Thursday, 2 October 2014
Last updated 1 hour ago
Jul 8 2014 | 7:30am ET
Investors have flocked to Morgan Stanley’s fourth Asian private-equity fund, committing US$200 million more than the firm initially sought.
Morgan Stanley Private Equity Asia IV has closed with US$1.7 billion, exceeding both its target and predecessor, which netted US$1.5 billion, the bank said yesterday. The new fund—which has already made a pair of investments and is finalizing two more—will focus on China and South Korea.
Half of the money raised will be invested in China and 30% in South Korea. The remainder will go elsewhere in the region, including to India and Taiwan. One of the fund’s first two investments went to a company in the former.
Given new restrictions on banks’ p.e. investments, Morgan Stanley was only able to contribute US$50 million to the new fund, compared to the US$400 million it invested in the last. The bank credited growing interest among U.S., European and Middle Eastern investors for its success in fundraising.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...