Recently added articles from Reuters Hedgeworld:
Penjing Asset ties up with Triple A for Seed Fund
Jan 05, 2010 ... HONG KONG (Reuters) - Penjing Asset Management said on Tuesday[Jan. 5] it had entered into a joint venture with Asia AlternativeAsset Partners (Triple A Partners) to raise investment capital forstart-up hedge funds. Penjing's existing seed fund will be renamed Penjing Triple ...
Fed's Hoenig backs Bank Break-Ups Where Needed
Jan 05, 2010 ... ATLANTA (Reuters) - A top Federal Reserve official on Tuesday[Jan. 5] backed stripping banks of risky operations, suggestinggrowing support for breaking up large firms to prevent excesses thatcould undermine financial stability. At a meeting of top economists here, Kansas City ...
Icahn Enterprises to sell $2 Billion 2-Part Debt: Report
Jan 05, 2010 ... NEW YORK (Reuters) - Icahn Enterprises LP said on Monday [Jan. 4]that it planned to sell $2 billion of senior notes in the Rule 144aprivate placement market, according to IFR, a Thomson Reutersservice. The company, controlled by financier Carl Icahn, said the ...
Thornburg sees Wide Interest in Mortgage Portfolio
Jan 04, 2010 ... NEW YORK (Reuters) - Bankrupt U.S. mortgage lender ThornburgMortgage Inc. is seeing "wide interest" in the auction for its $11billion mortgage servicing portfolio, an advisor hired to sell theportfolio said on Monday [Jan. 4]. Dozens of traditional mortgage banks, banks, hedge ...
U.S. Judge rejects Leniency for UBS Informant
Jan 04, 2010 ... MIAMI (Reuters) - A U.S. judge on Monday [Jan. 4] rejected arequest to consider reducing the prison sentence of a key informantin the tax fraud case against former UBS AG banker BradleyBirkenfeld, and he ordered Mr. Birkenfeld to start serving a 40-month sentence as scheduled this Friday ...