Hedge-Fund Managers `Keen for Clarity’ on Upcoming Singapore Regulation Hedge-fund managers are “keen for clarity” on what Singapore’s regulator will do to increase oversight of the industry, said Han Ming Ho, who heads the funds practice group in the city state at Clifford Chance.

SAC’s Cohen Trades Secrecy for Golf With Investors Enticed by 30% Returns In late January, billionaire Steven A. Cohen hosted a golf outing for two dozen people at the Bear Lakes Country Club in West Palm Beach, Florida.

Hedge-Fund Assets Held Offshore May Be Exempted From U.S. Reporting Rule U.S. investors don’t have to report large holdings in offshore hedge funds and private-equity firms this year under disclosure rules designed to detect offshore tax evasion and money laundering, the Internal Revenue Service said.

Allianz Flight From Stocks Leads It to Chicago Parking Meters, Wind Farms Allianz SE, Europe’s biggest insurer, is putting more money into investments ranging from wind parks in northern France to parking meters in Chicago as it cuts stock holdings in a search for predictable returns.

Hartford, Manulife’s John Hancock See Decline in Variable-Annuity Revenue Hartford Financial Services Group Inc. and Manulife Financial Corp.’s John Hancock unit are among life insurers with falling revenue from variable annuities as companies boost prices on the equity-linked retirement products.

Star Fund Manager Goes From Gold to Manure as He Remakes His Life in U.K. Graham Birch was the best natural- resource stock picker in Britain for a decade. Now most of the stock he owns has four legs and a tail.

Banks Face Stricter EU Capital Rules to Guard on Credit Derivatives Risks Banks may have to put aside more money to guard against risks arising from credit derivatives and also face limits to the amount of debt they can hold relative to assets under proposals to overhaul capital requirements in the European Union.

Grantham’s `Horrifically Early’ Forecasts Are Challenge for GMO, Followers Jeremy Grantham warned in January 2000 that U.S. equities were “more overpriced than at any time in the last 70 years due to the massive overpricing of technology and especially dot-com stocks.”

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