Michael Steinberg is the highest ranking SAC executive to be arrested for insider trading. Michael Steinberg, portfolio manager at SAC was charged with insider trading by US prosecutors.
Investors
Redknee Completes Buyout of Nokia Siemens Networks' BSS Unit
Redknee has closed its deal to purchase the Business Support Systems business unit of Nokia Siemens Network.
Oursel: Areva Could Buy Urenco
Areva chief executive officer Luc Oursel told French newspaper Le Figaro that they have interest in acquiring nuclear fuel producer Urenco.
KKR in Exclusive Talks to Acquire French Brands Claudie Pierlot, Maje and Sandro
Sources say that KKR has been making a deal to buy a majority stake in French fashion brands Claudie Pierlot, Maje and Sandro
Noted Names Make Bids for Three Fashion Lines
Names such as the Carlyle Group, KKR and the Moulin family are bidding for the controlling stake in Maje, Sancro and Claudi Pierlot.
Latest News
Private equity firm KKR has entered into exclusive talks to buy a majority of French fashion brands Maje, Sandro and Claudie Pierlot, according to a source familiar with the transaction.
In line with its acquisition spree, Qatar National Bank purchases stake in Egypt's National Societe Generale Bank.
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.
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 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.
Pension funds, seeking returns for their holders, enter into riskier ventures that can make or break them.
Reuters, using data from the Commodity Futures Trading Commision, showed funds holding positions for the long term on commodities.
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.
A poll of Japan based managers indicated that allocations have increased in both shares and bonds but decreased in cash.
