Korean pension fund buys stake in Pipeline (Fund News)
Buy-out firm KKR has teamed up with the Korean national pension system to acquire a significant minority stake in a Chevron pipeline company in a deal valued at close to $1bn.
Germany and France oppose new hedge fund rules (Fund News)
Germany has joined forces with France in an effort to block new European Union hedge fund regulations, which could allow funds and managers outside the EU to obtain pan-EU marketing rights or a ??passport".
Majority of EU countries favour passports for hedge funds (Headlines)
A ??large majority? of European Union countries are in favour of creating pan-EU marketing rights or ??passport? for hedge funds and managers based outside the 27-country bloc, Belgian??s finance minister said on Tuesday, as discussions over controversial new rules for the sector continues in Brussels. Currently funds must apply to each country individually to sell to investors.