Hedge-fund managers Joseph DiMenna and James Dinan helped raise $1.2 million for the School of American Ballet last night, with tables at the academy’s annual Winter Ball priced as high as $100,000, or $10,000 a seat.
First Data Corp., the payment processor that isn’t earning enough money to reduce its $23 billion debt load from a 2007 buyout, is raising optimism among bondholders that it will sell shares to cut leverage.
Thailand’s sovereign bonds are beating their Asian peers on bets interest rates will be cut as anti-government protesters block roads and scare off tourists during the peak Chinese New Year holiday period.
Neuberger Berman Group LLC, the money manager that was part of Lehman Brothers Holdings Inc. until that firm failed, has more than doubled its assets in East Asia since March 2010 and plans to add staff in the region.
Neuberger Berman Group, an investment unit of Lehman Brothers Holdings Inc. until that firm succumbed to the U.S. subprime crisis, produced the best real- estate returns of the past five years by betting on less- indebted companies that could survive tough times.