Brevan Howard Said to Add Morgan Stanley’s Khan in Fourth Hire From Bank Brevan Howard Asset Management LLP hired Morgan Stanley mortgage trader Ahsim Khan, at least the fourth person since September to join Europe’s largest hedge- fund firm from the New York bank, said two people with knowledge of the move.
Hedge Funds Said to Get U.S. Demand to Retain Records of Bets Against Euro The U.S. is asking hedge funds not to destroy trading records on euro bets, according to a person with knowledge of the requests, as Europe and the U.S. step up scrutiny of the funds’ role in the Greek debt crisis.
Ex-Galleon Manager Pollock Plans to Start Stock Hedge Fund at CastleBay Justin Pollock, a former portfolio manager at Galleon Group, and three others he worked with in Singapore at the U.S. firm that closed, joined CastleBay Capital Management Pte and will start an Asian equity hedge fund.
Lions Gate May Seek Safe Haven From Icahn by Exiting Canada, Filing Says Lions Gate Entertainment Corp., faced with a yearlong effort by activist investor Carl Icahn to increase his stake, may seek refuge by moving the film studio’s place of incorporation to the U.S. from Canada.
RiverSource Mid Cap Beats 97% of Peers as Schonberg Staggers Investment John Schonberg takes diversification a step further than most equity investors. The manager of the $732 million RiverSource Mid Cap Growth Fund not only holds a mix of many stocks; he also diversifies the assets’ time horizons.
General Growth Properties Biased Toward Brookfield Proposal, Creditors Say General Growth Properties Inc. may be prejudiced in favor of a risky bid from Brookfield Asset Management Inc. because of that company’s agreement with William Ackman’s Pershing Square Capital Management LP, creditors said in court documents.
Battle Against `New Normal’ Drives Companies to M&A, BlackRock’s Doll Says Companies grappling with disappointing economic growth will use takeovers this year to try to improve their earnings prospects, said Bob Doll, BlackRock Inc.’s vice chairman and chief investment officer for global equities.
Mexican Billionaire Slim’s Carso Starts Energy, Health Investment Fund Mexican billionaire Carlos Slim’s holding company, Grupo Carso SAB, started a 3.5 billion peso ($274 million) fund to invest in energy and health-care companies.
Japan’s Property Trusts to Accelerate Takeovers, Prospect’s Freeze Says Japan’s real estate investment trusts will accelerate takeovers in the $32 billion industry as banks pressure them to consolidate amid a tighter credit market and falling property prices, said Curtis Freeze, who agreed to sell his REIT to a unit of Oaktree Capital Management LLC.
Consumer-Stock Rally May Help S&P 500 Extend Advance: Technical Analysis The rally in U.S. consumer stocks indicates the Standard & Poor’s 500 Index has the momentum needed to surpass the 15-month high it reached in January, Oppenheimer & Co.’s Carter Worth said.