Unstructured Finance

Deals wrap: Investors cheer as Alpha’s Massey takeover sinks in

January 31, 2011

MINING-MASSEY/ACCIDENTShares of coal miner Massey Energy surged in trading on Monday, the first trading day after rival Alpha Natural Resources agreed to buy it in a $7 billion deal.

Morning Line-up: U.S. probes wider and takeover by stealth

January 31, 2011

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 News and views on the asset management industry from Reuters and elsewhere

Barai Capital under U.S. govt scanner - Wall Street Journal

Man Group launches ETF using broker tips – Financial Times

RBS pushes into retail funds – Independent

Reclusive rebel investor closes in on F&C – Reuters

Deals wrap: M&A is back

January 28, 2011

A sign is pictured on Wall St. near the New York Stock Exchange in New York November 25, 2008. REUTERS/Lucas Jackson Dealmaking is back on the agenda as CEOs step up the hunt for ways to put a multitrillion-dollar cash pile to work, triggering the busiest January for M&A in 11 years.

Bad day for banking stocks

January 27, 2011
It was not a good day for banking counters, as the markets slipped more than 250 points in Thursday. State Bank of India and ICICI Bank dropped nearly 1 percent and 2.1 percent respectively, while HDFC Bank closed 1.7 percent lower. Financials led the decline in the markets, as expectations for another rate increase in the next two months after the RBI’s recent move weighed on sentiments. Is this the right time to enter banking stocks?

Deals wrap: Racking up the deals

January 27, 2011

Vehicles drive on flyovers during the evening rush hour in central Shanghai December 29, 2010. REUTERS/Aly Song There’s a new swagger among the bosses of emerging market companies as they sign checks for a growing list of acquisitions in both the developed and developing world. And this is just the start.

Deals wrap: Looking forward to 2011′s IPOs?

January 26, 2011

A Wall St. sign is seen outside the New York Stock Exchange September 30, 2008.  REUTERS/Lucas Jackson Nielsen’s IPO raised more than expected and could set the tone for a rush of big private equity-backed IPOs anticipated in 2011.

UK universities eye and keep an eye on new hedge fund punts

January 26, 2011

Pension schemes are moving away from the usual equity/bond/real estate mix to put their eggs in as many baskets as possible. No wonder then that the USS — the 31.6 billion pounds UK universities pension fund — is putting an extra 1.5 percent of its assets, or about 474 million pounds, into hedge funds, as its CIO Roger Gray tells Reuters.

Deals wrap: BlackRock results beat Street

January 25, 2011

Snow falls on a Wall St. street sign in front of the New York Stock Exchange, February 25, 2010.   REUTERS/Brendan McDermidBlackRock reported a big jump in fourth-quarter profit and revenue, topping analysts’ estimates. With markets on an upswing, the $3.6 trillion behemoth created when Chief Executive Laurence Fink bought Barclays’s investment unit for $15 billion just over a year ago finally appears to be paying off for investors.

ICICI Bank ends up 1.7 pct

January 24, 2011

Shares in ICICI Bank, India’s top private lender, gained 1.7 percent on Monday, as the bank said that its Q3 net profit rose more than 30 percent.