The SEC has issued subpoenas requesting information about the valuation of some high-yield bond assets at the $5bn DB Zwirn hedge fund, which is being wound down after massive redemptions.
Blackstone and Apollo in talks with Chemtura (Headlines)
The FT reports that Blackstone Group and Apollo Management, the private equity groups, are in talks to buy Chemtura, a manufacturer and marketer of speciality chemicals.
George Soros: rocketing oil price is a bubble (Headlines)
Speculators are largely responsible for driving crude prices to their peaks in recent weeks and the record oil price now looks like a bubble, George Soros has warned.