Philip Chua Business Blog

Posts Tagged ‘manager’

(SINGAPORE) Distressed selling may be a thing of the past, but prospects in the secondary private equity (PE) market are definitely looking up, says Paul Capital, a global alternative investment manager with US$6.6 billion in assets under management.

‘Whether it is fundraising activity, investor interests or exits, we see encouraging signs on all three fronts,’ the company’s regional head, Lucie… more

Raj Rajaratnam of the Galleon Group and Danielle Chiesie, an ex-Bear Stearns manager, are accused of operating at the center of a vast insider trading ring.

Instead they appointed Temasek unit ST Asset Management – a move backed by the independent directors – in a bid to revive the company’s flagging fortunes.

The move had been opposed by the previous manager, a unit of collapsed Australian investment bank Babcock & Brown, which fell victim to the financial crisis.

Babcock, the firm’s No. 1 shareholder with a 13.8 per cent stake, is in liquidat… more

Reuters – The real estate investment manager who led the California Public Employees’ Retirement System, the nation’s largest pension fund, into a money-losing land venture has resigned as an adviser to the fund, a spokeswoman for MacFarlane Partners said on Saturday.

THE independent directors of a Singapore-listed investment fund – Global Investments – are embroiled in a dispute with the company’s biggest shareholder over the appointment of a fund manager to run its business.
Its previous fund manager fell victim to the global financial crisis last year. Global Investments announced last month that it wanted to hand over the job to ST Asset Management – a fund… more

AFP – Sri Lankan traders reacted with shock at the weekend to US fraud charges laid against a billionaire Sri Lankan-born hedge fund manager who had big interests in the island’s stock market.

Reuters – A lawyer for former Bear Stearns hedge fund manager Ralph Cioffi on Wednesday vigorously defended him against prosecution allegations he repeatedly lied to investors early in the financial crisis, describing as “ridiculous” one charge of insider trading.

BusinessWeek – Financial-services stocks have come roaring back since their collapse last fall. Are the gains sustainable? For insight on smart ways to play such stocks now, Personal Finance editor Lauren Young spoke with Anton Schutz, manager of the top-ranked Burnham Financial Services Fund, which delivered an annualized gain of 14.3% over the past decade.

LANDMARK legal action by the authorities against a prominent Singapore fund manager who handles more than US$1 billion (S$1.4 billion) of assets got under way in the High Court yesterday.
The Government of Singapore Investment Corporation (GIC) is among the manager’s major clients.
Dr Tan Chong Koay, one of Singapore’s pioneering boutique fund managers, is founder and chief executive of the Singap… more

Reuters – Hedge fund manager John Paulson, who bet against financial companies after foreseeing the credit crisis, has been buying Citigroup Inc shares over the past few weeks, the New York Post reported, citing sources.