FILE PHOTO: Ken Griffin, Founder and CEO, Citadel, speaks throughout the Milken Institute’s 22nd annual Global Conference in Beverly Hills, California, U.S., April 30, 2019. REUTERS/Mike Blake NEW YORK (Reuters) – Citadel’s commodities investments are up at the very least $1 billion for the year, in line with three sources conversant in the matter, serving […]
Exclusive: Morgan Stanley, Goldman Sachs poised to lead Airbnb’s listing – sources
(Reuters) – Short-term residence rental firm Airbnb Inc is about to rent Morgan Stanley and Goldman Sachs Group Inc as joint lead advisers on its deliberate inventory market flotation subsequent yr, individuals acquainted with the matter stated on Wednesday. FILE PHOTO: The logos of Airbnb are displayed at an Airbnb occasion in Tokyo, Japan, June […]
Exclusive: Hedge fund D.E. Shaw to push for break-up of Emerson – sources
FILE PHOTO: A employee assembles an industrial valve at Emerson Electric Co’s manufacturing unit in Marshalltown, Iowa, U.S., July 26, 2018. REUTERS/Timothy Aeppel/File Photo (Reuters) – Hedge fund D.E. Shaw & Co is constructing a stake in Emerson Electric Co (EMR.N) and is planning to push for modifications, together with a possible cut up-up of […]
Exclusive: Elliott Management opposes airline Azul on Avianca Brasil bankruptcy plan
SAO PAULO (Reuters) – U.S. hedge fund Elliott Management is opposing a brand new plan by Brazilian airline Azul SA to buy a few of the routes operated by financially troubled rival Avianca Brasil for $145 million, based on a authorized doc seen by Reuters. FILE PHOTO: An Airbus A318-100 airplane of Avianca Brazil flies […]
Exclusive: Advent readies new $2.2 billion Latam private equity fund – sources
SAO PAULO (Reuters) – U.S. private equity agency Advent International Corp is getting ready to launch a $2.2 billion fund to spend money on Latin American corporations, two individuals with information of the matter advised Reuters. The fund launched in coming days will probably be Advent’s seventh for Latin America and its largest for the […]
Exclusive: Chinese EV car maker NIO restricts its IPO banks from working for rivals – sources
HONG KONG (Reuters) – Chinese electrical car (EV) maker NIO Inc has blocked the eight prime funding banks that did its IPO from working for rivals by tying them up in uncommon yr-lengthy non-compete clauses, a number of individuals with direct information of the matter stated. FILE PHOTO: Chinese electrical car begin-up Nio Inc. firm […]
Exclusive: Magellan Health nears board deal with hedge fund Starboard Value – sources
NEW YORK/BOSTON (Reuters) – U.S. healthcare plan and pharmacy advantages supervisor Magellan Health Inc is nearing an settlement with Starboard Value LP to increase the dimensions of its board by a number of seats, together with a consultant from the activist hedge fund, three sources acquainted with the matter stated on Thursday. Magellan didn’t reply […]
Exclusive: Jana liquidates two hedge funds, to focus only on activism
NEW YORK (Reuters) – Jana Partners LLC, based by Barry Rosenstein, is shutting down two stock-picking hedge funds following losses and can focus as an alternative on its major technique of investing in a handful of corporations and pushing administration to enhance their efficiency. FILE PHOTO – Barry Rosenstein, founder and managing Partner of JANA […]
Exclusive: City Financial’s hedge fund Decca to shut down – letter
LONDON (Reuters) – London-based fund agency City Financial and the chief funding officer of its Decca Fund, Shahraab Ahmad, have determined to wind down the credit score-targeted technique after it “did not deliver the performance that you expect of us”, in accordance to a letter to buyers reviewed by Reuters. City Financial was hit exhausting […]
Exclusive: World’s biggest gold ETF launching new low-fee fund – source
LONDON (Reuters) – The World Gold Council, proprietor of the world’s largest gold-backed trade traded fund (ETF), is launching a new fund with a reduce-worth administration payment to fend off rivals with decrease expenses, a source acquainted with the matter advised Reuters. FILE PHOTO: A vendor removes a gold accent from a glass case at […]