Libya's US$67 billion sovereign wealth fund will commence proceedings against Goldman Sachs in a London court this week, alleging that the investment bank exploited the fund by encouraging it to make risky and ultimately worthless investments. read more
Institutional investors (37 items)
Briefs: Asset manager on DirectMoney board, ME limits foreign income repayments, Sareen in charge at ING Direct, and more
Marketplace lender DirectMoney, which has had difficulty raising funds to support its lending operations, has brought an experienced funds management industry executive onto its board. read more
May corporate bond activity the best in two years
Corporate bond issuance was at a two-year high in May, with the A$13.1 billion of bonds issued the highest monthly volume since May 2014. This is almost twice the average monthly issuance of $7.3 billion over the period. read more
P2P securitisation market hit with high margins, low liquidity
Credit spreads on asset-backed securities backed by peer-to-peer loans issued in Northern Hemisphere markets have moved sharply wider and liquidity in the sector has dried up. read more