Barclays Discusses Sale of iShares as Bank Tries to Avoid Government Stake Barclays Plc is in talks to sell its iShares exchange-traded funds unit as the U.K.’s third- biggest bank tries to bolster capital without turning over a stake to the government.
Ackman Will Nominate Himself to Target’s Board as Retailer Trails Wal-Mart Hedge-fund manager William Ackman plans to nominate himself and four others to the board of Target Corp., the discount chain whose performance has trailed Wal-Mart Stores Inc.
Pimco’s El-Erian Says Buyout, Hedge Funds May Shrink by Half in Two Years Mohamed El-Erian, the chief executive officer of Pacific Investment Management Co., said poor performance and investor redemptions may force half of hedge-fund managers and buyout firms out of business.
Retirement Plans Need Overhaul After $2 Trillion in Losses, Advocates Say U.S. lawmakers should reform retirement plans after 401(k) and Individual Retirement Accounts lost more than $2 trillion in value since October 2007, a group of consumer and labor groups said.
AIG Says $105 Billion of Bailout Funds Flowed to Goldman, SocGen, States American International Group Inc., under pressure to reveal how it spent taxpayer funds since the September bailout, said $105 billion flowed to U.S. states and banks led by Goldman Sachs Group Inc., Societe Generale SA and Deutsche Bank AG.
Retail REITs Have Further to Fall Even After 78% Slump as Stores Struggle There’s little relief in store for investors in U.S. shopping center and mall landlords even after the shares plummeted 80 percent from their February 2007 highs.
Altman’s Evercore Starts M&A Joint Venture With China’s Citic Securities Evercore Partners Inc., the investment bank founded by former U.S. Deputy Treasury Secretary Roger Altman, set up an advisory and investment venture with Citic Securities Co., China’s biggest securities firm by market value, to gain more mergers and acquisitions work in the country.
Capula Hedge Fund Hires Columbia University’s Sundaresan to Lead Research Capula Investment Management LLP, a $3.5 billion hedge-fund firm in London, hired Suresh Sundaresan, chairman of the finance department at Columbia University, as head of research.