Funds
Goldman Sachs Hedge Fund Head Pierre-Henri Flamand Said to Start Own Firm Pierre-Henri Flamand, the head of
Goldman Sachs Group Inc.’s largest internal hedge fund, is
retiring from the world’s most profitable securities firm to
start a hedge fund, according to three people with knowledge of
his plans.
Naked Swaps Crackdown Threat in Europe Rings Hollow Without Obama Backing European politicians and regulators
could initiate a continent-wide ban on speculative trading of
sovereign credit-default swaps tomorrow. Making it stick without
the Americans won’t work.
KKR Leads $235 Million Debt Refinancing, Note Sale for Harden Healthcare KKR & Co., the private-equity firm
run by Henry Kravis and George Roberts that’s expanding its
investments outside traditional buyouts, led a $235 million
refinancing for Harden Healthcare LLC.
Berkowitz Gets `Long Leash' at Fairholme Fund to Pursue General Growth Bid Bruce Berkowitz’s bid to help take
mall owner General Growth Properties Inc. out of bankruptcy
isn’t the first time the manager of the $11.2 billion Fairholme
Fund has strayed from conventional mutual-fund investing.
Macquarie May Seek Further Purchases in U.S. in `Once-in-Generation' Push Macquarie Group Ltd., which made
five North American acquisitions in 2009, may buy more U.S.
assets and add bankers servicing mid-sized companies to gain a
larger slice of the world’s biggest investment-banking market.
Asia's Billionaires Doubled Wealth at World's Fastest Pace, Forbes Says Asian billionaires including
India’s Mukesh Ambani and Hong Kong’s Li Ka-shing increased
their wealth as the region’s rich expanded their fortunes at the
world’s quickest pace in the past year, Forbes magazine said.
Steven Rattner Said to Be in Talks With Cuomo to Settle Pension Inquiry Steven Rattner, co-founder of
Quadrangle Group LLC, has been in discussions with New York
Attorney General Andrew Cuomo to resolve his role in a state
pension fund corruption investigation, according to a person
familiar with the inquiry.
Shun Spain's Bonds on `Death by 1,000 Cuts,' Invesco, Merrill Lynch Say Investors should avoid Spain’s
bonds as the euro region’s highest levels of joblessness stifle
the country’s ability to cut its budget deficit, according to
Invesco Ltd. and Bank of America Corp.’s Merrill Lynch unit.
Sovereign Wealth Funds Assets Increase 9% to $3.51 Trillion, Preqin Says Sovereign wealth funds’ total
combined assets have climbed 9 percent from a year ago to $3.51
trillion, Preqin Ltd. said in an e-mailed press release.
Oaktree Capital Is Poised to Take Over Almatis in Debt-For-Equity Exchange Oaktree Capital Management LLC, the
investment fund with about $73 billion under management, is set
to take control of Almatis from Dubai International Capital LLC
under the terms of a $1 billion debt restructuring.
European Private Equity Firms' Fundraising Slumped 89% in 2009, EVCA Says European private equity firms
raised 86 percent less last year than in 2008 as economic
uncertainty pushed investors to curb commitments to new funds.
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