Funds
Texas Pension Fund Plans $200 Million Investment in Private Equity in Asia Teacher Retirement System of Texas,
the seventh-largest U.S. public pension fund, will invest $200
million in private equity in Asia, whose economies are leading
the world out of a recession.
Bills Yielding Zero as Stocks Soar Give Investors Bernanke Moment of 1938 For the first time in seven decades,
Treasury bills are paying no interest while stocks continue to
appreciate -- a divergence in U.S. financial markets that might
be perilous if Federal Reserve Chairman Ben S. Bernanke didn’t
know all about 1938.
Sands China Raises $2.5 Billion in Initial Offering at Bottom End of Range Sands China Ltd. and its parent, the
casino company controlled by billionaire Sheldon Adelson, raised
HK$19.4 billion ($2.5 billion) in a Hong Kong initial public
offering conducted at the bottom of the marketed range.
Nomos Capital's Lowe Says He Sent Explicit Latin Poem to Woman as a Joke Nomos Capital Partners Ltd. founder
Mark Lowe said he sent a “robust” quotation of a Roman poet
to a woman seeking help finding a job as a light-hearted joke.
Ex-Millennium Manager Tan Plans to Start Commodity Hedge Fund in Singapore Tan Tien Leong, the former fund
manager at Millennium Capital Partners LP, plans to start a
commodity hedge fund in January.
Caterpillar Beating Komatsu as Dow Industrials Soar on Dollar Index Drop For the first time since the equity
rally began in March, the biggest U.S. stocks are beating the
smallest as the dollar’s descent sends investors to companies
with the most business in international markets.
British Would-Be Borrowers Resist Approved Bank Credit as Loan Demand Dips A year ago, as Britain’s property
market began to collapse, housebuilder Persimmon Plc owed 960
million pounds ($1.6 billion). Today, Chief Financial Officer
Michael Killoran has slashed that debt by 58 percent.
Minsheng to Start Trading This Week as Sands China IPO Prices at Low End China Minsheng Banking Corp., the
nation’s first privately owned lender, will begin trading this
week in Hong Kong after raising HK$30.1 billion ($3.9 billion)
in the territory’s biggest public share sale since April 2007.
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