Funds
Morgan Stanley Wins 30 Asia-Pacific Prime Brokerage Mandates Amid Recovery Morgan Stanley, Asia-Pacific’s
second-largest prime broker, picked up more than 30 new mandates
to provide services including clearing trades, securities and
cash lending to hedge funds in the region this year.
Raj Rajaratnam Said to Keep Personal Investments in Sri Lanka Amid Probe Raj Rajaratnam, the biggest investor
in Sri Lanka’s stock market, has no immediate plans to sell
holdings in the south Asian nation after insider-trading charges
in the U.S., a person familiar with the matter said.
Berkshire's Reduced Burlington Breakup Fee Shows Buffett Confident in Dea Berkshire Hathaway Inc., the holding
company that agreed to buy Burlington Northern Santa Fe Corp.,
accepted a lower-than-usual breakup fee in a sign Warren Buffett
expects to complete his biggest takeover.
Buffett Railroad Takeover Reduces Successor's Need for `Amazing Insight' Warren Buffett’s takeover of
Burlington Northern Santa Fe Corp. may reduce his successor’s
need for “amazing insight” to lead Berkshire Hathaway Inc.
Asian Hedge-Fund Assets Rose to $73.7 Billion in Third Quarter, HFR Says Asian hedge-fund assets increased to
$73.7 billion in the third quarter, helped by the first net
inflow of capital in more than a year, according to a report by
Hedge Funds Research Inc.
IPOs Unravel as Aviv Follows AEI in Pulling Sales Amid Record Low Returns Aviv REIT Inc. became the second
company in less than a week to postpone its U.S. initial public
offering as the busiest period for new listings in two years
leaves investors with the worst returns on record.
Roubini Plans to Hire 17 to Bolster Advisory Firm's Market-Strategy Group Roubini Global Economics, Nouriel
Roubini’s research and advisory firm, plans to hire about 17
people to expand a new team that advises investors on stocks,
bonds, interest-rate products, commodities and currencies.
Och-Ziff Beats Analyst Estimates on Market Rebound, Increase in Assets Och-Ziff Capital Management Group
LLC, the New York-based firm headed by Daniel Och, reported a
third-quarter profit that was twice what analysts expected as
compensation costs fell and the market rebound boosted assets.
Bear Fund Managers Cioffi, Tannin Rest Case, Won't Testify at Fraud Trial Former Bear Stearns Cos. hedge-fund
managers Ralph Cioffi and Matthew Tannin rested their cases and
won’t testify in their defense at their fraud trial, their
lawyers told a federal judge.
Splitting Berkshire's B Stock 50-1 Will Boost Stake of `Inferior' Owners Berkshire Hathaway Inc.’s planned 50-
for-1 stock split will put its Class B shares within reach of
investors Warren Buffett once called an “inferior” class.