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In the face of global market turbulence, rising oil prices and rifts in the country’s rickety ruling coalition, Pakistan’s markets remain a rare sanctuary of stability for embattled investors and acquisitive foreign corporates.

Venezuela has negotiated a new loan agreement with several Japanese companies. The money is earmarked for the expansion of two oil refineries and the loans will be repaid in future oil production. This is not the first time Venezuela has relied on oil repayment – China is owed $4 billion in oil for a loan and PDVSA owes Japanese companies Mitsui & Co and Marubeni $3.5 billion in oil. Rafael Ramírez, the energy minister of Venezuela, said the money would be used to expand the El Palito and Puerto la Cruz refineries and increase their capacity to process heavy crude. Ramírez said: "Japanese companies are moving very aggressively, they want a position in Venezuela." He did not say which Japanese companies are involved in the deal but Japan is looking for ways to reduce its dependence on Middle East production. In 2007, Japanese refiners brought Venezuelan crude for the first time since the 1980s.

Hindsight is a wonderful thing. But according to analysis by Riskdata, investors would have been able to predict funds that would lose money back in June last year had they used the right models.

Most US hedge fund managers are pessimistic about the US economy this year, according to a survey by Kinetic Partners.

Malayan Bank, Malaysia’s biggest lender, has acquired 15% of Pakistan’s MCB Bank, Pakistan’s fourth-largest bank by asset value. This is the Malaysian bank’s third acquisition in Asia in two months and the largest banking acquisition in Pakistan.

US listed asset management firm BlackRock has embarked on a renewed drive into Latin America.

Capital International Private Equity Fund V (CIPEF V) has closed with funds totalling $2.25 billion.

Star performers are not motivated solely by the chance to earn yet more, as the pending departure of Greg Coffey from GLG to start his own business shows. Neil Wilson reports.

The alternative energy sector has been called the investment opportunity of the early 21st century, but the sector’s bumpy ride on the world’s stock markets has drawn unwelcome comparisons to the dotcom boom.

Reaz Islam, head of Citi’s Falcon Strategies hedge funds, is leaving the bank.

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CLS has added the Israeli shekel and Mexican peso to the 15 currencies it settles. "Bringing the benefits of CLS settlement to an ever wider community of stakeholders is central to our strategy of growing the value of CLS to the market. The local banking systems in Israel and Mexico will also experience the risk and efficiency benefits that CLS participation will bring, and we are very pleased to welcome these two new currencies to the CLS community," says Rob Close, chief executive of CLS Group.