INTERNATIONAL. Peregrine Financial Group, a futures brokerage with US$396 million in customer funds, is being investigated in the US for alleged missing money as founder Russell Wasendorf Sr. unsuccessfully attempted suicide.
INTERNATIONAL. New research from PwC projects that traditional assets under management (AuM) in 12 markets across Africa will rise to around US$1,098 billion by 2020, from a 2008 total of US$293 billion.
UAE. Egis acquires 51% of Projacs, the leading project and construction management firm in the Middle East. This transaction represents a new stepping stone for the development of both Egis and Projacs.