Tag Archives: billion-dollars

Investors continue to withdraw from hedge funds in Q1

English Eastday – Investors continued to withdraw capital from hedge funds in the first quarter of 2009, redeeming nearly 103 billion U.S. dollars, according to data released on Tuesday. The redemption figure, about 7.3 percent of overall hedge fund assets, […]

Olympic village draining city’s cash reserves

Globe and Mail – The multimillion-dollar bills continue to creep up on the Olympic village project. The city has stashed $25-million into a contingency reserve for the project, while its property endowment fund has now disbursed $100-million for the city’s […]

China Construction Bank to launch $731 mln health fund

Reuters Shanghai – The investment banking arm of China Construction Bank plans to launch a 5 billion yuan ($731.3 million) fund to focus on investments in the country’s rapidly growing heathcare sector, state media reported on Tuesday. Hong Kong-based CCB […]

Shanghai to give foreign pvt equity ‘legal status’

Reuters – Shanghai has decided to let foreign investors, including private equity and venture capital funds, register legally as local equities investment firms as China’s financial hub moves to lure more overseas investment. Foreign investors with a focus on Chinese […]

China-focused funds raise $12 bln in Q2

Reuters Shanghai- Ten new China-focused private equity funds raised $12 billion (six billion pounds) in the second quarter, but poor market conditions have forced foreign funds to delay exits of their investments through IPOs and secondary offerings, consultant firm Zero2IPO […]

Delphi hires bank to sell brake unit

Detroit Free Press- Delphi Corp. has hired a Detroit investment bank to find a buyer for its brake business, which has been for sale for more than two years. The Troy supplier said Monday that it hired W.Y. Campbell & […]

Carlyle Group to invest 87 mln usd in Chinas Sinorgchem

Quamnet.com – Private equity firm Carlyle Group said it has agreed to invest 87 mln usd in Shanghai-based chemical company Sinorgchem (Group) Co. Sinorgchem is the largest Chinese supplier of para-phenylenediames (PPDs), a key chemical additive in the production of […]