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NewsMarch 4 2008

Buffet to launch bond insurance firm

After eyeing the US municipal bond market for some time, Warren Buffet, the billionaire investor at the head of Berkshire Hathaway, is launching a new bond insurance firm thanks to the troubles of the sector’s main insurers. An industry’s nightmare is an investor’s dream.
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An investment banker will be at the helm of Australian Macquarie Group, the leading investor in international infrastructure. Current chairman Allan Moss has announced that Nicholas Moore, the group’s head of investment banking, will succeed him in May, when Mr Moss will retire.

 

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