US alternative asset manager Angelo, Gordon has decided to buck the trend by listing a special purpose acquisition company while others were waiting for equity market conditions to improve.
The hedge fund, real estate and private equity manager, which has $15bn (€9.6bn) of assets under management, has set out to raise $300m for the Spac, the [...]
RREEF Alternative Investments, the global alternative investment management business of Deutsche Bank’s Asset Management division, announced it has launched a new venture that will invest over $1 billion over the next three years in India’s growing real estate market.
The new venture, RREEF India Advisors, which will be run by country head Kishore Gotety, will be [...]
SCOR realises strong net income of EUR 124 million in the First Quarter 2008, up 63% despite a challenging financial environment
SCOR records strong results, carrying its profitability momentum into 2008. A strong business performance in Non-Life and Life more than offsets a decrease in investment income due to a challenging financial market environment. The quarter [...]
The “Asian century” and the “Chinese century” are terms that you are virtually certain to be hearing with greater frequency and earnest. Investment Banking And with the forthcoming Olympic Games in China, the volume of this terminology is sure to intensify.
With the U.S. dollar cascading relative to many Asian currencies and with treasuries and [...]
A growing number of 401(k) plan executives are demanding to know how much in excess revenue is generated by their plans and how they can get their hands on that money to cut costs and enhance services to participants.
Among those that have gone through the process: Akzo Nobel in Chicago, with $1.6 billion in plan [...]
The Bush administration, pledging a “strong and continued commitment” to safeguarding national security, issued 90 pages of regulations Monday to implement a new law tightening security reviews of foreign investments.
Congress passed the law last year after an uproar in 2006 over a plan by Dubai-owned DP World to manage six of the largest ports in [...]
Wellington rugby league referees are refusing to turn up to former capital city champions North City’s home ground after a touch judge was assaulted and a referee’s car windscreen was broken on their last two visits.
After no judicial action was taken against any individuals when Alan Prentice was attacked by a spectator in a pre-season [...]
BlackRock Inc.’s first-quarter net income rose 24% but failed to meet analysts’ expectations, as investors withdrew money from the firm’s core bond funds to put into lower-fee cash investments.
While the company posted earnings of $1.82 a share, Investment Banking up from $1.48 a share, a year earlier, analysts surveyed by Thomson Financial forecast on average [...]
Fidelity would not confirm the scale of the redunancies but the Financial Times reports a cull of up to 170 jobs.
The newspaper says the redunancies will mostly hit the support services and marketing departments. Investment Banking It says the cull will include 100 redundancies and Fidelity will not refill positions as they become vacant.
A spokesman [...]
Like a seed, one good idea can blossom into a multimillion dollar corporation if nourished, and a diverse group of government officials, Investment Banking business leaders and entrepreneurs from three northern Utah counties are pouring on the fertilizer.
Representatives from Weber, Davis and Morgan counties aim to reap a half-billion dollars in new business growth [...]
