Singapore State Fund Tackles Markets With New Strategy

GIC Pte, manager of more than $100 billion of Singapore’s reserves, is changing its investment strategy for the second time in three decades to be more flexible as the global outlook becomes “complicated.”

Blackstone’s Assant Says Buyout Funds Negative on France

Blackstone Group LP (BX)’s head of European private equity, Lionel Assant, said his industry is “absolutely negative” about investing in France because the country is delaying economic reforms.

Funds That Pioneered Russia Quit Moscow as Investors Curb Risk

Third Millennium Russia (TMRFX) fund and Vostok Nafta (VNIL), two of the oldest equity funds investing in Russia, are exiting investments in Moscow as the European debt crisis causes investors to curtail risk.

Ward Ferry Asia Hedge Fund Returns 16% This Year, Beating Peers

WF Asia Fund Ltd., a $209 million Hong Kong hedge fund, beat peers this year by betting on stocks that benefit from rising consumer demand and wagering against companies with flawed business models or fraudulent management.

Singapore's GIC alters asset mix on global turmoil

Singapore sovereign wealth fund GIC on Tuesday said its long-term returns held steady in the year to March but it had changed its investment mix amid fears of greater volatility ahead.

China’s CIC Has Worst Overseas Performance in 2011 Amid Slowdown

China’s sovereign wealth fund posted a 4.3 percent loss on its overseas investments last year as declines in global commodity prices roiled the value of its resources-heavy portfoli.

Retail Purchases in U.S. Unexpectedly Decrease 0.5%

Retail sales in the U.S. unexpectedly fell for a third month in June as limited employment gains took a toll on consumers.The 0.5 percent drop followed a 0.2 percent decrease in May, Commerce Department figures showed today in Washington.

Employers Get More From U.S. Workers as Jobs Gain Lags Forecast

Companies in the U.S. are relying on existing workers and temporary employees instead of hiring, helping to explain why payrolls grew less than forecast in June.

Euro dips, bonds rise on euro zone worries

NEW YORK (Reuters) -The euro hit a three-week low against the dollar and bonds edged higher on Thursday as Spain's debt burden fueled worries about further problems for euro zone economies and curtailed investors' appetite for riskier assets.

China’s ‘Sunshine’ Trusts Avoid Global Hedge-Fund Malaise to Triple Assets

Wealthy Chinese investors are turning to “sunshine” private trusts, the prototypes of hedge funds in the communist nation, as the property market cools, stocks slump and bank-deposit rates fail to match inflation.

8.6% unemployment rate won't help Obama (much)

NEW YORK (CNNMoney) -- The November jobs report contains some undeniably good news for President Obama, but the White House should keep the champagne on ice for now.

European Debt Crisis as Berlusconi’s Last Stand

ROME — The European debt crisis appeared to claim its most prominent victim on Tuesday when Prime Minister Silvio Berlusconi of Italy, cornered by world markets and humiliated by a parliamentary setback, pledged to resign after Italy’s Parliament passes austerity measures demanded by the European Union.