The Big Picture: Are you 'Fed-ready’?... [more]Benedicte Gravrand, Opalesque Geneva: After much speculation for more than a year, the U.S. Federal Reserve is now widely expected to increase its benchmark overnight interest rate at its Dec. 15-16 policy meeting, for the first time since 2006. U.S. interest rate futures suggest that traders see
Abraaj exits Network International to General Atlantic and Warburg Pincus... [more]Bailey McCann, Opalesque New York: Abraaj Group has exited its 49 percent stake in Network International, a payment solutions provider in the Middle East and Africa to Warburg Pincus and General Atlantic. Emirates NBD will continue to own a 51 percent stake in the Company. Terms of the sale were
Asia - Indian hedge funds’ multi-billion dollar moment... [more]From Livemint.com: Hedge funds located in India are less than half-a-billion dollars in assets, but a recent regulatory change may help their case. The Reserve Bank of India (RBI) on 16 November removed restrictions on alternative investment funds —of which hedge funds are a sub-category—based in In
People - Solus Alternative Asset Management adds chief strategist from BTIG... [more]From PIonline.com: Daniel Greenhaus joined hedge fund manager Solus Alternative Asset Management as managing director and chief strategist.
He will work closely with Chris Bondy, Solus’ chief economist, managing director and executive vice president, said Chris Pucillo, CEO and chief investmen
Investing - Hedge funds Och-Ziff and Man Group gain as Abengoa shares slide... [more]From Bloomberg.com: Och-Ziff Capital Management and Man Group Plc’s GLG unit were among at least five hedge funds to profit as Abengoa SA, a Spanish renewable-energy company, fell as much as 69 percent Wednesday. Abengoa’s B shares plunged after the Seville-based company said it would seek prelimina
…And Finally - Stoneham woman wins $1m in lottery for second time... [more]From AP/CBSLocal.com: Few people are lucky enough to win $1 million in the lottery. But one Massachusetts woman has now done it twice.
Constance Carpenito, of Stoneham, recently won a $1 million prize on a scratch ticket in the $10,000,000 Diamond Millionaire instant game.
A spokesman fo