Funds Hub
Money managers under the microscope
Morning line-up: AIG’s Asian unit IPO, City seeks to calm Europe, further bank bailout
News and views on the fund industry and elsewhere:
AIG lowers valuation for Asian unit’s IPO - FT
UK launches 1st property derivatives fund - FT
City’s bankers tour Europe to reassure investors over future - Daily Telegraph
UK banks may need further state bailout - Reuters
Morning Line-Up: AIG targets Chinese investors, nuns sue Morgan Stanley, Davies’ new career
News and views on the asset management industry from Reuters and elsewhere:
AIG eyes Chinese investors for AIA stake- FT
Nuns sue Morgan Stanley over bond – WSJ
Ex minister, Stan Chart chairman joins private equity firm – Reuters
Morning Line-Up: buy-out top up ruling, Pru’s AIA deal discount, F&C in “bully” case
News and views on the asset management industry from Reuters and elsewhere:
Private equity chief “in breach” for refusing fund’s top-up – FT
Pru to soothe scalp-hunters with discount of AIA deal costs - Times
Goldman’s Blankfein readies to bare all
Goldman Sachs chief executive Lloyd Blankfein has been holding forth in the FT with a comment piece entitled: “To avoid crises, we need more transparency”.
It’s not the sentiment that raises eyebrows; It’s the pulpit it comes from. Goldman’s recent past is scattered with events that can be described as anything but transparent.
Morning line-up
Hedge fund stories from the past 24 hours from Reuters and elsewhere:
The Lehman derivatives muddle – FT Alphaville
Ex-AIG chief Cassano back in U.S. – Reuters
Hedgie dies in escalator fall - Fox News
Swiss hit Lansdowne to lure Hedgies – Swisster
Irish FinMin on the hedge fund backing anti EU-campaign – Irish Times
Morning line-up
Hedge fund stories from the past 24 hours from Reuters and elsewhere:
Hedge critic may get SEC risk post - NY Post
AIG chief defends holiday – Reuters
When Chanos warned the G7 – and no one listened – Seeking Alpha
Emerging market funds lead the pack – Hedge Funds Review
from DealZone:
Deals du jour
AIG plans to float its Asian crown jewel, Volkswagen halts talks with Porsche, Nomura hires for a massive push in U.S. equities, and more. Here are the latest deal-related stories:
AIG to launch IPO for Asia crown jewel
Volkswagen halts tie-up talks with Porsche
Nomura hires for massive U.S. equity push
Cubs' offer won't be voted on next week: sources
Babcock & Brown infrastructure fund gets acquired
China pension fund plans foreign PE deals: sources
China government OKs Minmetals' OZ Minerals deal
Daiwa SMBC to buy unit of Britain's Close Brothers
Whitehaven says to drop merger deal with Gloucester
Metro to present Karstadt deal outline: sources
And in Europe's morning papers:
* Hedge fund manager Noam Gottesman, co-chief executive of GLG Partners Inc (GLG.N), plans to move to New York from London to build up the fund's U.S. assets, the Daily Telegraph said.
