The Bank of Japan has raised its interest rate 0.25%, thus ending its five-year policy of no interest.
London-based investment manager ICP is looking to raise £100 million (US$184 million) in an initial public offering.
As the result of an amended complaint, Merrill Lynch now faces a class action over alleged race discrimination.
Pirate Capital has filed to launch an initial public offering to raise $100 million for Doubloon Corp., a “blank check” company that will use the funds to buy a financial services firm or hedge fund.
All nine of Boston-based John W. Henry’s programs that are still open to investors dropped, with worst performers being its dollar program off 17.1% and global diversified falling 16.5%
Marco Coleman of football’s Denver Broncos has withdrawn from a lawsuit filed by seven current and former players against the National Football League and the player’s union for approving Kirk Wright’s International Management Associates as fund manager. No reason was cited.
Greenwich, Conn., hedge fund manager Phil Maymin reportedly is close to having enough signatures to run as a Libertarian candidate in Connecticut’s 4th Congressional District.
Arizona’s Desert States UFCW pension fund has selected GAM to handle a $25 million portable alpha mandate.
Former PIMCO Chairman Stephen Treadway has been found guilty of market timing activity on behalf of hedge fund Canary Capital Partners.
Private equity funds in Asia grew by nearly 25% to $138.5 billion in the first half of the year over 2005, according to the Asian Venture Capital Journal.
The Illinois State Board of Investment says it plans to commit $150 million in each of the next three years to private equity, and is currently looking for investments. Franklin Park Associates has been hired as a consultant.
denotes premium content
