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Apollo To Acquire Citi Real Estate Unit

Mar 10 2010 | 11:09am ET

Private equity firm Apollo Management will buy Citigroup’s real estate investment business. The New York-based firm signed a letter of intent to acquire Citi Property Investors, which has $3.5 billion in assets.

The deal, which is expected to close within three months, will more than triple Apollo’s real-estate assets.

 

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Horseman Investors Flee After Founder Steps Down

Mar 10 2010 | 1:26pm ET

In December, Horseman Capital lost its most high-profile fund manager, founder John Horseman. In January, it lost most of its assets.

Hedge Fund Trader Wore Wire In Galleon Probe

Mar 10 2010 | 1:25pm ET

A second former Galleon Group trader wore a wire as part of the insider-trading probe that snared Galleon founder Raj Rajaratnam.

Auriel Offers British Market Neutral Fund

Mar 10 2010 | 1:06pm ET

The London-based firm’s Auriel UK Equity Fund will invests in the most liquid British stocks—those comprising the FTSE 100 Index—with both long and short portfolios.

Greek Leader Blasts ‘Speculation,’ Calls For Strict Hedge Fund Regulation

Mar 10 2010 | 1:04pm ET

Despite the findings of German regulators that there is no evidence that hedge funds used credit default swaps to push his country to the brink of default, Greek Prime Minister George Papandreou is demanding that hedge funds be more strictly regulated.

Eureka: Hedge Funds Up 0.52% In Feb.

Mar 10 2010 | 12:39pm ET

Hedge funds were up slightly last month as all but one strategy posted gains, according to early estimates from Eurekahedge.

Limo Driver Pleads In Hedge Fund Fraud

Mar 10 2010 | 12:38pm ET

A limousine-driver-turned-hedge-fund-fraudster has admitted to swindling investors out of almost $20 million.

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In Depth

Q&A: FPP Emerging Markets Strategy Up Over 100% in '09, Chief Strategist Likes China, Korea

Mar 9 2010 | 7:09am ET

Jonathan Neill is chief strategist and lead portfolio manager for long directional funds at UK-based FPP Asset Management. Neill took some time last week to speak with FINalternatives senior reporter Mary Campbell about the attractions of undervalued stocks, the upside to risk aversion, and the truth about China ‘experts.’

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