Samsung Life, Kyobo Shun U.S., Europe for Korea Bonds
Bloomberg- South Korean life insurers are shunning U.S. and European corporate bonds because of a rising risk of default and plowing money into domestic debt. Samsung Life Insurance Co., Korea’s...
View ArticleAsia’s 5 Largest Single-Manager Hedge Funds
West Palm Beach (HedgeCo.Net)- Asia-based funds are getting bigger according to Alpa Magazine. Several of the funds on the list are relative newcomers and five members of the Asia 25 ranking were not...
View ArticleKorea’s No. 1 Money Manager Says Genghis Khan Model for Funds
Bloomberg – Days after a March negotiating session to buy San Francisco’s Citicorp Center building for $370 million, Park Hyeon Joo is in the air on a Korean Air flight bound for Seoul, sipping a glass...
View ArticleHSBC denies new deadline for $6.3 billion KEB deal
Reuters – HSBC Holdings on Thursday denied a South Korean media report saying it had agreed with U.S. private equity firm Lone Star to set a new deadline for a $6.3 billion deal for control of Korea...
View ArticleLone Star may sue South Korea government on KEB deal
Reuters – U.S. private equity house Lone Star is seriously considering suing the South Korean government if it delays approval beyond September of the firm’s $6.3 billion sale of shares in a local...
View ArticleDoubts Increase on Korea Hedge Fund Deregulation
BusinessWeek – Some participants in South Korea’s nascent alternative-investment market have grown pessimistic over the ability of incoming legislation to support the development of an onshore hedge...
View ArticleAsia plunges futher into financial chaos
Telegraph.co.uk – A move by US and European central banks, as well as by central banks in China, Taiwan, Hong Kong, Australia and South Korea, to slash borrowing costs has failed to reassure investors....
View ArticleDoubts Increase on Korea Hedge Fund Deregulation
BusinessWeek – Some participants in South Korea’s nascent alternative-investment market have grown pessimistic over the ability of incoming legislation to support the development of an onshore hedge...
View ArticleSouth Korea to introduce new fund sales rules
SEOUL (Reuters) – South Korea will allow mutual savings firms and online-based companies to sell investment funds from next February, and draw up measures to cut sales fees for long-term investors, a...
View ArticleBlackstone’s GSO hedge fund shuts Asia desk
Reuters – GSO Capital Partners LP, Blackstone Group’s $25 billion credit hedge fund, is closing its Asia investment desk after failing to find attractive investments in the region, sources familiar...
View ArticlePaulson Likes Distressed Assets Amid Global Recession
Bloomberg – Distressed assets offer the best investment opportunities this year as the global recession deepens, billionaire hedge-fund manager John Paulson said. “The decline in the market has created...
View ArticleMacquarie, State Bank of India Plan $2 Billion Fund
BusinessWeek – Macquarie Capital Group and State Bank of India (SBI) plan to raise a new $2 billion fund that will invest in direct infrastructure investment opportunities in India. Macquarie and SBI...
View ArticleHedge Fund Survey On Obama Regulations
HedgeCo.net (West Palm Beach) – A survey by RSM McGladrey, a financial services consultancy, found that hedge fund managers are surprisingly ready to work with SEC regulators to cooperate with...
View ArticleNetscape’s Marc Andreessen Starts $300 Million Venture Fund
Bloomberg – Marc Andreessen, who helped kick off the Internet boom 15 years ago by co-founding Netscape Communications Corp., is starting a $300 million venture capital fund to foster Silicon Valley...
View ArticleFormer Fannie Mae executive to become Fortress CEO
CNBC – Fortress Investment Group LLC has named former Fannie Mae CEO Daniel H. Mudd as its new CEO, effective Aug. 11. Mudd, a Fortress board member, takes over for co-founder and majority shareholder...
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