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Exclusive: Goldman Sachs plays catch-up with hedge fund offering
Sep 21st, 2012
NEW YORK (Reuters) - Goldman Sachs Group is taking a page from its Wall Street competitors in bringing a new hedge fund product to market. The firm has begun offering its wealthiest customers the opportunity to invest in about a half-dozen hedge funds, according to regulatory filings, including well-known names like Brevan Howard and Jana Partners, without having to go to the funds themselves, which require much higher minimum investments. ... (Source: Reuters) -
By Ethan Bilby BRUSSELS (Reuters) - The European Commission plans to send a formal warning to China that it is ready to levy sanctions against telecoms equipment makers Huawei and ZTE Corp over illegal subsidies, people close to the matter said. EU trade chief Karel De Gucht is set to win support from the bloc's executive on Wednesday to send ... [Full Article]
By Fiona Lau and Elzio Barreto HONG KONG (Reuters) - Goldman Sachs launched on Monday the sale of about $1.1 billion worth of Hong Kong-traded shares in Industrial and Commercial Bank of China , offering to sell its entire remaining stake in the world's biggest bank by market value. The sale by Goldman would be the final chapter in the Wall St... [Full Article]
By Alexandria Sage CANNES (Reuters) - Paolo Sorrentino's "The Great Beauty," a nostalgic, melancholic ode to the eternal city Rome, is one of several films that touch on the unraveling of contemporary Italy in official selection at the Cannes film festival this year. Also competing for the prestigious Palme d'Or award to be hand... [Full Article]
(Reuters) - One-time hedge fund darling Apple Inc was dropped by more well-known fund managers in the first quarter, including John Griffin and Chase Coleman. Shares of Apple were down $19.50, or 4.4 percent, at $424.36 in trading on the Nasdaq on Wednesday. The shares have fallen 40 percent from their all-time peak of $705.07 in September. Sales o... [Full Article]
By Greg Gilman LOS ANGELES (TheWrap.com) - Reaction to Zach Braff's use of Kickstarter to fund his next indie film has been mixed, to say the least. But according to the "Scrubs" star, Woody Allen is "riveted" by it. During an interview on SiriusXM talk show "Unmasked," Braff said that the Oscar-winning "Anni... [Full Article]
Google is digging deeper into its technology toolkit to turn its social networking service into a more formidable threat to Facebook, sprucing up its photo features at a time when sharing snapshots online ... (Source: Associated Press)... [Full Article]
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