The mutual fund industry had a higher rate of assests under their management in April. They company saw a 2.89% increase in there assests from March.

Association of Mutual Funds in India said the AAUM of this field was Rs 7.47 lakh crore. After March, in April the AAUM is Rs 7.69 lakh crore.

Carlyle, CVC and funds linked to Morgan Stanley and Macquarie are finalizing the bids for Gas Natural's Madrid gas-distribution assets ahead of a Nov. 30 deadline.

The deal is a part of a string of asset disposals aimed at reducing Gas Natural's 22 billion euro debt pile by the end of 2009. The deal is valued at over 500 million euros.

While talking to reporters on Nov 3rd, CEO of Spanish power company, Rafael Villalesce said, "There were six or seven potential bidders for the assets but the sale process could take another two months."

Paulson's hedge-fund group having sold its entire Goldman Sachs Group Inc. stake, has proceeded to acquire $300-million worth of Citigroup Inc. shares.

The Citigroup holding is New York-based Paulson & Co.'s second billion- dollar plus investment in a bank that received government bailout funds during the credit crunch, the other being Charlotte, North Carolina-based Bank of America Corp. in which the Paulson group bought 168-million shares in the second quarter.

In what is being seen as people's growing trust in the hedge fund market once again, it has been reported that Tyrus Capital, the hedge fund which is all set to be launched by Tony Chedraoui, former Deephaven Manager, has raised in excess of $800 Million (?486 Million) from investors.

Victor MacFarlane, a San Francisco businessman and real estate adviser to the California Public Employees’ Retirement System, is ending his long-time role as confirmed by a spokeswoman for his firm Saturday.

The news comes just after the nation’s largest pension fund lost much of the value of their real estate investments during the global economic downturn, which has cost the fund hundreds of millions of dollars.

Julie Chase, a spokeswoman for MacFarlane Partners said, while MacFarlane resigned in the month past, he continues to remain under contract through year’s end.

Bosnia-Herzegovina may lose a crucial standby credit it negotiated with the International Monetary Fund (IMF) after backtracking on a promise to cut spending, local media reported Tuesday.

According to the Wall Street Journal, Morgan Stanley in bring back some of its hedge-fund clients that left it last year, is planning to bring about further changes in its prime-brokerage division.

Arcandor, a German company that operates department stores, mail-order services and charter holidays, applied Friday for an emergency loan of 437 million euros (620 million dollars) from the German government.

Arcandor is seeking the six-month loan from a federal bank charged with rescuing industrial enterprises crippled by the world recession.

China has unveiled plans for upwards of 25 billion dollars' worth of aid and credits in boosting its trade and commercial ties with the South-East Asian region, the Chinese agency Xinhua reported Monday. Foreign Minister Yang Jiechi outlined the plans at a meeting on Sunday with envoys of 10 members of the Association of Southeast Asian Nations (ASEAN) members, the agency said.

Japan's central bank on Wednesday kept its benchmark interest rate unchanged at 0.1 per cent but decided to step up its purchases of government debt.

The Bank of Japan is to increase its monthly purchases of long-term government debt from 1.4 trillion yen (14.21 billion dollars) to 1.8 trillion yen to inject liquidity into money markets and prevent the rise of long-term interest rates.

Its unanimous decision to keep its overnight lending rate unchanged was expected after it last lowered the rate in December by 20 basis points.