Chief Correspondent, Hong Kong
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Dec 7, 2011

Former Lone Pine, Goldman execs plan $1 bln Asia hedge fund

HONG KONG (Reuters) – Former Lone Pine and Goldman Sachs (GS.N: Quote, Profile, Research, Stock Buzz) executives are aiming to raise $1 billion (640 million pounds) in an Asia-focused hedge fund, three sources said, hoping to break into a very small group of funds of that size in the region.

The plan indicates that more blockbuster fund launches in Asia could follow as investors, despite volatile markets, are willing to risk their money with managers who have track records.

Dec 7, 2011

Exclusive – Ex-Lone Pine, Goldman execs plan $1 billion Asia

HONG KONG (Reuters) – Eashwar Krishnan, a former analyst at hedge fund Lone Pine, and Tanvir Ghani, former head of capital introduction for Asia-Pacific at Goldman Sachs Group Inc (GS.N: Quote, Profile, Research), are setting up an Asia-focused hedge fund, three sources familiar with the matter said.

They are aiming to raise about $1 billion (639 million pounds), hoping to break into a very small group of funds of that size in Asia.

Dec 7, 2011

Ex-Lone Pine, Goldman execs plan $1 bln Asia hedge fund -sources

HONG KONG, Dec 7 (Reuters) – Eashwar Krishnan, a
former analyst at hedge fund Lone Pine, and Tanvir Ghani, former
head of capital introduction for Asia-Pacific at Goldman Sachs
Group Inc, are setting up an Asia-focused hedge fund,
three sources familiar with the matter said.

They are aiming to raise about $1 billion, hoping to break
into a very small group of funds of that size in Asia.

Dec 7, 2011

Ex-Lone Pine, Goldman execs plan Asia hedge fund: sources

HONG KONG (Reuters) – Eashwar Krishnan, a former analyst at hedge fund Lone Pine, and Tanvir Ghani, former head of capital introduction for Asia-Pacific at Goldman Sachs Group Inc (GS.N: Quote, Profile, Research, Stock Buzz), are setting up an Asia-focused hedge fund, three sources familiar with the matter said.

They are aiming to raise about $1 billion, hoping to break into a very small group of funds of that size in Asia.

Dec 2, 2011

‘Axe sheets’ grow as Credit Agricole, others dump Asia loans

HONG KONG, Dec 2 (Reuters) – Under pressure from a
spiralling debt crisis at home, Credit Agricole and other
European banks are offloading more of the loans they hold in
Asia, squeezing up lending rates and making it tougher for small
and mid-sized companies to borrow.

As French and other European-based banks look to sell
overseas assets to shore up their capital at home, they have
increased the traffic in detailed loan documents, known as axe
sheets, to other banks across Asia.

Dec 1, 2011

Newcomers to Asia banking scene fight for survival

HONG KONG, Dec 1 (Reuters) – Newcomers to the broad
Asia banking market are slugging it out in a fight for survival,
facing a shrinking fee pool, fewer deals, and weak trading
volumes.

Some brokerage and advisory shops new to the group of
regional players are pressing ahead with their Asia growth
plans, undeterred by the tough economic climate and bent on
using the broader industry struggles to their advantage.

Dec 1, 2011

Analysis: Under pressure, Macquarie looks back to the future

SYDNEY/HONG KONG (Reuters) – The fluorescent green Lamborghini, license plate: “GRRRR,” and the banker who owned it, are gone from the garage at Macquarie’s Hong Kong offices.

The growl that departed early last month in a shake-up at the Australian group’s equity derivatives arm is symbolic of the bank’s shift away from racy banking products and towards the plain vanilla.

Dec 1, 2011

Under pressure, Macquarie looks back to the future

SYDNEY/HONG KONG, Dec 1 (Reuters) – The fluorescent
green Lamborghini, license plate: “GRRRR”, and the banker who
owned it, are gone from the garage at Macquarie’s Hong Kong
offices.

The growl that departed early last month in a shake-up at
the Australian group’s equity derivatives arm is symbolic of the
bank’s shift away from racy banking products and towards the
plain vanilla.

Nov 25, 2011

KPMG chair calls for global standards, cites Olympus fraud

HONG KONG (Reuters) – KPMG’S chairman on Friday called for a global set of standards for the auditing industry and said the Olympus Corp scandal in Japan reveals evidence of “significant fraud.”

Michael Andrew, the chairman, also outlined steps needed to improve the auditing industry in a in a speech entitled, “Fraud, Financial Crises and the Future of the Big Four.” He spoke to the Foreign Correspondents Club in Hong Kong.

Nov 9, 2011

London jeweler Graff plans $1 billion HK IPO

HONG KONG/LONDON (Reuters) – London-based jeweler Graff Diamonds plans to raise about $1 billion in a Hong Kong listing next year, a move that could fund expansion in Asia and capitalize on booming gem prices.

The buyer last year of the 24.78 carat “Graff Pink,” Graff and its flagship Bond Street store are controlled by Britain’s 13th richest man, septuagenarian Laurence Graff.

    • About Michael

      "In June 2009, Michael Flaherty became a Chief Correspondent for Reuters News, leading a team of journalists who cover investment banking, mergers & acquisitions, private equity and hedge funds, equity capital markets, natural resources and property across Asia. He arrived in Hong Kong in Feb. 2008 as Reuters' Asia Financial Services correspondent, covering the investment banks and M&A. Flaherty was hired by Reuters in New York in Dec. 2003. He was voted Reuters Journalist of the Year for his 2007 coverage of the U.S. private equity boom and bust. He started at Reuters with the consumer group covering office retailers ..."
      Joined Reuters:
      Dec. 1, 2003
      Awards:
      Peninsula Press Club, 2002, Reuters Journalist of the Year, 2007, M&A International, 2007
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