Former-IMF chief Strauss-Kahn-led hedge fund aims to raise $2bn
Former International Monetary Fund chief Dominique Strauss-Kahn plans to raise $2bn in a macro hedge fund, his firm, LSK & Partners, said today, as investors continue to back a low-risk and rapidly growing investment strategy.
The venture marks Strauss-Kahn’s first partnership with an asset manager for the DSK Global Investment Fund that will invest globally, Mohamad Zeidan, the firm’s chief operating officer told Reuters.
Strauss-Kahn will manage the fund with …
European shares hit as US Fed indicates interest rate hikes
European stocks fell in early deals today, led lower by growth-sensitive stocks after the US Federal Reserve indicated it may raise interest rates much earlier than expected.
Fed Chair Janet Yellen sent US stocks and bonds tumbling overnight after she suggested they could rise by mid-2015, a potentially more aggressive path than many had anticipated.
Yellen also said the central bank could end its bond-buying programme this autumn. The Fed’s …
Are Irish Business Leaders Still Cutting Costs?
The majority of senior business leaders in Ireland are swapping their scalpels for bar graphs, as they move away from cost-cutting in favour of promoting future growth, according to a new survey of Irish firms.
The annual IndEx Partners survey of senior business leaders, entitled ‘Changing Times Leadership Survey’, queried over 200 companies in Ireland about leadership trends and found that more than six in ten business leaders are favouring …
‘No firms hit by tax clampdown’
Not a single company has contacted the tax authorities to say they have been affected by changes announced in the budget as part of Finance Minister Michael Noonan’s clampdown on international tax avoidance.
In October’s budget, Mr Noonan included a measure that required any company incorporated in Ireland to be tax resident either in this country or another jurisdiction.
Multinationals had been exploiting a loophole in the Irish tax system …
NAMA set to sell-off property loans worth over €300m as demand rises
THE country’s bad bank – the National Asset Management Agency (NAMA) – is set to sell-off property loans worth over €300m as demand rises.
The asset sale known as Project Spring and linked to developer Gerry Conlan, will be sold at a discount, news agency Bloomberg has reported.
In February, the bank said it would sell property portfolios worth €250m or more every quarter of this year.
These assets include …