Funds
Abu Dhabi Commercial Bank Is Said to Be Owed $1.9 Billion by Dubai World Abu Dhabi Commercial Bank PJSC may be
owed $1.9 billion by Dubai World, making it the largest creditor
outside the emirate to the state company seeking to reschedule
debt, said two people familiar with the companies.
Sparx Group Aims to Raise as Much as $230 Million for Environmental Fund Sparx Group Co., Asia’s biggest
hedge-fund company, plans to raise 20 billion yen ($230 million)
for a fund aimed at investing in Japanese environmental
technology firms as mandates to cut carbon emissions spur demand.
Sarkozy Wins Bid to Install Ally Barnier as EU's Financial-Services Chief French President Nicolas Sarkozy won
his bid to install an ally as the European Commission’s next
financial-services regulator, fueling British concern that
traders and hedge funds will face stricter rules.
Hanwha Investment Raises Longer-Term Korean Bond Holdings on Economy Woes Hanwha Investment Trust Management
Co., South Korea’s second-largest bond fund manager, is buying
longer-dated debt as the nation’s economy still faces risks, the
chief investment officer of the fixed-income group said.
Mobius Says Dubai Debt Concern May Trigger Emerging-Markets `Correction' Templeton Asset Management Ltd.’s
Mark Mobius said Dubai’s attempt to reschedule debt may cause a
“correction” in emerging markets, compounded by Vietnam’s
currency devaluation and an “avalanche” of initial share sales.
China's First 50-Year Bonds Will Attract Life Insurers, Shenyin Predicts China’s 20 billion yuan ($2.9
billion) sale of 50-year treasury debt today, its first ever,
will attract life insurers because the yield will probably be at
least 4.4 percent, said Shenyin Wanguo Securities Co.
Credit-Default Swap Reforms Roiled as Aiful, Cemex, Thomson Test Payments Wall Street’s system for determining
payments on derivatives linked to the debt of defaulted
companies is showing cracks less than a year after securities
firms changed practices to avoid “Draconian” regulation.
Hinde Capital Fund Cuts Gold Investment to Minimum Level on Dubai, Dollar Hinde Capital Ltd., the London-based
hedge-fund firm investing in gold, reduced its fund’s investment
in the precious metal to 50 percent, the minimum weighting, from
125 percent previously.
Dubai Shows Limits of Government Bailouts for Markets, Roubini's Das Says The worldwide decline in equities
spurred by Dubai’s efforts to reschedule its debt is a sign that
government spending alone won’t be enough to protect financial
markets, according to Arnab Das of Roubini Global Economics.
Mobius Says Vietnam Dong, Stocks to Extend Declines on a `Surge of Fear' Vietnam’s dong may decline a further
10 percent on the black market as this week’s devaluation erodes
confidence in the currency, sending the nation’s stocks to the
biggest correction in Asia, Mark Mobius said.
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