Blackstone raises up to $960 million for retail credit fund

(Reuters) - Blackstone Group LP , the largest publicly listed alternative asset manager, said on Wednesday that it had raised up to $960 million for its third publicly listed mutual fund to invest in corporate credit whose quality is below investment grade.

Singapore wealth fund Temasek sets 30-yr coupon record

July 16 (IFR) - Temasek Financial on Monday set a fresh record low coupon of 3.375% for a US dollar-denominated 30-year bond, coming inside the 3.60% achieved by agribusiness Monsanto Co just a week ago.

Sovereign funds urged to invest in developing nations

UN and African officials on Sunday urged sovereign wealth funds (SWF) worth an estimated $5 trillion to invest in developing countries, even as they seek the right climate and demand steps against corruption.