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SYDNEY (MarketWatch) -- Macquarie Group (MQG.AU) is finalizing a bid for the fund-management arm of American International Group , the Australian newspaper reported Saturday without citing its sources. The newspaper said Macquarie has directed its New York office to pitch for AIG investments, which the paper said has more than $100 billion worth of assets under management. Macquarie would place the AIG unit within its own funds management arm, the paper said.

The International Monetary Fund has given a downbeat assessment of the military regime's handling of the economy, saying that strong natural gas exports have not been used to help the impoverished population

The hedge fund industry, infamous for imposing high fees, is finally beginning to cut these charges amid heavy outflows and investor complaints after a year of losses

Around a quarter of the City of London's hedge funds could relocate overseas because of the new 50 per cent top rate of income tax, Kinetic Partners consultancy has predicted

Hedge fund investor to argue that a lack of relevant expertise among independent board members has contributed to Target's underperforming its larger rival Wal-Mart during the current recession

Child traffickers are targeting the UK because of the ease with which they can move victims through British ports and local authority care homes, the chairman of a parliamentary inquiry into human trafficking has warned.Keith Vaz, head of the home affairs select committee, said he and colleagues were 'very concerned' about low levels of funding for law ­enforcement agencies to fight trafficking, and he called on the ­government to hold an urgent review of the number of foreign ­children missing from local ­authority care.Cautious estimates suggest five ­suspected victims of child trafficking go missing from care around ports and ­airports in the UK every week.'Because we are failing to track down the victims of trafficking we are ­encouraging more to be sent,' said Vaz, before the publication on Thursday of the committee's year-long inquiry into trafficking. 'There is a duty of care to make sure young people are tracked down and safe, and to tackle the problem with the origin countries

Investors are aggressively returning to developing-world markets, driving stocks up 50% since the beginning of March. This month, investors plowed $4 billion into emerging-market investment funds.

First-time buyers using a government scheme to get on the housing ladder have had to pull out of purchases at the eleventh hour after funding ran out. The Government said that the sudden shortag...

Hedge funds are back in the black, but 2009 so far is proving to be a much better year for the bulls than the bears.

A number of quantitative hedge funds have been crushed lately, even as the stock market soars, causing a stir on Wall Street.