Rothschild scion to invest in Rusal: reports

HONG KONG -- A scion of the Rothschild banking family plans to invest in the Hong Kong initial public offering of the world's largest aluminium producer UC Rusal, reports said Tuesday. Hedge fund manager Nathaniel Rothschild will get behind the US$2-billion share sale, the South China Morning Post reported, after regulators had delayed its approval several times since late November. Rothschild is a friend of Rusal's Chief Executive Oleg Deripaska, Dow Jones Newswires said. Global asset manager BlackRock, New York hedge fund firm Paulson & Co. and Los Angeles-based Capital Group are all considering buying shares in the IPO, Dow Jones said last Friday.