Tag Archives: rough-price
Citigroup Purchases Wachovia, Reclaims Throne
New York (HedgeCo.Net) – Citigroup Inc. has purchased Wachovia’s banking operations at a price tag of $2.16 billion, or roughly $1 a share, after losses stemming from bad mortgages rendered a resurfacing nearly impossible. Citigroup will now have around 4,300 […]
Two equity firms buy Lehman’s money management unit
International Herald Tribune – Lehman Brothers said Monday that it would sell for $2.15 billion much of its money management business, including its prized Neuberger Berman asset management unit, to Bain Capital and Hellman & Friedman. The sale of the business, […]
LaSalle raises $3 billion Asia property fund
Reuters – LaSalle Investment Management has raised a $3 billion (1.64 billion pounds) "opportunity" fund for Asian property, saying it is interested in investing in Japan, China and South Korea. The fund management unit of property services firm Jones Lang […]
Fund manager DEGI buys $247 mln Polish business park
Reuters UK – DEGI, a fund management unit of Aberdeen Property Investors, has bought one of Warsaw’s biggest business parks for 167 million euros (135 million pounds) in a bid to boost its exposure to Poland’s fast-growing economy. The 43,700 […]
Is UBS Calling the End of Universal Banks?
The Money Times – Last year, I read an article in which David Herro outlined his rationale for owning shares of UBS in his Oakmark International fund. He focused on the value of its wealth management unit, which delivers stable […]
DIFC denies reports about involvement in Rashed Investment Bank
The DIFC has clarified its position on news reports that have recently appeared regarding ‘Rashed Investment Bank’ an Islamic investment bank which has been proposed to be set up in Dubai. The DIFC said that while it welcomes initiatives within […]
Bear Stearns Hedge Fund Managers getting indicted for starting credit crisis
India Daily- The Bear Stearns Hedge Fund Managers are getting indicted for starting the credit crisis. According to media sources, Federal prosecutors are preparing to file criminal charges against managers of two Bear Stearns Cos. hedge funds whose collapse helped […]
