Tag Archives: reuters
UBS could sell hedge fund unit to management
Reuters Zurich – UBS AG is considering selling all or part of its hedge funds business Alternative & Quantitative Investments in a management buyout, a Swiss newspaper reported on Tuesday. Citing unnamed financial sources, the Neue Zuercher Zeitung said a […]
Glaxo to buy Stiefel Labs for up to $3.6 billion
Reuters UK – GlaxoSmithKline Plc, the world’s second-largest drugmaker, has agreed to buy privately owned U.S. skincare specialist Stiefel Laboratories Inc for up to $3.6 billion, the two companies said on Monday. The acquisition is the latest in a string […]
China Zhongwang plans 2009’s largest IPO at $1.6 bln
Reuters – China Zhongwang Holdings, Asia’s biggest maker of aluminium extrusion products, began marketing on Monday for a Hong Kong IPO to raise as much as $1.58 billion in what would be the world’s largest new listing so far this […]
Hedge funds seen unsuitable for Islamic finance
Reuters – Hedge funds basing their investment strategy on sharia, or Islamic legal principles would face significant disadvantages compared with non-sharia hedge funds, some exponents of Islamic finance say. Many strategies would be difficult to achieve because they would be […]
Star commodities traders ditch banks for hedge funds
Reuters – Star commodity traders, once synonymous with high-profile banks, are leaving for little-known investment firms that let them work and earn in ways iconic Wall Street firms no longer can. The financial crisis and its amplifying threat on risk […]
General Growth files for bankruptcy protection
Reuters – General Growth Properties Inc GGP.N, the second largest U.S. mall owner, on Thursday filed for bankruptcy protection on Thursday, making it one of the biggest real estate bankruptcies in U.S. history. Ending months of speculation, the Chicago-based mall […]
Star commodities traders ditch banks for hedge funds
Reuters – Star commodity traders, once synonymous with high-profile banks, are leaving for little-known investment firms that let them work and earn in ways iconic Wall Street firms no longer can. The financial crisis and its amplifying threat on risk […]
Islamic short-selling can develop market: bourse
Reuters – Islamic short-selling would help develop sharia capital markets, Malaysia’s stock exchange chief said on Thursday, defending plans for a controversial platform it hopes will improve market liquidity. Some sharia scholars frown on short-selling, saying it amounts to selling […]
Top UK fund may invest up to 20 pct in alternatives
Reuters – The UK’s largest pension scheme, the BT Pension Scheme (BTPS) could invest up to 20 percent of its assets in alternative asset classes including hedge funds, a senior executive in charge of its investments said. Frank Naylor, head […]
Hedge fund firm Cheyne Capital to buy Altedge
Reuters – Hedge fund firm Cheyne Capital Management is to buy fund of hedge funds manager Altedge Capital, the firms said on Tuesday, as the once-booming industry consolidates in the face of client outflows. Under the deal, Altedge Chief Executive […]
HSBC sees “tipping point” in hedge fund outflows
Reuters UK – HSBC Global Asset Management says it is finally seeing inflows into some of its hedge funds and believes it may have reached a "tipping point" after a tough period of client withdrawals. Bill Maldonado, head of alternative […]