Martin Currie’s Catechis Hires Emerging-Markets Team From Scottish Widows Scottish Widows Investment Partnership, one of Edinburgh’s two largest fund companies, lost its emerging-markets team to a smaller rival in the city.
Citadel’s Griffin Presses Ahead With Investment Bank After CEO Departure Ken Griffin vowed to press ahead with his plan to graft an investment bank onto his $12 billion hedge- fund firm even though he hasn’t been able to find the right executive to run the business.
Cree’s LEDs and Ormat’s Geothermal Power Lift Pictet Clean Energy Fund 30% Ask Pictet Clean Energy Fund manager Philippe de Weck where he finds investment value in a world more concerned about the economic recession than reducing emissions and the short answer is in technology pioneers.
Interactive Data Buyout Said to Be Backed By About $2 Billion of Financing Silver Lake and Warburg Pincus LLC will borrow about $2 billion to back their $3.4 billion purchase of Interactive Data Corp., according to people familiar with the discussions.
SEC Needs Short-Seller Tip Line for Fraud Detection, Investor Ackman Says U.S. securities regulators should create a public system where investors can submit their reasons for buying or short selling a given stock, giving the government access to information that might tip investigators off to potentially fraudulent companies, Bill Ackman said.
Mortgage Bond Yield Spreads Climb to Widest in Five Months: Credit Markets Yields on Fannie Mae and Freddie Mac mortgage securities that guide U.S. home-loan rates climbed to the highest in five months relative to Treasuries as Europe’s worsening government finances lead investors to shun all but the safest assets.
S&P Says Asia Is Haven From Greek Contagion, Boosting Prospects for Bonds Asia’s government bonds may be poised to benefit from low debt levels and expanding economies, in contrast to developed nations whose weaknesses have been exposed by the Greek debt crisis, according to Standard & Poor’s.
Geithner Overcomes Bailout Taint Selling Wall Street Makeover to Americans U.S. Treasury Secretary Timothy F. Geithner stepped onto a stage last week in Milwaukee, where unemployment is about 12 percent, and told 200 cheering college students that “it is excellent to be away from Washington.”