Pacific Investment Management Co., the investment firm that overhauled its leadership this year after the abrupt resignation of former Chief Executive Officer Mohamed El-Erian, hired Rick Chan and Jason Goldberg as portfolio managers specializing in derivatives.
Ken Xu, a former managing director at SAC Capital Advisors and Och-Ziff Capital Management Group LLC, is considering setting up his own hedge fund in Hong Kong, said a person with knowledge of the matter.
HSBC Holdings Plc’s private bank unit, which invests $25 billion in hedge funds globally, sees opportunities in backing new Asia-based managers, said Henry Lee, its regional head of alternative investment group.
Dubai International Capital LLC, the private equity unit of Dubai Holding, agreed to sell German packaging company Mauser to Clayton, Dubilier & Rice for about $1.7 billion in the emirate’s biggest asset sale since the debt crisis.
Clayton Dubilier & Rice LLC, the New York-based buyout firm, is nearing an agreement to buy German industrial packager Mauser from Dubai International Capital for $1.7 billion, three people with knowledge of the matter said.
Och-Ziff Capital Management Group LLC fell the most in three weeks after the Wall Street Journal reported that the hedge-fund firm run by Daniel Och helped finance controversial oil and mining deals in Africa.
Goldman Sachs Group Inc. and Lazard Ltd. said there was no conflict of interest when advising on Royal Mail Plc’s initial public offering, after the government released a list of “priority investors” in the sale.