SAC Capital Advisors has lost seven Hong Kong staff and relocated five others, but the hedge fund had declined to explain the departures.
Sectors
Glencore to accede to concessions from China for Xstrata deal
Glencore to agree to concession requirements to achieve regulatory compliance for Xstrata merger. Glencore is now in the process of confirming concessions in order alleviate Chinese worries over its stranglehold on the existing copper supplies.
Knight Capital and Getco Holding Capital to reap benefits
The merger of two of the largest automated trading firms would create savings as well as increase revenues for the new merged entity.
Amid South Korea's Fourth Sale Effort, Woori Chairman to Resign
Woori Chairman resigns amidst declining share values. Lee Pal Seung, Chairman of Woori Finance Holdings Company, plans to resign prior to the South Korean government's fourth plan to sell its shares in the country's largest financial service group.
Cordiant Capital to offer emerging market loans
Cordiant Capital would be offering loans to emerging markets through its Cordiant Emerging Loan Fund IV.
Latest News
Private equity CVC Capital Partners, which owns Formula One, is reportedly eyeing online gambling group Betfair, according to reports.
Creditors of the European arm of Lehman Brothers, which collapsed in 2009, may be repaid in full.
Malaysia's vibrant bourse is now the home of SPAC's in Asia. Malaysia is seeing a new kind of IPO in their bull market, called special purpose acquisition company.
Lehman bankruptcy administrators PWC announced payment of dividends to European creditors. US investment bank Lehman Brother's investors in its European unit would be repaid in full according to the firm's administrators.
The Italian publisher RCS MediaGroup has agreed to a recovery plan. The RCS MediaGroup Board of Directors have approved the terms of a capitalization round and a debt refinancing plan required for its rehabilitation.
Thermo Fisher's bid of US$75 per share for Life Technologies is under negotiations for finalization over the weekend.
With restrictions on shelved produce, days of operation and zoning regulations, many big box retailers such as Tesco are being squeezed in the South Korean market.
Peter Dolan, the director of private equity and venture capital for the Harvard Management Company, manager of the world's biggest endowment, stepped down on April 10.
Internet retailer Amazon.com Inc has increased stock compensation for key executives in 2012, using Apple as a peer group in helping it determine how much to pay executives.
