CNP 0.00% 4.0¢ cnpr group

Makattack there are companies out there with so much money it...

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    Makattack there are companies out there with so much money it would make you cry:

    "TAIPEI (Reuters) - Cathay Financial Holding (2882.TW: Quote, Profile, Research, Stock Buzz), Taiwan's No.2 financial holding firm, said it has invested $100 million in a private equity fund of the Blackstone Group LP (BX.N: Quote, Profile, Research, Stock Buzz).

    The investment represented 0.5 percent of the Blackstone Capital Partners VI, a recently launched private equity fund by the U.S.-based buyout firm, Cathay said in a statement late on Friday. No other details were given.

    Cathay's life insurance arm has T$2 trillion ($63.9 billion) in its investment portfolio, about one-third of which is invested in overseas markets.

    Shares of Cathay ended 0.17 percent lower on Friday, versus a 0.10 percent slide in the broader market .

    ($1=T$31.37)"
 
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