Hedge Funds Advance for Fifth Straight Month, Climb 12% for Year, HFR Says Hedge funds gained for the fifth consecutive month in July, returning an average 2.4 percent as stock markets rose, Hedge Fund Research Inc. said.
Funds, Private Equity to Get Less Scrutiny Than Banks Under House Proposal U.S. House proposals for new financial regulations will likely put hedge funds and private equity investors such as Blackstone Group LP under less-rigorous requirements than banks and mortgage lenders, according to House Financial Services Committee members.
Blackstone Says FDIC’s Proposed Bank-Buyout Guidelines Are a Deal-Breaker Blackstone Group LP President Tony James said the Federal Deposit Insurance Corp.’s proposed rules covering buyout firms’ purchases of controlling stakes in banks would “kill it for private equity.”
China’s Sovereign Wealth Fund Lost 2.1% in 2008 as Recession Shrank Assets China Investment Corp., the country’s sovereign wealth fund which has stakes in Morgan Stanley and Blackstone Group LP, said it posted a negative 2.1 percent return on its global investment portfolio last year.
Russia Beats California in Bond Market as Credit-Default Swaps Favor BRICs Investor demand for emerging-market bonds is driving the cost of insuring against debt defaults below industrialized governments for the first time.
Financial Planners Say Fiduciary-Standard Debate May Favor Broker-Dealers Government efforts to force stock brokers who give investment advice to follow a fiduciary standard may end up watering down the rule, according to a financial planners group.
SocGen’s Mustier Quits Lender as French Regulator Probes Insider Trading Societe Generale SA, France’s second- largest bank by market value, said former investment-banking chief Jean-Pierre Mustier quit after the market regulator’s sanctions commission opened an insider trading probe.
Simon Property Joins Duke Realty in Debt Sales as Credit Eases for REITs Simon Property Group Inc., the biggest U.S. shopping-mall owner, led $1.25 billion of real estate company bond sales this week, raising cash for possible acquisitions as credit markets eased.
Carlyle’s Kennard Nominated by Obama to Be Ambassador to European Union William E. Kennard, a Carlyle Group executive and former chairman of the Federal Communications Commission, was nominated yesterday by President Barack Obama to become U.S. ambassador to the European Union.