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.
France drops opposition to new hedge fund rules (Fund News)
A deal on pan-European rules for hedge funds and private equity funds moved closer after France dropped its outright opposition to draft legislation that would give non-EU fund managers pan-EU marketing rights, the so called passport rule.
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 â??passport".