Funds
KKR Files to List $2.2 Billion of Its Shares on NYSE, Broadening Ownership KKR & Co., the private-equity firm
run by Henry Kravis and George Roberts, filed to list its shares
on the New York Stock Exchange, bringing it closer to completing
a two-year attempt to go public in the U.S.
Retail Buyouts Returning in `Goldilocks' Market After Credit Freeze Thawed Private-equity firms looking to buy
retail and consumer companies said they’re now able to finance
deals and pay reasonable prices after the credit crisis and
global recession triggered a buyout slump.
Cheyne Capital Bets on U.K. Property Rally With Lower-Rated Mortgage Debt Cheyne Capital Management (U.K.)
LLP, a hedge fund firm which oversees $5.5 billion, is betting
on an improvement in Britain’s real estate market.
North Korean Bad Loan Bonds Due Today Spur Exotix Bet on Political Change North Korean bank loans, in default
since the 1970s, present an opportunity for investors willing to
speculate the communist country will seek to end its political
isolation and honor its debts, according to Exotix Ltd.
Lehman Misled Investors on Leverage, Fuld Was `Negligent,' Examiner Says Lehman Brothers Holdings Inc. used
off-balance-sheet transactions to understate its leverage in
late 2007 and 2008, deceiving shareholders about its ability to
withstand losses, a bankruptcy examiner’s report said.
Dubai World Seeks to Separate `Good' Businesses From Underperforming Ones Dubai World, the state-owned
holding company restructuring $26 billion in debt, is seeking to
separate “good” businesses from underperforming assets as part
of its restructuring plan, the head of the city’s airline said.
Lyondell Will Pursue $3.25 Billion of Debt Financing After Bankruptcy Exit Lyondell Chemical Co. plans to
raise $6.05 billion in bonds, loans and equity to repay debt
after it emerges from bankruptcy protection.
CIC Sees Opportunity for Private Equity Investment as Firms Undervalued China’s $300 billion sovereign
wealth fund sees a “good opportunity” to boost private-equity
investments this year, as companies are undervalued after losses
from the global financial crisis.
Junk Bonds Beating Investment Grade as TXU, Freescale Soar: Credit Markets High-yield, high-risk bonds are
beating investment-grade debt for the first time this year as
confidence in the U.S. economic recovery gains strength.
RBS Told to Pay Trader Scott Cousins Fired for Sending Confidential E-Mail Royal Bank of Scotland Group Plc
was ordered by Singapore’s High Court to pay Scott Cousins, its
former chief trader, S$455,085.39 ($325,922) plus interest,
after ruling he did not breach a severance agreement.
Easing China `Fear' Gauges Signal Bullish Outlook for Nation's Equities Chinese stocks may rise as a gauge
of implied volatility shows the spread between China and U.S.
shares keeping near a three-year low, according to Macro Risk
Advisors LLC, which advises institutions on equity derivatives.
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