Bear Stearns up on talk Buffett may tuck
Source: The Independent
Shares in Bear Stearns, the Wall Street bank where the collapse of two hedge funds was an early clue to the seriousness of the credit crisis, soared in afternoon trading on the New York Stock Exchange, amid rumours that the legendary investor Warren Buffett is among those considering buying a big stake. More...

GOLDMAN SACHS TAPS FORST
Source: The New York Post
Goldman Sachs yesterday named current Chief Administrative Officer Edward Forst to co-head its investment-management unit amid unprecedented losses at its flagship Global Alpha hedge fund. More...

Private equity expected to benefit most as alternative investments make gains
Source: Canada.com
Alternative investments such as hedge funds, private equity and real estate should see more interest in the next few years if a survey from Citigroup proves correct.

The firm asked roughly 50 chief investment officers and pension fund managers that oversee US$1-trillion in assets about their plans, and about 85% of the managers said they will boost their alternative investment allocation during the next three years. More...

GLG takes historical perspective
Source: Financial Times
GLG Partners has hired Niall Ferguson, the history professor, as a consultant to the $19bn (£9.5bn) London hedge fund as it spreads it net wider in the search for investment ideas. More...


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Emerging Markets Gaining Independence
Source: Forbes
Emerging markets are becoming less reliant on the United States for their financial strength, and investors are catching on to the trend amid concerns about the domestic economy.

Brad Durham, managing director at Emerging Portfolio Fund Research Inc., said since the beginning of the year, a net $13.2 billion has poured into the $464.5 billion in emerging markets funds his company tracks. Of that total, $8 billion was injected in just the past four weeks. More...

Emerging markets turn old financial order on its head
Source: The Business
Worried about your portfolio? As the credit crunch continues to send shockwaves through the City, you are probably wondering where to park your money until it all blows over. The Swiss franc, maybe? Or US government bonds?

Actually, anybody looking for a safe haven would have been better off with the Thai baht, the Croatian kuna – or indeed, that well known anchor in troubled times, the Brazilian real. More...

Onex eyes debt market
Source: The Globe and Mail
Onex Corp., after years of talking about investing in distressed debt, is close to finally making it happen just as the market is poised to explode.

The firm, following in the footsteps of Blackstone Group and other investment firm competitors, wants to find a way to take advantage of the shutdown in the lending market that has stopped the mega-buyout business. More...

BlackRock Close To Raising $3 Billion-$5 Billion For Debt Fund - Source
Source: CNNMoney.com
BlackRock Inc. (BLK), the asset-management giant that bought Merrill Lynch Inc.'s (MER) money-management unit last year, is on track to complete fundraising for one of the biggest distressed debt vehicles ever raised by next week, said a person familiar with the process. More...