How GM IPO won over US funds with vows of change

Newswire

* U.S. mutual funds emerged as surprise bulwark in GM IPO * GM vows of change, balance sheet reform won converts * Sovereign wealth funds balked at higher GM share price By Soyoung Kim, Clare Baldwin and Kevin Krolicki NEW YORK/DETROIT, Nov 18 (Reuters) - One of the first signs General Motors Co was driving toward a record-setting IPO with booming demand from U.S. investors came from an unlikely indicator: a sudden shortage of chocolate mousse at an investor meeting. In one of the ...

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