Investments to new hedge funds in 2023 fell to new lows, while established hedge funds hiked fees to the highest on record, said a client report by Goldman Sachs dated Friday and seen by Reuters on Monday.
Alternative investment company Investcorp plans to list at least one of its portfolio companies in the Gulf in 2024, a senior executive said, as its Abu Dhabi-listed unit Investcorp Capital reported financial results.
U.S. regulators have asked Citigroup for urgent changes to the way it measures default risk of its trading partners and the bank’s own auditors have found a plan to improve internal oversight to be lacking, developments that could hinder CEO Jane Fraser’s plans to revive the bank’s fortunes.
Short sellers have taken bets against nearly 8% of shares in Deutsche Pfandbriefbank (PBB), filings showed on Monday, as the German lender came under pressure on concerns over its exposure to the U.S. commercial real estate market.
New Zealand’s top central banker on Monday said the inflation challenge was still not over and cited broad financial pressure for retaining a “restrictive monetary policy” position.
Australia’s ANZ Group said on Monday its first-quarter group revenue was in line with the quarterly average of first-half fiscal 2023 revenue, driven by its institutional division’s markets business, lifting shares to their highest in 22 months.
Canada’s Sun Life Financial said on Thursday it sees long-term opportunities to buy assets from the troubled U.S. commercial property sector, despite the value of its own office properties in the region falling 26%.
A new group of Wall Street firms has agreed to pay more than $81 million in civil penalties to settle U.S. Securities and Exchange Commission charges of record-keeping failures, the regulator said on Friday.
Nigeria’s central bank governor Olayemi Cardoso said on Friday that entities involved in fraudulent foreign exchange trades would be punished, after an audit helped whittle down a backlog of claims for payment to a “more manageable figure.”
Mediobanca’s CEO on Friday urged the Italian government to make changes to its capital markets legislation, because plans to give investors more power over the way a company’s outgoing board presents candidates for the next term are unworkable.
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