Funds
Rajaratnam, Chiesi Face Additional Charges in Galleon Insider-Trading Case Galleon Group LLC founder Raj
Rajaratnam and Danielle Chiesi, a New Castle Funds LLC
consultant, face new insider-trading charges based on evidence
provided to prosecutors by three defendants who pleaded guilty.
Shinsei Merger With Aozora Bank in Danger of Collapse, Credit Suisse Says Shinsei Bank Ltd., the Japanese
lender partly owned by U.S. investor Christopher Flowers, may
cancel its merger with Aozora Bank Ltd. and book a loss, Credit
Suisse Group AG said in a report.
Commercial Paper Investors Recoup Losses a Year After Swap: Canada Credit New Gold Inc., Acceleware Corp. and
other companies once saddled with insolvent commercial paper in
Canada are recouping as much as 60 percent of their investments
a year after a C$32 billion ($30 billion) debt swap.
High-Yield Debt `Flavor of Month' as Asian Economies Grow, StanChart Says “Selective picking” of high-yield
bonds in industries benefiting from a growing Asian economy,
such as infrastructure and resources, will deliver better
returns than the bonds of investment-grade companies, according
to Standard Chartered Plc.
Temasek May Set Up $3 Billion Hedge Fund Named Seatown, AsianInvestor Says Temasek Holdings Pte is planning a
$3 billion hedge fund, AsianInvestor reported on its Web site,
without saying where it got the information.
Paulson Tells Buffett U.S. to Get `Every Penny' of Bailout Back from Banks Former Treasury Secretary Henry
Paulson, responding to a question from billionaire Warren
Buffett, said the U.S. government will be repaid in full for the
funds it put into the country’s lenders.
China Sovereign Fund Buys Oil Fund, Joining Goldman Sachs, Morgan Stanley China Investment Corp., the nation’s
sovereign wealth fund, invested for the first time in the U.S.
Oil Fund, an exchange-traded crude-futures fund, joining Morgan
Stanley & Co. and Goldman Sachs Group among the top holders.
Ex-Morgan Stanley Investment Banker Zaoui Said to Weigh Starting Own Firm Michael Zaoui, a 21-year Morgan Stanley
dealmaker who helped advise Arcelor SA in the takeover by Mittal
Steel Co. that created the world’s largest steelmaker, may set up
his own firm this year, according to people familiar with the
matter.
Temasek's Fifth Bonds in as Many Months Rise in Their First Day of Trade Temasek Holdings Pte’s S$1 billion
($704 million) of 10-year bonds, the Singapore state-owned
investment company’s fifth debt issue in as many months, rose on
their first trading day.
Stanford Investors May Get `Interim' Payments in Proposal, Receiver Says R. Allen Stanford’s receiver is
working on a plan that may provide “several million dollars”
in interim payments to investors allegedly defrauded in a $7
billion Ponzi scheme.
`Blind Pools' Lose Appeal as Ziman, Callahan Plan Real Estate IPO Comeback Richard Ziman and Timothy Callahan
want to raise money in the equity market after selling their
real estate companies for a combined $12 billion before the
property crash. Investors may balk at bankrolling their return.
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