11/26/2014

Former Permal Managing Director Plans Asia Fund of Hedge Funds

Zhang’s Pacrise Investment Management is awaiting approval from the Monetary Authority of Singapore to start the fund, he said in a telephone interview from the city-state yesterday. It will invest in five to 10 hedge funds initially.

11/26/2014

Lower profits deterring M&As in insurance business

While there is no regulatory bar on mergers and acquisitions in the insurance industry, lower profitability, delay in achieving breakeven point and divergent valuation expectations are some of the issues that are coming in the way of M&As in the insur