Credit rally makes hedge fund managers nervous for 2013. Hedge fund managers are scampering for safety as a huge credit rally evaporates investor confidence in the market.
Industry
Brazilian OGX Petroleo Rumored Stake Sale to Petronas
Brazil's OGX Petroleo is being rumored to have a plan of selling a stake to Malaysian oil company Petronas.
SAP Acquires SmartOps
SAP acquires SmartOps for long term plans. SAP AG announced that it is in the process of acquiring SmartOps, a provider of inventory and service level optimization software programming.
American Companies Expected to Boost Spending for 2013 As U.S. Economy Recovers, Analysis Reveals
Research shows that more companies in the U.S. are set to increase their spending for 2013, implying a boost for the American economy.
OMERS' Asset Rise Prompts Shopping Spree
Canada's OMERS pension fund poised to make major purposes in 2013. OMERS, one of Canada's leading pension funds, announced last Friday that it is now in the process of diversifying its portfolio away from traditional areas such as North America, the United Kingdom and Western Europe.
Latest News
Bond investors seek new options during leveraged buyouts. The increasing number of large leveraged buyouts or LBOs is making many investment-grade debt investors nervous, calling out the US government to institute more protection be given them in light of current developments.
Banks are now cleaning the vestiges of the 2008 market crash by dumping CDS instruments. In a house-cleaning move, several major banking institutions are trying to rid itself of the credit portfolios that had been the major cause of the 2008 global financial crisis.
The US auto manufacturer has implied that it is actually boosting South Korean presence by making $7.3 billion investment for global growth.
Mentor Graphics Corp. has said it purchase assets at MontaVista LLC, marking its commitment to expand its automotive business unit.
Canvera awarded more venture capital money Canvera Digital Technologies Pvt Ltd was able to raise about US$6. 5 million in Series B round of funding from other sources at a time when known venture capitalists are leaving the market.
Wells Fargo continues private equity investment activity despite Volcker Rule. Wells Fargo and Co CEO Dick Kovacevich initially had reservations about banks dabbling in private equity investments.
CSC divesting interest in ESI. An agreement was recently reached by CSC and Itochu Techno-Solutions Corporation (CTC) together with the ITOCHU Corporation for the sale of the Enterprise Systems Integration (ESI) unit at CSC.
Aperam has teamed up with two steel makers to purchase the plant owned by Outokumpu, which has been aiming to get regulatory approval for purchasing a steel business in 2012.
Leighton and Ontario Teachers' Pension Plan Reached Agreement on the sale of 70 percents of telecommunication assets.
