Fund manager John Paulson lost 65% worth of its gold fund this year after the portfolio fell by 23% last June.
Sectors
Gagfah offers 40 million shares to raise capital
Gagfah will be offering 40 million shares to raise capital. Gagfah, a German real estate group, announced last Tuesday that it will be offering 40 million shares to raise capital.
Calpers delays database launching
Calpers, a US $259 billion fund, delays the launching of its database that would make known information about their pensioners.
Financial benchmark reform might fall short on implementation
A global blueprint that was supposed to eradicate manipulation of benchmarks was expected to stumble due to patchy implementation.
Risk council designates AIG and GE Capital as systematically important
The Financial Stability Oversight Council designated American International Group and GE Capital as systemically important to the financial system.
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US venture firm fundraising activity decreased 54% in the second quarter this year. There was a decline of 54% in fundraising by US venture-capital firms in the second quarter.
ECB's executive board member said that the bank's interest rates would remain the same as long as inflation stays moderate.
According to data from Reuters, adviser departures in 2013 were lower than 2012. There were about 200 teams of veteran advisers who moved so far this year until the end of June.
India's commerce and industry minister, Anand Sharma, said that India was ready to begin talks regarding bilateral investment treaty.
Leaps's average 1,320 contracts per day climbed to 7,139 contracts which raised questions from options analytics.
Merrill Lynch offices in New York and Washington D.C. hired advisers from rival, Morgan Stanley. Bank of America Corp's Merrill Lynch hired veteran brokers from its rival, Morgan Stanley Wealth Management.
According to Michael Steinberg's lawyers, his trial might be biased due to the wall-to-wall media coverage.
JPMorgan Chase & Co. and Wells Fargo & Co., lost US$6.5 billion in combined equity that threatened levels of capital across the industry.
Bangladesh dubbed as king in the knitwear manufacturing and exporting industry. Bangladesh is dubbed as the hero in the knitwear manufacturing and exporting industry.
