Investment Dar May Use Kuwaiti Law to Overcome Opposition to Restructuring Investment Dar. Co., the Kuwait- based owner of half of Aston Martin Lagonda Ltd., said it may take advantage of the country’s Financial Stability Law to implement a restructuring plan and won’t seek financial support.
KKR Names Weinstein, Zilkha, Falk, Sheldon to Asset-Management Positions KKR & Co., the private-equity firm started by Henry Kravis and George Roberts, named four executives to new positions in its asset-management unit as it continues to expand outside its specialty in buyouts.
TPG Turns to Loan Market for Payout After Debt Gains 64% From Low in 2008 Companies owned by private-equity firms including TPG and Oaktree Capital Management LP have taken out more bank loans that back dividends to their owners this year than in all of 2009.
Singapore Plans Greenwich-Style Hedge Fund Home in Nepal Hill Neighborhood Singapore is planning to create its own hedge-fund capital modeled after Greenwich, Connecticut, in a cluster of ex-British army homes called Nepal Hill, a 15- minute cab-ride from the city-state’s main banking district.
BlackRock’s Doll Says China Has No Stock Bubble; Market to Gain This Year China’s stocks aren’t a bubble and will gain by the end of the year as the government takes measures to prevent the economy from overheating, said Bob Doll, BlackRock Inc.’s chief investment officer for global equities.
Evercore Buys 49% of Atalanta Sosnoff to Expand Fund-Management Business Evercore Partners Inc. agreed to buy 49 percent of money-management firm Atalanta Sosnoff Capital LLC for as much as $83.3 million as it seeks to reduce its reliance on revenue from takeover and restructuring advice.
Norway’s Sovereign Wealth Fund Added Record 26% in 2009 as Markets Rallied Norway’s sovereign wealth fund, the world’s second largest, said the value of its investments rose a record 26 percent last year as markets rebounded.
KKR Fund Tripped Up as Infrastructure Challenges Private-Equity Newcomers KKR & Co. set high expectations in 2008 when it formed a group to invest in toll roads, ports and pipelines. It aimed to raise as much as $4 billion and hired George Bilicic, the Lazard Ltd. banker on the firm’s record buyout of power producer TXU Corp., to lead the effort.
Latin America M&A Jumps in Best Start Since 2000 as Brazil, Mexico Recover Takeovers in Latin America are off to the best start in at least a decade, bucking a global slump, as economic recoveries in Brazil and Mexico spur consolidation in the telecommunications, food and commodities industries.
Pictet Sees `Brand’ Hedge Fund Appeal, Aims to Double Total Fund Assets Pictet & Cie., Geneva’s biggest private bank, said now is “good time” to invest in “brand” hedge funds, which have become attractive in the wake of the financial crisis.
ICAP Said to Weigh Equity Unit Closure, State Street Tie in Spencer Review ICAP Plc, the world’s largest broker of transactions between banks, may shutter its cash equities business unless it finds a partner or buyer for the unit, according to people familiar with the situation.