Macquarie Airports (MAP) on Tuesday announced an overhaul of its balance sheet that will see the Australian fund selling A$1.5bn of European airport assets to fund a A$1bn share buy-back and help deleverage the company.
Canadian Hedgefund-Manager ordered to pay $300m in compensation (Fund News)
A US judge ordered Paul Eustace, a Canadian hedge fund manager, to pay $279m to compensate investors in Philadelphia Alternative Asset Managementâ??s four failed funds for losses while fining him and his company $20.8m.