Latest alternative investment news
Asia can show real leadership in rebalancing the global economyEast Asia will play a critical role in driving global economic recovery and the reform of global governance, government and financial-sector leaders agreed in the opening session of the 18th World Economic Forum on East Asia. “Asia will lead the way out of the crisis for the rest of the world,” said Rajat M. Nag, Managing Director-General of the Asian Development Bank in Manila, which is proje... [more] Lenders are stumbling over each other to increase fixed rate mortgagesLast week, the average 2 year fixed rate mortgage jumped 0.16% since the beginning of the week from 4.74% on Monday to 4.90% on Friday. The average 5 year fixed rate mortgage has laso jumped 0.21% since the beginning of the week from 5.61% on Monday to 5.82% on Friday. Overall number of residential fixed rate deals has declined from 937 to 887. Michelle Slade, analyst at Moneyfacts.co.uk, co... [more] Hedge funds deliver across-the-board gains in MayThe EDHEC Alternative Indexes use factor analysis techniques to provide the best possible one-dimensional summaries of the information conveyed by the competing hedge fund indexes that are currently available on the market. Therefore, they can be thought of as a set of hedge fund indexes providing a cross section of existing indexes for each hedge fund strategy. In May, the stock market confirm... [more] Sainsbury's Finance new Internet Saver special offer will pay a rate of 2.6 percent Gross AERSainsbury's Finance has announced a new Internet Saver special offer that will pay a rate of 2.6% Gross AER (variable) to customers opening an account with deposits up to £500,000. Sainsbury’s Finance Internet Saver will pay a higher rate (1.85% above the account’s standard rate), on all Internet Saver balances opened between 9th and 30th June 2009, providing the saver does not make more than t... [more] Confidence is driving an upswing in all market sectorsAt GIL 2009, Frost & Sullivan’s Chairman David Frigstad said: “We’ve the economy bottom out in early May with indicators all around us that the recovery has started, confidence is driving an upswing in all market sectors”. With a positive outlook ahead, he inspired the 120 plus CEOs and their growth teams that gathered in London for the GIL Global event. Mr Frigstad’s view of the current econo... [more] |
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Gold Falls in London as Stronger Dollar Curbs Investment Demand (Bloomberg)
July 2 (Bloomberg) -- Gold declined in London for a third day this week as a stronger dollar reduced demand for the precious metal as an alternative investment.
Wall Street investment bank targets alternative energy and cleantech (Investment Executive)
A group of former Wall Street investment bankers has just launched a new banking firm focused on the alternative energy and cleantech sector.
KIC set to make $1 bln alternative investment in H2 (Reuters via Yahoo! Asia News)
SEOUL, June 30 (Reuters) - Korea Investment Corp (KIC) is set to spend $1 billion of its overseas alternative investment budget in the second half in private equity secondary markets, hedge funds and commodities, an official said on Tuesday.
(AFX UK Focus) 2009-06-30 06:21 KIC set to make $1 bln alternative investment in H2 (Interactive Investor)
SEOUL, June 30 (Reuters) - Korea Investment Corp (KIC) is set to spend $1 billion of its overseas alternative investment budget in the second half in private equity secondary markets, hedge funds and commodities, an official said on Tuesday. The sovereign wealth fund will make a fresh round of alternative asset purchases this year with $3 billion it is set to receive from the finance ministry. ...
Calyon Raises Gold, Silver and Platinum Forecasts (Update1) (Bloomberg)
July 3 (Bloomberg) -- Calyon, the investment banking unit of Credit Agricole SA, raised its 2009 forecasts for gold and silver as a weaker dollar increases demand for the precious metals as an alternative investment.
Gold, Little Changed in London, May Advance on Haven Demand (Bloomberg)
July 3 (Bloomberg) -- Gold, little changed in London today, may gain as rising unemployment in the U.S. increases concern the global recession will continue, boosting demand for the metal as an alternative investment.
UI student launching alternative energy firm (The Gazette)
University of Iowa senior Brandon Yoder wants to be the go-to guy for alternative energy in the Corridor.In a few weeks, Yoder, 27, will launch Green Transitions LLC in Cedar Rapids. The company will sell and install wind turbines, solar panels and geothermal heating and cooling units for homes, businesses and farms.His business plan recently won first place and#151; and $3,500 in seed money ...
Thailand 'could lead world' in food and alternative fuel (The Nation - Thailand's English news)
Thailand has a bright future for developing its domestic market and preparing itself to be the world's leading food and alternative-fuel supplier once the economy recovers, Prof Stephane Geralli told the Thailand Competitiveness Conference 2009 yesterday.
Other alternative investment news
Mizuho Fund to Invest in Indian Companies, Nikkan Kogyo Says (Bloomberg)
July 3 (Bloomberg) -- Mizuho Financial Group Inc.’s Mizuho Securities and Tata Group will create a fund to invest in closely held Indian companies, the Nikkan Kogyo newspaper reported, without saying where it obtained the information.
CIMB Standard to manage US$500m fund (Business Times (Malaysia))
CIMB Standard will manage a US$500 million (RM1.76 billion) Islamic fund, backed by the Asian Development Bank (ADB) and the Islamic Development Bank (IDB), that will invest specifically in infrastructure projects in Asia.
Government plans 1 billion venture capital fund to invest in businesses (PublicTechnology.net)
The Prime Minister yesterday announced the creation of the UK Innovation Investment Fund to invest in technology-based businesses with high growth potential.
Glasgow firm set to benefit from Mandelson’s fund (The Herald)
A Glasgow company is poised to become the first to benefit from an investment by UK Business Secretary Lord Mandelson's Capital for Enterprise fund, The Herald has learned.
Iran planning to invest $70 billion in gasfields (Gulf Daily News)
TEHRAN: Iran plans to invest around $70 billion in two major offshore natural gasfields in the 2010-15 period, a senior official said yesterday.
ABG Plans to Raise $150 Million to Fund Expansion (Update1) (Bloomberg)
July 3 (Bloomberg) -- ABG Shipyard Ltd. , bidding for control of Great Offshore Ltd., plans to raise $150 million to fund expansion, reviving a proposal from April last year.
ABG Revives Fund-Raising Plan, Seeks Approval for $150 Million (Bloomberg)
July 3 (Bloomberg) -- ABG Shipyard Ltd. , aiming to take control of Great Offshore Ltd., plans to raise $150 million to fund expansion, reviving a proposal from April last year.
UPDATE:UK Government To Invest GBP150 Million For New GBP1 Billion Innovation Fund (Nasdaq)
(Adds comment and background.) LONDON -(Dow Jones)- The U.K. government Monday said it would be the cornerstone investor in a new U.K. Innovation Fund to invest in high-tech start- ups.
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