CalPERS changed its portfolio from Dec 2012 to Jan 2013, focusing on bonds instead of commodities. CalPERS or the California Public Employees' Retirement System has decreased its investments in commodities futures at the start of 2013.
Investors
Qatari National Bank Buys Staker in National Societe Generale Bank
In line with its acquisition spree, Qatar National Bank purchases stake in Egypt's National Societe Generale Bank.
UPDATE - Qataris To Purchase Printemps
Qatari investors set to purchase Printemps in full. Official documents seen by Reuters indicate that a Qatari consortium is set to do a full purchase of the French retailer Printemps.
BlackRock Manager Provides Forecasts
Fund manager of BlackRock China forecasts futures for investors. According to a fund manager at BlackRock, China's industrial stocks provide good investment opportunities on select markets, such as steel mills to cement producers.
South Africa, Small But Terrible
South Africa with its diminutive size has more bang for the buck. Since South Africa's inclusion into the BRIC grouping of major emerging countries, there has been a deafening silence in its ascenscion from the global invesment community.
Latest News
A poll of Japan based managers indicated that allocations have increased in both shares and bonds but decreased in cash.
At the height of the Cyprus bailout drama, investors sought safety in bonds for the meantime. According to monthly poll conducted by Reuters of asset managers, global investors grew ever more cautious this month.
Through a proxy statement, Silver Lake and Michael Dell extolled the virtues of their bid as against the offers of Icahn and Blackstone.
Due to internal issues and weak market conditions, Toys R Us withdrew its IPO proposal. Toys R Us Inc formally withdrew its initial public offering proposal last Friday.
Glass Lewis, the second largest proxy firm in T-Mobile, has voiced its opposition to the standing merger with MetroPCS.
For failing to account for minority stockholder's interests, A1 is filing a suit against the Tele2 board for accepting a lower offer than what they tabled for the company.
NEC Corp. says it is planning to sell its its troubled mobile phone unit to personal computer venture partner Lenovo Group Ltd.as it continues to faces challenge from larger firms Samsung Electronics Co. Ltd. and Apple Inc.
Gibson Guitar, a producer of electric guitars, says it was purchasing majority share in Japan's TEAC Corp. for 4.88 billion yen.
Turkish airline Pegasus Airlines will be launching an IPO of a third of its shares, with most of its stake to be allocated to foreign investors.
