Hints and tips:
...As well as Klein, billionaire hedge fund managers Bill Ackman and Daniel Loeb have launched Spacs, as has Chinh Chu, a former Blackstone partner....
...China’s International Monetary Fund (IMF) reserve position was at $4.55 billion, down from $4.60 billion the previous month....
...Armed with ‘excel spread sheets’ and taking along emerging markets investors such as Mark Mobius, he visited Kenya, Myanmar, Romania, Argentina, Vietnam, Nigeria, Egypt, Saudi Arabia, Sri Lanka, and Ghana...
...More pointedly, last month the Fund, which only recently wrapped-up a $2.6bn loan taken on by Sri Lanka in 2009 in the aftermath of the end of its two-decade civil war, ended one of its periodic missions...
...From the FT: Beijing takes on big beasts of global drugs industry, Comment Bribery built into the fabric of Chinese healthcare system, Companies Insults and division as India’s election phoney war gathers...
...Born in Sri Lanka to a business executive and homemaker, Rajaratnam was the second oldest of five children....
...The October 2009 arrest of Mr Rajaratnam captivated the hedge fund industry....
...The fund, which managed more than $1bn at its peak, was unwound shortly after his October 2009 arrest....
...An American citizen born in Sri Lanka, Mr Rajaratnam made a name for himself on Wall Street as a semiconductor analyst....
...For Mr Rajaratnam, whose Galleon Group hedge funds were liquidated after his 2009 arrest, the stakes are equally high. If convicted, the Sri Lankan-born American faces up to 15 to 20 years in prison....
...Behind the tropical beaches of Hikkaduwa, southern Sri Lanka, stands a monument linking the Asian tsunami that devastated this area in 2004 to another kind oftsunami now sweeping the hedge fund industry...
...In 1997, when the Sri-Lankan born Raj Rajaratnam launched his hedge fund Galleon Technologies, he told a journalist his favourite quote - one borrowed from Intel’s totemic President Andy Grove: “only the...
...You have to have a keen eye for the next big (bond-related) buck to keep up with the world’s largest bond fund manager, which is moving to set up an Asian bond fund just as the region is seeing a surge of...
...Meanwhile, the FT reports that the Sri Lankan government claimed on Sunday that Rajaratnam was funding the Tamil Tigers, considered a terrorist group by the US....
...“The correction is likely to carry on,” said Zhang Xiuqi, a Shanghai-based strategist at China International Fund Management....
...India, Sri Lanka and Mauritius have been purchasing gold. China revealed that its gold reserves had nearly doubled over the past five years....
...Mark Kurland, New Castle’s founder, was charged on Friday with insider trading by the FBI, alongside Raj Rajaratnam, the Sri Lankan-born billionaire founder of Galleon Group, another prominent US hedge fund...
...“Er, I may be in Sri Lanka,” says McGough, with a polite cough....
...Sri Rajan, head of the private equity practice of Bain & Co in India, said: “Given the current investment climate, the existing Pipe model has lost favour among private equity funds operating in India....
...“Foreign investment in Indian infrastructure is starting to happen but it’s not as great as people would like it to be,” said Sri Rajan, head of Bain & Co private equity practice in India....
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