Soros Says Greece’s Fiscal Crisis Is `Make or Break Time’ for Euro Region Billionaire investor George Soros said the Greek debt crisis poses a test for European officials to prove they can hold the euro region together.
Oregon Is Said to Discuss Placing $100 Million in Blackstone Buyout Fund The Oregon State Treasury, which oversees $68 billion including the state’s retirement plan, is in talks to commit at least $100 million to a buyout fund run by Blackstone Group LP, according to two people with direct knowledge of the plans.
Citadel Bond Chief Begle to Depart at 38, Be Replaced by Garino, Grossman Brad Begle, who ran convertible bonds at Citadel Investment Group LLC, is leaving Kenneth Griffin’s $12.5 billion hedge-fund firm at the end of the month.
Cowdery’s Quick-Flip Plan for U.K. Insurers Complicated by Surge in Prices Clive Cowdery made a personal fortune of 100 million pounds ($153 million) in five years buying and selling British insurers. His attempt to repeat that performance got a lot harder after the prices of potential targets doubled.
Fidelity’s Bolton Returns With $707 Million China Closed-End Stock Fund Fidelity International’s new China fund managed by Anthony Bolton will be the biggest emerging- markets stock fund to list in the U.K. in 20 years after raising 460 million pounds ($707 million).
Goldman, U.S. Banks Hid Risk by Cutting Debt Before Reporting, WSJ Says U.S. banks masked their true risk levels by temporarily lowering debt before reporting it, the Wall Street Journal said, citing data provided by the Federal Reserve Bank of New York.
Emerging-Market Equity Fund Inflows Surge to Six-Month High on Recovery Emerging-market equity funds attracted the most net inflows in six months amid a strengthening global economic recovery, EPFR Global said.
Apollo’s Metals USA Sells Shares Above Estimated Range in $240 Million IPO Metals USA Holdings Corp. dropped on the first day of trading after its initial public offering of $240 million in shares almost quadrupled the value of Apollo Global Management LLC’s investment in the metals processor.
Tele Columbus Said to Seek Sale to Limit GoldenTree, York Capital Losses The investment bank in control of Tele Columbus GmbH is trying to sell the German cable company for about 600 million euros ($804 million) to limit losses to its lenders, according to two people familiar with the situation.
Thai Protests Prompt First Foreign Outflows From Stock Market in Six Weeks Overseas investors sold more Thai stocks than they bought for the first time in more than six weeks as the declaration of emergency rule this week led to a plunge in share prices.