The Dutch government will buy a new class of securities that count towards ING’s core Tier 1 capital but have no voting rights and are not dilutive for ordinary shareholders, ING said on Sunday.
According to a US regulatory filing, China’s sovereign wealth fund, China Investment Corp, is planning to increase its stake in Blackstone Group from 9.9 per cent to 12.5 per cent.
Ashmore, an emerging markets asset manager, was hit hard by redemptions in the three months to September 30, particularly from investors moving out of dollar-denominated debt.
Hedge funds turn to Bank of England for help (Fund News)
A group of large US hedge funds has called on the Bank of England to intervene to free an estimated $65bn in assets frozen in London in the collapse of Lehman Brothers.