Hedge fund Paulson & Co. has won a US court battle with the Government of Singapore Investment Corp. (GIC) over a group of luxury hotels which were originally part of the holdings of Morgan Stanley Real Estate Fund (MSREF).
US Representative Spencer Bachus has said he is planning legislation to restructure the U.S. Securities and Exchange Commission in order to implement changes recommended by the agency’s inspector general, the Government Accountability Office and a consultant’s report mandated by the Dodd-Frank Act.
According to Cambridge Associates, investors may want to move away from the traditional approach of allocating primarily to long-only equities, with just a modest allocation to other strategies like real estate and private equity.
The $50.3 billion Massachusetts Pension Reserves Investment Management (MassPRIM) board is shifting its investments toward hedge funds and emerging market debt at the expense of equities.
A senior money manager at BlackRock has asserted that the euro's resilience amid the ongoing crisis among euro-zone members "underscores that sovereign wealth funds continue to believe in it."
As China's debt booms while the country aims to contain default risk, Chinese firms must now obtain approval from bond investors before they restructure their assets.
