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US gasoline demand 'to hit record high this summer'The United States will probably consume a record amount of gasoline in 2016, passing the previous peak set in 2007, and the prospect is helping lift crude oil prices, according to an expert. Recent data indicates the country is on More… |
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Global shadow banking hits $67 trillionThe system of so-called "shadow banking," blamed by some for aggravating the global financial crisis, grew to a new high of $67 trillion globally last year, a top regulatory group said, calling for tighter control of More… |
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Investcorp H1 net profit plunges 90pcBahrain-based alternative investments specialist Investcorp said its net profit for the first half of fiscal year ended December 31, 2011 fell 90 per cent to $5.3 million from $56.2 million the year before hit by negative returns on hedg More… |
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Hedge funds brace for euro zone break-upNervous hedge funds managers are stress-testing their portfolios and searching for ways of protecting themselves against their worst nightmare -- a potential break-up of the euro zone, says a Reuters report. With talks on restructuring Gre More… |
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Ex-Goldman director Gupta arrestedRajat Gupta, a former Goldman Sachs Group director and former global head of McKinsey & Co, was arrested on Wednesday on criminal charges related to his hedge fund manager friend Raj Rajaratnam, the central figure in a US crackdown on insider More… |
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Hedge funds to pump $2bn into IT sectorHedge funds will be spending a whopping $2.09 billion on information technology (IT) sector this year, representing an average of approximately nine basis points of assets under management, according to a new survey. The 'Prime Finance More… |
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Soros dumped most gold in Q1Billionaire financier George Soros, who called gold "the ultimate bubble," dumped almost his entire $800 million stake in bullion in the first quarter, well before a commodities slump. Famed gold bull John Paulson held his ground, but Soro More… |
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Top funds dealt double-digit losses in oil routSeveral commodity hedge fund titans suffered double-digit losses last week as oil fell by a near-record $16, money managers who invest in the funds said. While some of the losses will likely be recovered after Monday's price rebound of nea More… |
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New EU rules may hit Asia hedge fund sectorHedge funds and private equity firms based in Asia face tough new rules on pay and leverage from a regulatory overhaul set to pass in Europe this week. The European Union's Alternative Investment Fund Managers Directive, More… |
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Dubai's Baer Capital eyes new PE fundIndia-focused Baer Capital Partners expects to raise around $300 million for a second private equity fund and plans its first exit by floating a power distribution company, its chief executive told Reuters. The Dubai-headquartered investme More… |
