By Anousha Sakoui LONDON (Reuters) – French buyout group PAI Partners said it had raised 7.1 billion euros ($7.59 billion) for its latest fund, surpassing its target despite difficulties in drawing new money by private equity groups. The fund will be invested in companies in Europe and North America, and is about 40 percent larger …
PAI Partners closes new $7.6 billion fund, surpassing target Read More »
By Carolina Mandl NEW YORK (Reuters) – Global hedge funds built bearish positions this week to the highest level in nearly five years, Goldman Sachs said on Friday, without citing the underlying reasons. “Financials was the most net sold sector on the U.S. prime book this week and saw the largest net selling in seven …
Hedge funds short US financial stocks at near record levels -Goldman Sachs Read More »
TOKYO (Reuters) -Japanese state-backed fund INCJ said it has sold all but a token portion of its stake in semiconductor manufacturer Renesas Electronics, offloading 279 billion yen ($1.84 billion) worth of shares. The shares have primarily been sold to overseas institutional investors, INCJ said. The sale price of 2,143 yen per share represented a discount …
Japan fund INCJ sells $1.8 billion of Renesas shares Read More »
By Chris Taylor NEW YORK (Reuters) – Poring over complicated issues like health insurance can feel like drudgery that we want to avoid. More than two out of three employees (67%) spend less than 30 minutes reviewing benefits options during open enrollment season, while almost half spend less than 20 minutes, a new Voya Financial …
Three tips to maximize benefits during open enrollment Read More »
By Scott Murdoch (Reuters) – HSBC Group Chief Executive Noel Quinn said on Wednesday the bank had seen a 70% lift in business from its Chinese clients looking to diversify their business models outside of mainland China. Quinn, speaking at the Bloomberg New Economy Forum in Singapore, said an increasing number of Chinese businesses were …
HSBC CEO Quinn says Chinese businesses stepping up offshore diversification Read More »
HONG KONG (Reuters) -HSBC Group CEO Noel Quinn on Tuesday said wealth flow from mainland China to Hong Kong has grown by three to four times this year. Speaking at the Global Financial Leaders Investment Summit hosted by the Hong Kong Monetary Authority, Quinn said the so-called Great Bay Area (GBA) offered great business opportunities …
HSBC CEO says wealth flow from mainland China to Hong Kong up 3-4 times this year Read More »
By Lewis Jackson SYDNEY (Reuters) – Private equity group Allegro Funds said on Monday it had received the final approval for its takeover of Scyne Advisory, PwC Australia’s former government consulting wing, clearing the way for the deal to close this week. PwC Australia sold the business, once responsible for a fifth of revenue, in …
Allegro Funds gets final regulatory approval to take over PwC Australia spinoff Read More »
By Davide Barbuscia NEW YORK (Reuters) – A hedge fund arbitrage trading strategy that likely exacerbated a crash in the world’s biggest bond market in 2020 and has recently undergone regulators’ scrutiny could become less popular as its profitability wanes, according to Oxford Economics, an economic advisory firm. So-called basis trades in U.S. Treasuries take …
US Treasuries basis trades seen as less profitable as funding costs rise Read More »
By Bansari Mayur Kamdar (Reuters) – After a dizzying rally in September, exchange-traded funds tracking cannabis stocks have fallen to earth on fading hopes over pot legalization in the United States. The AdvisorShares Pure U.S. Cannabis ETF, which has net assets of $467.2 million, fell 29.5% in October after a 17.6% gain in September. The …
Pot ETFs tumble, erasing earlier rally as US legalization hopes dim Read More »
By Nell Mackenzie LONDON (Reuters) -Well known hedge fund manager Andrew Law’s $12.5 billion Caxton Associates has clawed back much of the losses it made earlier this year, benefiting from bets on weakness in bond markets, according to three sources with knowledge of the matter. Caxton Global Investments (CGI), the $8.6 billion flagship fund at …
Exclusive-Hedge fund Caxton wins on bond rout to claw back performance losses – sources Read More »
