Man Group Said to Be in Talks With SAC, GLG in Search for U.S. Investments Man Group Plc, the biggest publicly traded hedge-fund manager, is scouting investments, acquisitions and distribution deals in the U.S. and has spoken with firms including SAC Capital Advisors LLP and GLG Partners Inc., according to two people with knowledge of the discussions.
York Capital May Double Employees on Asian Hedge Fund Team to Match London York Capital Management LLC., which manages $13 billion, may double its staff in Asia as the market for funds trading securities affected by corporate changes such as mergers, reorganization and spinoffs in the region is set to eclipse its European peer in the coming decade.
Zale U.S. Jewelry Chain’s List of Bidders Said to Include TPG, Sun Capital TPG, the private-equity firm run by David Bonderman and James Coulter, and Sun Capital Partners Inc. are among a smaller pool of bidders for a stake in Zale Corp., three people familiar with the negotiations said.
Pimco’s Kiesel Buys Bonds Wishing `Next Life’ as JPMorgan: Credit Markets Pacific Investment Management Co., the manager of the world’s biggest bond fund, says bank securities are the best investments in credit markets.
Cerberus Buys Catholic Hospital Operator Caritas Christi for $830 Million Cerberus Capital Management LP agreed to acquire Caritas Christi Health Care, a hospital operator affiliated with the Archdiocese of Boston, in a private-equity deal valued at $830 million.
FSA Insider Investigation Said to Focus on Front-Running of Block Trades Britain’s financial regulator is examining whether some of the seven people arrested in an insider-trading probe engaged in the front-running of block trades, a person with direct knowledge of the case said.
Appaloosa Short Sales on Wells Fargo Before Secondary Offer Face SEC Probe The U.S. Securities and Exchange Commission is probing Appaloosa Management LP, the hedge fund run by David Tepper, for betting against Wells Fargo & Co.’s stock before participating in its secondary offering.
Japan Lures Foreigners to Purchase Bonds With Buybacks: Chart of the Day Japanese bond-buying by foreigners rose to the highest since August 2008 last month amid expectations the Bank of Japan will repurchase more debt to stoke the economy, according to Credit Agricole CIB.
Dubai World to Get $9.5 Billion of Government Funding to Restructure Debt Dubai will support Dubai World’s debt restructuring with $9.5 billion as the state-owned holding company asks creditors to wait up to eight years to get all their money back.
Moore Trader Rifat Made Morgan Stanley List of Top Investors Before Arrest Julian Rifat, the Moore Capital Management LLC employee arrested as part of the U.K.’s largest crackdown on insider trading, is a former track star who made a Morgan Stanley list of high-powered equity investors.