3i is paying £18.3m for Mizuho Investment Management (MIM), which was founded in 2005 by the Japanese bank to invest third-party money in senior and subordinated corporate debt, including collateralised loan and debt obligations (CLOs and CDOs).
A former Chicago hedge fund manager has been accused of swindling clients out of about $25m, most of which he spent paying himself and on things like insurance for his airplane, alleges Colorado Deputy Securities Commissioner Gerald Rome.
Swiss hedge funds company Gottex posted an operating loss in the first half of 2010 as persistent scepticism about alternative investments continued to depress revenues. The company said on Thursday it had slipped into an operating loss of $1.1m, against a profit of $9.2m a year earlier.
Vote on EU directive to regulate hedge funds again delayed (Headlines)
The European Union will again delay voting on regulation aimed at giving foreign hedge funds a single license to operate in Europe due to disagreement over the move, a senior lawmaker said on Wednesday.