TPG’s Myer Sale Tests Australian IPO Rebound as Investor Group Says Beware Australia’s recovery from its worst initial public offering drought in 16 years hinges on whether buyout firms can persuade investors scarred by past flops to part with some of an estimated $175 billion of surplus cash.
Dubai World Said to Transfer W Hotel, Turnberry Resort Stakes to Istithmar Dubai World is transferring the W Hotel in Washington and the Turnberry Resort in Scotland to investment unit Istithmar World from Nakheel PJSC as part of a reorganization of the state-owned holding company’s assets, said a person briefed on the matter.
BlackRock Investing in Technology to Cut `Billions’ in Wall Street Fees Larry Fink, chairman and chief executive officer of BlackRock Inc., said his firm is investing in technology to reduce the billions of dollars it pays in commissions and trading fees to Wall Street every year.
Falconhead, Private Equity Firms to Pay $4.5 Million to Settle Cuomo Probe HM Capital Partners LLC and three other private-equity firms agreed to pay a total of about $4.5 million to settle with New York Attorney General Andrew Cuomo in his probe of corruption at the state pension fund, Cuomo said.
Invesco Unit Plans ETF to Buy Government-Subsidized Build America Bonds PowerShares, a unit of Atlanta- based Invesco Ltd., plans to start an exchange-traded fund that mostly holds Build America Bonds, taxable municipal debt subsidized by the federal stimulus plan.
Brazil’s Stock Market Will See More Inflows, Credit Suisse Hedge Fund Says Brazil’s stock market will attract “much more” money as most global investors missed out on the Bovespa index’s rally this year by holding on to cash or fixed income securities, said Ilan Ryfer, partner at Sao Paulo-based Credit Suisse Hedging-Griffo.
Hedge-Fund Regulation Plans Prompt Squabbles in Europe, Questions in U.S. Plans to regulate hedge funds and private equity firms in the European Union have exposed disagreements across the bloc and with the U.S., even as lawmakers publicly press for greater cooperation.
U.S. Natural Gas Fund’s Roll `Slaughtered’ Speculators, Boosted Volatility Speculators trying to profit from the U.S. Natural Gas Fund’s roll of futures contracts got “slaughtered” and helped boost volatility as gas prices surged this week, said Adam Felesky, chief executive officer of BetaPro Management Inc.
BlackRock’s Fink Says Dollar Still Best for Preserving Value in Long Term Laurence Fink, poised to head the world’s biggest money manager when BlackRock Inc. completes its purchase of Barclays Global Investors this year, said the U.S. dollar remains the best currency for investors seeking to protect wealth.