largest asset manager, are set to launch a joint China-focused investment fund.

FT 4/29

Private equity fundraising by top 50 drops<http://www.ft.com/intl/cms/s/0/1ba58362-90b3-11e1-9e2e-00144feab49a.html#axzz1tfrHQniv>

Funds raised by the 50 largest private equity groups dropped for the fourth year in a row as investors continue to prefer targeted investments over the giant buy-out funds of the credit boom, according to a study of the 300 largest firms by Private Equity International. The top 50 raised $704bn over the last five years, more than the next 250 managers combined, but the smaller firms total has been steadily rising, from $524bn in 2009 to $606bn now. "Investors are directing their capital towards more 'niche' managers, such as sector specialists, regional experts or distressed investors," said Philip Borel, PEI's editorial director.

WSJ 5/3

Carlyle Group IPO prices below range<http://www.marketwatch.com/story/carlyle-group-ipo-prices-below-range-2012-05-03>

Carlyle Group's shares opened up less than 1% after pricing its IPO below expectations Wednesday. The largest U.S. IPO of the year, as measured by the $671 million the offering raised, was up 0.7% to $22.14 in recent trading.

NYT 5/3

BG Group to Sell Stake in Brazilian Pipeline Operator for $1.8 Billion<http://dealbook.nytimes.com/2012/05/03/bg-group-to-sell-stake-in-brazilian-pipeline-operator-for-1-8-billion/>

The British oil and gas company BG Group agreed on Thursday to sell its 60 percent stake in a Brazilian gas distribution company for $1.8 billion to Cosan, a local sugar and ethanol producer. The BG Group's decision to sell its stake in Comgás, Brazil's largest gas distribution company, comes after the British company announced plans earlier this year to sell $5 billion worth of assets over the next two years.

NYT 5/3

Progress Is Seen in Advancing a Final Volcker Rule<http://dealbook.nytimes.com/2012/05/02/progress-is-seen-in-advancing-a-final-volcker-rule/>

A major new rule that has drawn the ire of Wall Street is on track for completion sooner than some bankers had expected, dashing the hopes of financial industry lobbyists, who have pressed for a delay