JPMorgan has overtaken Goldman Sachs as the largest manager of hedge fund assets globally.

Moody’s efforts to sell a new methodology for rating banks met with a vitriolic chorus of disapproval from market participants and ended in a humiliating climb-down. Now that the agency has patched up its joint default analysis it faces another struggle – to regain its credibility. Alex Chambers reports.

Goldman Sachs is pursuing innovative structures, including LBOs and other transactions not previously executed in Brazil as it seeks to become one of the top three banks in the country.

Henry Cai is a well-liked, hard-working and driven banker who has spent the past decade raising capital not for China’s state-run firms but for its growing army of privately run corporations.

More on Fang Fenglei

Why the China rainmaker just won’t go away I The ins and outs of mandate hunting

Japan’s small and slowly developing bond e-trading business is dominated by two firms, and having two separate platforms for the same product isn't speeding things up. Lawrence White asks the CEOs why this is.

China’s rainmakers just won’t go away, even though most investment banks now hate the term and stress that it is the bank, and not the individual, that wins mandates. But the superstar bankers are still vital to doing deals in China. The old names hold on to key positions, while a new breed of dealmaker rises to the top of the ranks. Which firms have got their strategy right?

Why the China rainmaker just won’t go away I The ins and outs of mandate hunting

Simon Brady speaks to Sameer Al Ansari (SA), executive chairman, Dubai International Capital, and Rabih Khoury (RK), DIC’s head of Middle East and North Africa Investments about the strategies of the international investment arm of conglomerate Dubai Holding and how it fits in the Dubai Investment Group.

The fourth CLO designed to free up risk capital for reinvestment in the PFI market has been launched. Roger James reports.

In December 2006, Mizuho unveiled Alexander Rekeda, Doug Munson, Jim Shepard, Bill Budd and several others as part of its new structured credit and debt capital markets team in New York. The bankers had formerly worked at Calyon, covering various areas of structured finance and debt.

South Africa is beginning to hit the radar screens of global private equity funds, with two big transactions, one completed the other still being negotiated, grabbing the headlines. Bain Capital bought Edgars Consolidated Stores (Edcon), while an Actis-led consortium raised its bid for Alexander Forbes, Africa’s biggest independent retirement fund administrator. The deals signal a shift towards buyouts in South African M&A, which has tended to be dominated by black economic empowerment transactions.