Resources
Principal content
Ashmore to buy 40% Petron stake
The Philippines cleared Ashmore, the emerging markets investment fund, to buy Saudi Aramco’s 40 per cent stake in Petron Corp, the country’s biggest petrol refiner, for $550m
Loan funds search for signals of change
CLO deals from Avoca, Harbourmaster rare sight
Funds get $10bn to tap global expansion
Investors target infrastructure projects
Fund banks on property downturn
Nice Capital exploits property decline
Overprotection threatens DB schemes
Applying new rules to pension schemes could be the ‘nail in their coffin’ (PDF)
Related content and features
The Big Picture
Biotech outflows belie industry hype
Across Europe, biotech funds have seen their assets under management shrivel from €12.15bn at the end of 2001 to just €3.17bn as of February (PDF)
Face to face
Scottish manager relishes global/local dynamic
Willie Watt, Martin Currie’s chief, has managed a downturn before
John Dizard
Countrywide deal is far from shot
There have been suggestions that the acquisition of Countrywide Financial by Bank of America will come unstuck, but despite the bad press, a derailment is unlikely
Last word
Winter of despair envelops flagship
Bill Miller’s flagship fund, the Legg Mason Value Trust, is paying the price for its aggressive style, says Jonathan Davis
Comment
Active managers – are they worth it?
The debate about the charging structure for the planned national pension scheme is pushing the issue of costs to the top of the agenda in the UK, writes Pauline Skypala
