Reuters – Franklin Templeton Investments, which manages $621 billion in assets, has bought 25 percent of Dubai’s Algebra Capital Ltd and wants to grow its business in Arab markets, it said on Tuesday. Franklin Templeton is a unit of Franklin […]

Worldnews.com=  Hedge funds in steel giant Arcelor asked a Dutch court on Wednesday to block the company’s 30 billion ($40 billion) takeover by Mittal Steel, saying that a revised share swap deal has cost them $205 million. “We are only […]

CNBC – Fire sales worth up to $43 billion could soon spark a flurry of opportunistic investment, according to a recent report from the Royal Bank of Scotland, as the ongoing squeeze in the commercialpaper market forces investment banks to […]

New York Post – The Labor Day weekend is over, the kids are back in school and Wall Street traders have returned to their desks, bracing themselves for a bumpy ride. But this year investors shouldn’t count on the “Santa […]

SHANGHAI (Reuters)- Fund managers and securities analysts have doubled their forecasts for Chinese firms’ profit growth in the second half of 2007 to 50 or 60 percent after China Inc posted spectacular earnings for the first half. The forecasts, based […]

Caymen Net News- Offshore status may not protect Cayman Islands-registered companies from litigation in the USA. The recent collapse of three Cayman-based hedge funds had fuelled fears that a 2005 amendment to the US Bankruptcy Regulations would prevent creditors of […]

Business Week- Technology stocks are enjoying an uncommon summer of love, as investors have been shifting money away from financial companies in light of the subprime and credit market troubles. “This year, tech stocks are outperforming pretty notably,” says Scott […]

Forbes- Barclays now has to grapple with both a buyout and a bailout. Midway through its gargantuan takeover bid for Dutch rival ABN Amro, the British bank said it is rescuing a hedge fund client with a $1.6 billion loan. […]

ABC Online- An influential global economist has warned the widening financial crisis could plunge the world into recession, as an Australian company becomes the latest victim of the market turmoil. The Sydney-based hedge fund Basis Yield Alpha, run by entrepreneurs […]

Financial Standard- Two of BNP Paribas’ re-opened fixed income funds have been spared the guillotine and emerged with minor scratches after the company announced official valuations yesterday. BNP’s funds defied expectations by returning smaller than expected losses, with the Euribor […]

SINGAPORE/HONG KONG (Reuters)- The Asia-Pacific’s hedge fund industry, long seen as less sophisticated than its U.S. and European peers, is about to find out its focus on equities rather than complicated debt instruments may be its saving grace. Even though […]

LONDON (Reuters)- Cheyne Finance, a structured investment vehicle (SIV) managed by hedge fund Cheyne Capital Management, said on Wednesday it was seeking to restructure after the value of its investments fell enough to force it to start selling assets. Standard […]