Funds
Berkowitz Gets `Long Leash' at Fairholme Fund to Pursue General Growth Bid Bruce Berkowitz’s bid to help take
mall owner General Growth Properties Inc. out of bankruptcy
isn’t the first time the manager of the $11.2 billion Fairholme
Fund has strayed from conventional mutual-fund investing.
Indian Billionaire Anil Ambani's Venture Fund Plans to Double Investments Indian billionaire Anil Ambani’s
venture fund plans to invest in areas including so-called clean
technologies as it doubles investments over the next three years.
Macquarie May Seek Further Purchases in U.S. in `Once-in-Generation' Push Macquarie Group Ltd., which made
five North American acquisitions in 2009, may buy more U.S.
assets and add bankers servicing mid-sized companies to gain a
larger slice of the world’s biggest investment-banking market.
Asia's Billionaires Doubled Wealth at World's Fastest Pace, Forbes Says Asian billionaires including
India’s Mukesh Ambani and Hong Kong’s Li Ka-shing increased
their wealth as the region’s rich expanded their fortunes at the
world’s quickest pace in the past year, Forbes magazine said.
Shun Spain's Bonds on `Death by 1,000 Cuts,' Invesco, Merrill Lynch Say Investors should avoid Spain’s
bonds as the euro region’s highest levels of joblessness stifle
the country’s ability to cut its budget deficit, according to
Invesco Ltd. and Bank of America Corp.’s Merrill Lynch unit.
Sovereign Wealth Funds Assets Increase 9% to $3.51 Trillion, Preqin Says Sovereign wealth funds’ total
combined assets have climbed 9 percent from a year ago to $3.51
trillion, Preqin Ltd. said in an e-mailed press release.
HSBC Private Bank Suisse Says `Serious' Data Theft Affects 15,000 Accounts HSBC Holdings Plc’s Swiss private
bank said a former employee stole details on 15,000 existing
accounts, as banking secrecy comes under growing pressure from
nations keen to crack down on tax evasion.
Oaktree Capital Is Poised to Take Over Almatis in Debt-For-Equity Exchange Oaktree Capital Management LLC, the
investment fund with about $73 billion under management, is set
to take control of Almatis from Dubai International Capital LLC
under the terms of a $1 billion debt restructuring.
European Private Equity Firms' Fundraising Slumped 89% in 2009, EVCA Says European private equity firms
raised 86 percent less last year than in 2008 as economic
uncertainty pushed investors to curb commitments to new funds.
FEEDBACK
HOME
