Asset Management

  • May 27, 2014

    Gov't Urges High Court To Reject Madoff Trustee Suit

    The federal government weighed in Friday on the bid of the liquidation trustee for Bernard Madoff's investment group to pursue billions of dollars from HSBC Bank PLC and other banks he alleges facilitated Madoff's Ponzi scheme, urging the U.S. Supreme Court not to take the case.

  • May 27, 2014

    Delaware Bankruptcy Judge Peter J. Walsh To Retire

    Judge Peter J. Walsh of the U.S. Bankruptcy Court in Wilmington, who has stewarded bankruptcy proceedings in the most corporation-dense state in the country since October 1993, will retire effective Jan. 1, according to a Tuesday statement from the court.

  • May 27, 2014

    Allergan Rips Valeant's Biz Model As Heftier Bid Looms

    Allergan Inc. on Tuesday attacked Valeant Pharmaceuticals International Inc.'s management and business strategy, criticism that adds to ongoing discord between the companies and comes just one day before Valeant and activist investor Bill Ackman plan to beef up their $46 billion bid for the Botox maker.

  • May 27, 2014

    KKR Puts Up $1.1B To Buy Singaporean Packaging Co.

    Private equity powerhouse KKR & Co. will snap up Singapore's Goodpack Ltd. in one of the biggest Asian deals so far this year, the companies announced Tuesday.

  • May 27, 2014

    Fidelity May Put Up $500M For $5.4B Energy Futures Loan

    Fidelity Investments may put $500 million toward a $5.4 billion loan aimed at funding Energy Future Holdings Corp.'s restructuring plan, and Pacific Investment Management Company LLC could provide $1.5 billion in backing, a financial adviser told the Delaware federal judge overseeing Energy Future's bankruptcy proceeding on Sunday.

  • May 27, 2014

    High Court Won't Free Investment Managers From Fraud Rap

    The U.S. Supreme Court on Tuesday declined to weigh arguments by a pair of disgraced investment managers who claimed federal prosecutors did not have adequate jurisdiction to convict them of duping clients out of millions.

  • May 27, 2014

    Link REIT Inks $159.9M Deal To Sell 4 Hong Kong Properties

    The Link Real Estate Investment Trust said last week that it is set to sell four Hong Kong retail properties for a total of $1.24 billion Hong Kong dollars ($159.9 million), marking the REIT's first asset sale since 2005.

  • May 27, 2014

    California Broker Will Pay SEC $44M For Ponzi Scheme

    A California man who in 2013 pled guilty to charges that he led an $80 million investment fraud scheme was ordered in California federal court on Thursday to pay the U.S. Securities and Exchange Commission more than $44 million for violating federal securities laws during the scheme.

  • May 27, 2014

    5 Insights From MetLife General Counsel Ricardo Anzaldua

    We are focusing closely on the issue of whether insurance companies should be designated ‚Äúsystemically important financial institutions‚ÄĚ under the Dodd-Frank Act. This is one of the most significant issues facing MetLife and the industry as a whole right now, says Ricardo Anzaldua, executive vice president and general counsel of MetLife Inc.

  • May 23, 2014

    New Stream Execs Cop To Conspiracy In Fraud Case

    The top brass at bankrupt hedge fund New Stream Capital LLC on Wednesday pled guilty to conspiring to deceive investors by misrepresenting the finance structure of the now-defunct firm.

  • May 23, 2014

    Dewey Can't Get Arbitration For Couple's Investment Suit

    The Pennsylvania Superior Court on Friday shot down an appeal by a number of law firms and wealth management companies — including the now-defunct Dewey & Leboeuf LLP — that sought to push a lawsuit over an alleged investment scheme into arbitration.

  • May 23, 2014

    In Pursuing BP, FERC Unafraid To Cast Wide Enforcement Net

    The Federal Energy Regulatory Commission's refusal to drop its market-manipulation case against BP PLC shows that the agency won't back down from its belief that it has broad policing powers over energy markets under its anti-manipulation authority, despite the D.C. Circuit imposing turf limits last year.

  • May 23, 2014

    Ruderman Ponzi Victims Can Be Paid Before $25M SEC Claim

    A California federal judge on Thursday greenlighted an agreement between the receiver and bankruptcy trustee of Ruderman Capital Partners LLC, a hedge fund bankrupted as part of a former manager's Ponzi scheme, that makes a $25 million claim by the U.S. Securities and Exchange Commission secondary to investor claims.

  • May 23, 2014

    China Lowers Barriers To Foreign Investment To Fuel Growth

    In a move to combat slowing economic growth, Chinese regulators Thursday tripled the amount of money foreign investors can pump into nonsensitive areas of the closed-off country without requiring formal central government approval.

  • May 23, 2014

    Apax To Cash Out Of Foreign Exchange With Travelex Sale

    British private equity firm Apax Partners LLP said Friday it would sell its majority stake in Travelex Holdings Ltd. to a group of investors expanding their interests in the foreign exchange space.

  • May 23, 2014

    Morgan Lewis Adds Former SEC Counsel To DC Office

    Rani Doyle, a former Securities and Exchange Commission attorney and co-general counsel for Och-Ziff Capital Management Group, has rejoined Morgan Lewis & Bockius LLP in Washington, D.C., as a partner in its business and finance practice, the firm recently announced.

  • May 23, 2014

    Carter Validus REIT Pays $212M For Chicago-Area Data Center

    Florida-based Carter Validus Mission Critical REIT Inc. has scooped up a massive data center in suburban Chicago from Ascent Corp. for $211.7 million, the trust’s biggest acquisition to date, according to a Friday statement.

  • May 23, 2014

    RLJ Pays $120M For 2 West Coast Hotels

    RLJ Lodging Trust bought two hotels for $120 million, including a 256-room Courtyard Portland in Oregon and a 293-room Embassy Suites in Irvine, California, the real estate investment trust announced Friday.

  • May 22, 2014

    Gov't Blasts Rajaratnam Bid To Nix Inside-Trading Evidence

    Prosecutors urged a New York federal judge to reject requests by convicted Galleon Group founder Raj Rajaratnam's brother to exclude trial evidence over his alleged role in a scheme to trade on tips from technology industry insiders, saying Wednesday that the evidence is central to the charges.

  • May 22, 2014

    Deals Rumor Mill: Reynolds American, Travelex, TSB Bank

    The second- and third-largest U.S. tobacco companies could merge in a complicated, three-way deal backed by British American Tobacco, while Apax Partners may sell Travelex to the owner of the UAE Exchange for $1.7 billion.