Deutsche Börse rejects TCI's proposals (Fund News)
Deutsche Börse could be heading for another confrontation with TCI and Atticus, the two hedge funds, that are the German groupâ??s biggest shareholders.
Switzerland aims to attract more hedge funds (Fund News)
Switzerland plans to ease the tax burden for hedge funds and private equity funds and soften regulations for investment funds in a move to boost its standing among other financial centers.
FSA fines Moore Capital trader for insider dealing (Fund News)
The Financial Services Authority said it had fined Steven Harrison, a former hedge fund manager with Moore Europe Capital Management, £52,500 for using inside, restricted information to buy the bonds of Rhodia, the French chemicals maker, days before a debt restructuring.
Korea Asset Management Corp (Kamco), plans to spend about Won1,000bn ($886m) on US non-performing loans. They are currently in talks with Merrill Lynch to purchase a substantial amount of non-performing loans of the investment bank.