Kuwait fund fares well in financials
For sovereign wealth funds, the financial crisis has been a blessing and a bane. They took some hard knocks over the course of the financial crisis. Some got stuck with some poor investments and some
Citi sued by Abu Dhabi fund
As if Citigroup (C) didn't have enough problems: It is being sued by the Abu Dhabi Investment Authority after the sovereign wealth fund invested $7.5 billion in the bank two years ago, when the stock
Merrill Lynch was serious about BlackRock sale
The Financial Times reports that Merrill Lynch was serious about selling its 49 percent stake in BlackRock back to the asset manager, revealing that Merrill CEO John Thain and BlackRock CEO Larry
What are Merrill Lynch and TPG talking about?
Executives from Merrill Lynch and private equity powerhouse TPG recently met in New York, according to the Financial Times. The
Latest Commentary