The unit of the bankrupt company, once run by Mr Jon Corzine, was sued by seven former employees, including the head of sales for Asia, seeking more financial information.
Alp Ercil, former Asia head of Perry Capital, has raised $440 million for a private-equity style hedge fund, according to Reuters.
Aviva PLC has hired Morgan Stanley to sell its stake in a life insurance joint venture with Malaysia's CIMB Group, people familiar with the situation said, as part of the British insurer's global retrenchment.
The Monetary Authority of Singapore (MAS) is seeking to strengthen its fund management industry through the implementation more internal control of the current and future players, reported Laven Partners, a global consulting firm focused on the alternativ
William Lee, who returned to Hong Kong from Singapore in 2000, is among dozens of traders globally in the last three years to move from a proprietary trading desk to his own fund.
Mr. Keitel views the recent correction in risky assets not as a reversal of fortune for the markets, but rather as a renewed buying opportunity in the coming weeks for investors, especially in light of what he believes are attractive valuations.
Och-Ziff, the $30-billion New York-based hedge fund, has frozen secondary market stock investments in India due to soaring compliance costs and muddled tax policies, four people familiar with the development said.
Washington, D.C.-based Carlyle may be working to convince other shareholders at the bank to add their stakes to the sale in order to offer a controlling stake to buyers, the sources said.