Asset Management
Rajaratnam's brother charged in Wall St insider case
Mar 21, 2013 16:31 EDT
US prosecutors unveiled insider trading charges Thursday against the brother of disgraced hedge fund manager Raj Rajaratnam in the latest chapter of a giant Wall Street fraud investigation.
SAC hedge funds fined $614 mn for insider trades
Mar 15, 2013 19:17 EDT
The SEC announced insider trading fines of more than $614 million Friday for affiliates of billionaire Steven A. Cohen's SAC Capital Advisers, dealing another blow to the embattled hedge fund titan.
SEC fines SAC unit $600 mn over insider trades
Mar 15, 2013 14:53 EDT
The SEC announced Friday it was fining a unit of the hedge fund SAC Capital Advisors more than $600 million over insider trades that netted hundreds of millions of dollars in illicit profits.
US court tells Argentina to spell out bond offer
Mar 01, 2013 19:14 EST
A US appeals court in New York has told Argentina to spell out its offer to settle a suit by holders of defaulted bonds that Buenos Aires brands "vultures," court documents showed Friday.
Defending champ Haas heats up at Riviera
Feb 16, 2013 18:47 EST
Defending champion Bill Haas fired a seven-under par 64 on Saturday to seize a three-stroke lead after the third round at the $6.6 million US PGA Tour Northern Trust Open.
Donald set to launch season at Riviera
Feb 13, 2013 23:03 EST
World number three Luke Donald will launch his 2013 campaign at Riviera Country Club on Thursday, one of a handful of elite golfers who will start their seasons at the US PGA Tour Northern Trust Open.
Donald set to launch season
Feb 13, 2013 23:02 EST
World number three Luke Donald will launch his 2013 campaign at Riviera Country Club on Thursday, one of a handful of elite golfers who will start their seasons at the US PGA Tour Northern Trust Open.
US backs Argentina in debt restructuring case
Dec 29, 2012 12:24 EST
The US gave strong support to Argentina on Friday in the Latin American country's legal battle with hedge funds over the repayment of $1.3 billion to holders of defaulted bonds.
Dexia to sell asset business to Hong Kong-based GCS Capital
Dec 12, 2012 19:00 EST
Failed Belgian-French bank Dexia has signed an agreement to sell its asset management business to Hong Kong-based GCS Capital, the bank said on Wednesday.
Argentina to pay back $3.5 bn in debt this week
Dec 12, 2012 15:59 EST
Argentina this week will pay back $3.5 billion in debt stemming from a bond issued as a result of a debt restructuring, President Cristina Kirchner said.
US court gives Argentina new break on debt payment
Dec 05, 2012 05:38 EST
A New York appeals court has rejected a motion by hedge funds to force Argentina to make a security deposit as Buenos Aires seeks to overturn an order that it repay $1.3 billion to holders of defaulted bonds.
Olam-Muddy Waters tiff heats up
Nov 30, 2012 06:28 EST
Farm commodities trader Olam's chief executive on Friday bought one million shares in the firm to boost shareholder confidence amid a withering attack from influential US short-seller Muddy Waters.
Muddy Waters threatens to counter-sue Olam
Nov 30, 2012 01:15 EST
US-based short-seller Muddy Waters threatened to counter-sue farm commodities trader Olam and its chief executive for defamation as a war of words between the companies escalated.
US court sets stay on Argentina debt payment
Nov 29, 2012 05:08 EST
A New York appeals court placed a stay on a lower court's order that Argentina must repay $1.3 billion to holders of long-defaulted bonds.
US court sets stay on Argentina debt payment
Nov 28, 2012 20:37 EST
A New York appeals court placed a stay on a lower court's order that Argentina must repay $1.3 billion to holders of long-defaulted bonds.
Greece says bond buyback plan to begin next week
Nov 28, 2012 19:46 EST
Greece will launch a bond buyback programme agreed with EU and IMF creditors "early next week", Greek Finance Minister Yannis Stournaras said on Wednesday.
US SEC chief Schapiro to step down
Nov 26, 2012 16:11 EST
US Securities and Exchange Commission chief Mary Schapiro announced Monday that she will step down, nearly four years after taking charge of the key markets regulator in the middle of the financial crisis.
SEC ties SAC hedge funds to $276 mn insider case
Nov 20, 2012 15:15 EST
US market regulators implicated star hedge fund group SAC Capital Tuesday in what they called a record insider trading case that earned beneficiaries $276 million from privileged knowledge of drug test results.
Asia's top literary award looking for new sponsor
Oct 17, 2012 12:59 EDT
The organisers of Asia's most prestigious prize for literature said Thursday they were looking for a new sponsor after the Man Group announced it was ending its funding for the prize after six years.
Australia's Nine Entertainment dodges default
Oct 17, 2012 05:49 EDT
Struggling Australian media empire Nine Entertainment fell into the hands of US hedge funds Wednesday as part of a last-ditch deal over its Aus$3.3 billion (US$3.4 billion) debt.
