According to analysts, the Ackman hedge fund and FedEx rumors are false. Rumors of Bill Ackman, a hedge fund operator, supposedly raising money to buy shares in FedEx were false, say analysts.
Finance/Venture
SEC implements JOBS Act
The US Securities and Exchange Commission, hoping for increased investor mobility, voted for the implementation of the JOBS Act.
Palatine gets GBP 150million financing
Palatine secures GBP 150 million funding after the close of its second fund. Manchester-based Palatine Private Equity secured funding amounting to GBP 150 million, 55% of which were commitments from overseas investors at the close of its second fund.
India's slowing down results in lack of investment opportunities-Bain Capital
According to Bain Capital, India's slowing down resulted in lack of investment opportunities. "India is slowing down," says Nikhil Raghavan, a principal at Bain Capital LLC.
Fitch affirms Bahrain's ratings
Fitch affirmed Bahrain's credit ratings. The credit rating firm Fitch Ratings has affirmed Bahrain's credit ratings. These ratings were 'BBB' for its long-term foreign currency Issuer Default Rating (IDR) and 'BBB+' local currency IDR.
Latest News
Miravast Asset Management announced the closing of a US$60 million life insurance portfolio acquisition
Four state owned banks in China aggressively extended Yuan loans that were unusually large causing alarm among regulators who were trying to strangle distorted credit growth.
Today, Security One Federal Union and Texas Trust Credit Union announced that it has filed intended merger subjected to regulatory and member approval.
Last Wednesday, US regulators lifted a long time ban on advertising by hedge funds and other firms. On Wednesday, US regulators lifted an 80 year old ban on advertising by hedge funds, private equity firms and other companies.
In order to manage a currency crisis, selling off foreign currency to mop up local currency averts a long term crisis.
The People's Bank of China has released notice to require banks and companies to use the yuan in their international transactions.
Dyal Capital acquired a passive minority interest in Dyal Capital. Dyal Capital Partners and Waterfall Asset Management said on Wednesday that Dyal Capital decided to buy a passive minority interest in Waterfall Asset Management from M.
Investors retracted US$13.9 billion from equity mutual funds invested in Brazil, Russia, India and China.
ING Group will exit its South Korea-based investment management business to acquire Australia's Macquire.
