GIC gives private equity firms run for their money

Singapore – In the first half of this year, Singapore’s GIC agreed to pay up to $310 million for minority stakes in two unlisted Philippine companies: Food producer Century Canning Corp. and hospital group Metro Pacific Investment Corp.

Traders brace for research crackdown as easy money dries up

(Reuters) - Regulatory pressure to undo the traditional way brokers sell research alongside share dealing is alarming traders in Europe, who fear a further drop in business and more cost-cutting in an already tough environment.

SocGen Faces Bribery Claims in Libya Wealth Fund Suit

The Libyan Investment Authority said in a $1.5 billion lawsuit that Societe Generale SA paid about $58 million to a friend of the Qaddafi family to secure investments.