INVESTMENT

In September 2008, as Lehman Brothers was breaking into a million pieces, a young investment bank was pushing up through the rubble.

Fred Hu is stepping down as a partner of Goldman Sachs, according to an internal memo, as sources said he plans to launch a new private equity fund.

A leading mutual fund in India has announced the launch of a unique gold savings fund which the company says will boost gold investment in exchanged traded funds (ETFs) the country. Quantum Mutual Fund has filed an offer document with Securities and Exchange Board of India (SEBI) to launch Quantum Gold Savings Fund, an open ended fund of fund scheme. The new fund offer (NFO) price for the scheme will be Rs 10 per unit.

Barclays is on the lookout to buy a retail bank in the United States, according to reports, to build on its successful investment bank build-up there and create a buffer against regulatory reform.

The euro and sterling were under pressure on Wednesday after renewed concerns about Europe's fiscal problems but oil, copper and the Australian dollar were supported by China's strong export and import data.

One year to the day after stocks fell to their worst close in more than 12 years, the U.S. market spent most of Tuesday spinning its wheels.

World stocks slipped on Tuesday from the previous day's six-week high and oil fell nearly 2 percent, while the yen rose broadly as investors grew cautious after a recent rally in riskier assets.

Fairholme Capital Management and Pershing Square, two key investors in General Growth Properties Inc , are teaming up to invest another $3.93 billion in the mall operator to help it emerge from bankruptcy, according to a person familiar with the matter.

Technology shares pushed the Nasdaq higher on Monday on an otherwise flat day for stocks, led by BlackBerry maker Research in Motion and Cisco Systems.

Bank of New York Mellon Corp , the world's largest custodian of financial assets, said it agreed to acquire Germany's BHF Asset Servicing GmbH for $343 million.

U.S. real estate investor Andrew Farkas is all set to buy Centerline Holding Co, a provider of real estate financial and asset management services, by investing $100 million in equity in the company, the Wall Street Journal said.

Barclays Capital Real Estate sought a summary judgment against hedge fund D.E. Shaw, saying it was owed $15 million stemming from a loan default, according to court documents seen on Friday.

The debt crisis plaguing Greece has turned out to be another opportunity for global investment advisors to bat for gold, the hottest commodity traded in the world. And when it comes to gold, what the Swiss investing advisor and analyst Marc Faber says on the economic crisis that has hit Greece is making waves these days. Faber says Greek crisis is just the beginning and the entire Europe will be caught in debt problems. And the commodity that can save people is gold.

IPOs don't get much larger than the $12 billion offering from Dai-ichi Mutual Life Insurance Co, Japan's second-biggest insurer, and optimism is running high.

Giant private equity fund Blackstone Group hopes to close its first Australian deal this year and is looking at a deal in Japan and South Korea.

Stocks clung to tiny gains in afternoon trading on Thursday, retreating from an earlier advance as lower energy prices and an unexpected fall in home sales offset optimism stirred by retailers' better-than-expected monthly sales.

U.S. stocks inched higher at midday on Thursday, paring earlier gains, as lower energy prices and an unexpected fall in home sales offset optimism stirred by retailers' better-than-expected monthly sales.

Little-known brokerage firm Monness, Crespi, Hardt & Co has long toiled in the shadows of Wall Street, but the boutique suddenly has been thrust into the limelight because of an ideas dinner it sponsored last month for a group of about 18 hedge fund traders.

Shareholders of Washington Mutual Inc have filed a complaint against the savings bank holding company for not convening an annual shareholders' meeting for nearly two years, court documents show.

A former Atheros Communications Inc executive pleaded guilty on Wednesday to conspiracy and fraud charges in the Galleon hedge fund insider trading case.

Hedge fund firm Pine River, which makes big bets on housing, is bracing for a double dip in that market, its chief executive officer said on Tuesday.