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The rise of the hedge fund industry does not lend itself to easy characterization. The technology industry, for example, can point to the development of the microchip, the PC, the Internet etc. as milestones in the stepwise evolution that has led us to today’s wonders, the iPad, Google Maps, and Wii Yoga. But the history of the hedge fund industry can probably better be described as a history of people , not technologies. The hedge fund industry is one of personalities – many of which migrated to the nascent industry from disparate disciplines and often with contrasting objectives. In a sense, the history of the ...
Infrastructure Leasing and Financial Services Ltd (IL&FS), the holding company for IL&FS group’s infrastructure investments, is close to signing a share sale agreement with investors to raise around $400 million (Rs1,892 crore) by selling an 8% stake. Some of the shares to be sold will come from employees, who will get more than a 10-fold return on the investment made in 2000. The firm will sell stake to two investors, including US financial services company Bay Capital. (Mint) Dabur Closing In On Turkish Buy – Dabur India is in advanced talks to buy Turkish ... Read More
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