Funds
`Sinister and Silly' German Spy Plan Is Aimed at Hedge Funds, Analysts Say Germany’s suggestion that it may
order spies to track speculators targeting currencies is
“sinister and silly,” according to analysts, who said hedge
funds in London and New York would be the targets.
Eaton Vance's Cirami Wins Greek Bet Five Years After Buying Credit Swaps Michael Cirami, co-manager of the
$2.2 billion Eaton Vance Global Macro Absolute Return Fund,
waited five years for investors to realize that insurance on
Greek government bonds was too cheap.
Flowering Tree Grows Hedge Fund Fivefold From May Start, Outperforms Peers Flowering Tree Investment
Management Pte, set up by the co-founder of New York-based
Sansar Capital Management LLC, has grown its Asian equities
hedge fund more than fivefold as it outperformed peers.
Morgan Stanley's Investa May Allow Exit From its Frozen Funds in 18 Months Investa Property Group, an
Australian real estate firm owned by Morgan Stanley, said it
aims to open its frozen unlisted funds to redemptions in 12
months to 18 months.
Merkel Berates Brown Over Hedge-Fund Regulations, Slams France on Exports Chancellor Angela Merkel criticized
France and the U.K., saying Germany’s response to the recession
was better, and cautioned against “hasty” decisions on aid for
Greece.
BlackRock Jumps by Most in Five Months After Credit Suisse Upgrades Stock BlackRock Inc., the world’s biggest
asset manager, rose the most in five months after analysts at
Credit Suisse Group AG raised their recommendation on the
shares, saying they expect investor deposits to drive higher
earnings.
UBI Pramerica Buys Italian Government Debt, Shuns Greece for Safer Returns UBI Pramerica SGR SpA, which
oversees 22 billion euros ($30.3 billion) in fixed-income
assets, is buying Italian government bonds after selling most of
its Greek debt holdings as it seeks lower-risk returns.
China Is in Midst of `Greatest Bubble in History,' ex-LTCM's Rickards Says China is in the midst of “the
greatest bubble in history,” said James Rickards, former
general counsel of hedge fund Long-Term Capital Management LP.
Gross Raises Pimco's Non-U.S. Developed Debt Holdings to Most Since 2004 Bill Gross, who runs the world’s
biggest bond fund at Pacific Investment Management Co.,
increased holdings of bonds from non-U.S. developed nations for
a fourth month, taking them to the highest level since May 2004.
Kenedix to Invest $332 Million Via Two Japan Property Funds as Values Fall Kenedix Inc., Japan’s biggest
publicly traded real estate asset manager, said it will invest
30 billion yen ($332 million) in Japanese properties this year
through two new funds, to take advantage of price declines.
KBC Groep Said to Hire Pradeepkumar to Run Indian Fund Management Venture KBC Groep NV, Belgium’s biggest
bank by market value, is said to have hired G. Pradeepkumar as
chief executive officer for its Indian fund management venture,
two people familiar with the matter said.
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