Funds
Texas Pension Fund Plans $200 Million Investment in Private Equity in Asia Teacher Retirement System of Texas,
the seventh-largest U.S. public pension fund, will invest $200
million in private equity in Asia, whose economies are leading
the world out of a recession.
Dubai Ruler Removes Aides in Effort to Court Investors Ahead of Bond Issue Dubai ruler Sheikh Mohammed Bin
Rashid Al Maktoum fired one senior aide and removed three others
from the board of Dubai’s main holding company as the debt-laden
emirate tries to secure a second $10 billion injection of funds.
Bills Yielding Zero as Stocks Soar Give Investors Bernanke Moment of 1938 For the first time in seven decades,
Treasury bills are paying no interest while stocks continue to
appreciate -- a divergence in U.S. financial markets that might
be perilous if Federal Reserve Chairman Ben S. Bernanke didn’t
know all about 1938.
Dollar Slump Persisting as Most Accurate Forecasters See No Bottom in 2010 The most accurate dollar forecasters
predict the world’s reserve currency will continue sliding even
when the Federal Reserve begins to raise interest rates, which
policy makers say is an “extended period” away.
China Risks Japan 1980s-Style Bubble With Loose Monetary Policy, BNP Says China is risking a Japan-style
bubble unless the country’s regulators start to rein a record
lending boom, BNP Paribas said.
China Stocks Will Rally in 2010 on Stronger Yuan, Profits, Greenwoods Says Chinese shares may rise as much as
35 percent next year as the yuan strengthens and earnings growth
accelerates, according to Greenwoods Asset Management, manager
of this year’s best-performing Chinese long-short equity fund.
Caterpillar Beating Komatsu as Dow Industrials Soar on Dollar Index Drop For the first time since the equity
rally began in March, the biggest U.S. stocks are beating the
smallest as the dollar’s descent sends investors to companies
with the most business in international markets.
British Would-Be Borrowers Resist Approved Bank Credit as Loan Demand Dips A year ago, as Britain’s property
market began to collapse, housebuilder Persimmon Plc owed 960
million pounds ($1.6 billion). Today, Chief Financial Officer
Michael Killoran has slashed that debt by 58 percent.
Minsheng to Start Trading This Week as Sands China IPO Prices at Low End China Minsheng Banking Corp., the
nation’s first privately owned lender, will begin trading this
week in Hong Kong after raising HK$30.1 billion ($3.9 billion)
in the territory’s biggest public share sale since April 2007.
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