Eurozone finance ministers and officials met on Monday to discuss the options for solving Greece's debt crisis. Following is the text of their statement in full.
Reductions in equity exposure to continue (Fund News)
UK pension funds will continue to reduce their allocation to equities as they cut back on risk taking, according to a study by Pension Corporation and Engaged Investor magazine published on July 03, 2011.
Paulson loses 13 per cent in first two weeks of June (Fund News)
One of John Paulson's largest funds, the Advantage Plus fund, lost 13 per cent in the first two weeks of June. The billionaire hedge fund manager, who made his fortune on a short bet against subprime mortgages, ironically is being crushed after a short seller issued a critical report on a Chinese forest company he owns shares in.
About eight people besides a Taiwan-born technology consultant who is on trial for insider trading provided stock tips to Barai Capital Management, a former employee of the hedge fund testified on Tuesday.
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