Daily Digest 6/11 - Syrian Opposition Elects New Leader, Borrowing To Stay Ahead In Europe, China Sells Abroad To Ease Slump
- Chief Syrian Opposition Body Elects New Leader
- South Carolina’s Pension Push Into High-Octane Investments
- In Europe, Banks Borrowing to Stay Ahead of the Tide
- Selling Abroad, China Eases Slump at Home
- Flame and Stuxnet makers 'co-operated' on code
Sieda, 56, an expert on ancient civilizations, is a longtime exile who lives in Sweden, like his predecessor, who is based in Paris. Activists actually doing the fighting in Syria worry that if they succeed in deposing Assad, the exiles will swoop in and take over.
What is sure is that while he was running things, South Carolina ended up paying hundreds of millions of dollars in fees — $344 million last year alone — to a Who’s Who of hedge fund managers and private equity deal makers. In return, it got a trove of investments that haven’t really provided the bang that people here had hoped for. Today, the pension fund has a higher share riding on private-equity and hedge-fund plays — called “alternative investments” in some circles — than almost any other state’s: $13 billion, or more than half its total.
“It’s another step in a long process,” Charles Kantor, a portfolio manager at Neuberger Berman in New York, said on Sunday. “The Spanish banks, like the banks in France and Italy, all need capital.”
China’s renewed success relies heavily on the American market, with Chinese exports to the United States soaring 23 percent in May from a year earlier, the data on Sunday showed. Chinese exports to the European Union rose only 3.2 percent.
Speaking about Flame, a spokesman for the Israeli government distanced the country from involvement following an interview in which a minister seemed to back the attacks.
"There was no part of the interview where the minister has said anything to imply that Israel was responsible for the virus," the spokesman said.
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