Funds 12/27/2006
Funds
Bank Loans Lure Kohlberg Kravis, Carlyle With Junk-Bond Returns, Less Risk Investors are finding junk bond yields with about half the risk in an unlikely place: the U.S. loan market.
China Life Insurance Raises $3.62 Billion in Sale of Shares, People Say China Life Insurance Co., the country's largest life insurer, raised 28.3 billion yuan ($3.62 billion) selling shares at the top end of a range marketed to investors, two people with direct knowledge of the offering said.
Axa Asia Agrees to Acquire Winterthur Unit in Hong Kong for $243 Million Axa Asia Pacific Holdings Ltd., the Australian unit of Europe's second-biggest insurer, agreed to buy Winterthur's Hong Kong life unit for about A$311 million ($243 million), part of a plan to accelerate expansion in Asia.
Yen Drop Confounds Analysts, Lures Investors With `Carry Trade' Strategy The yen confounded forecasters by falling this year and may do the same in 2007 as money managers take advantage of Japan's near-zero percent interest rates to finance investments in bonds from the U.K. to New Zealand.
DB RREEF Trust Buys 14 Logistical Properties in Germany for $185 Million DB RREEF Trust, an Australian real estate investment trust, bought 14 logistics properties in Germany for 141.3 million euros ($185 million), more than doubling the size of its European industrial portfolio.
Macquarie Bank Takes Top Role in Australian Takeovers by Advising Itself Macquarie Bank Ltd. was the top- ranked adviser in a record year for Australian mergers and acquisitions, propelled by deals in which the Sydney-based company advised itself.
Japan's Investors Face Stricter Share Disclosure Rules Starting Next Year Japan investors next year face stricter disclosure requirements that may improve transparency in financial markets shaken by trials of two investors on charges they violated securities trading laws.
Gold Takeover Spree Forecast to Continue in 2007 as New Mines Hard to Find Gold-company acquisitions this year surged to the highest level in at least a decade, and the industry may continue its buying spree in 2007 as producers struggle to find new deposits.
Ameriprise Unit Must Pay Pilots $9.3 Million Over Retirement Investments An Ameriprise Financial Inc. subsidiary must pay as much as $9.3 million to three retired American Airlines pilots who claimed a broker squandered their retirement savings on mutual funds with high fees and trading costs, an NASD arbitration panel said.
Bank Loans Lure Kohlberg Kravis, Carlyle With Junk-Bond Returns, Less Risk Investors are finding junk bond yields with about half the risk in an unlikely place: the U.S. loan market.
China Life Insurance Raises $3.62 Billion in Sale of Shares, People Say China Life Insurance Co., the country's largest life insurer, raised 28.3 billion yuan ($3.62 billion) selling shares at the top end of a range marketed to investors, two people with direct knowledge of the offering said.
Axa Asia Agrees to Acquire Winterthur Unit in Hong Kong for $243 Million Axa Asia Pacific Holdings Ltd., the Australian unit of Europe's second-biggest insurer, agreed to buy Winterthur's Hong Kong life unit for about A$311 million ($243 million), part of a plan to accelerate expansion in Asia.
Yen Drop Confounds Analysts, Lures Investors With `Carry Trade' Strategy The yen confounded forecasters by falling this year and may do the same in 2007 as money managers take advantage of Japan's near-zero percent interest rates to finance investments in bonds from the U.K. to New Zealand.
DB RREEF Trust Buys 14 Logistical Properties in Germany for $185 Million DB RREEF Trust, an Australian real estate investment trust, bought 14 logistics properties in Germany for 141.3 million euros ($185 million), more than doubling the size of its European industrial portfolio.
Macquarie Bank Takes Top Role in Australian Takeovers by Advising Itself Macquarie Bank Ltd. was the top- ranked adviser in a record year for Australian mergers and acquisitions, propelled by deals in which the Sydney-based company advised itself.
Japan's Investors Face Stricter Share Disclosure Rules Starting Next Year Japan investors next year face stricter disclosure requirements that may improve transparency in financial markets shaken by trials of two investors on charges they violated securities trading laws.
Gold Takeover Spree Forecast to Continue in 2007 as New Mines Hard to Find Gold-company acquisitions this year surged to the highest level in at least a decade, and the industry may continue its buying spree in 2007 as producers struggle to find new deposits.
Ameriprise Unit Must Pay Pilots $9.3 Million Over Retirement Investments An Ameriprise Financial Inc. subsidiary must pay as much as $9.3 million to three retired American Airlines pilots who claimed a broker squandered their retirement savings on mutual funds with high fees and trading costs, an NASD arbitration panel said.
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