Beijingâ??s foreign reserve holdings have surged through the $2,000 billion mark, as money pours back into China to take advantage of faster economic growth and rapidly inflating asset prices.
The Department of Justice has opened an investigation into the credit derivatives market, with letters sent to over a dozen dealers asking for several yearsâ?? worth of detailed information about trading and pricing.
Feeder fund assets with link to Petters frozen (Fund News)
A federal judge froze the assets of a hedge fund manager accused of acting as a $2bn feeder fund for a multibillion-dollar Ponzi scheme operated by Minnesota businessman Thomas Petters, federal regulators said on Friday.
The chief executive of Keydata, the collapsed specialist investment firm, made personal loans worth several million dollars to the man behind the investment vehicles that Keydata is blaming for a £103m shortfall in client funds.