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 […]
Exclusive: Investment star Alan Howard’s comeback hits headwind
NEW YORK (Reuters) – A fund managed immediately by Alan Howard, one among Britain’s greatest recognized buyers, misplaced almost 9.zero % internet of charges from May via December 2017, in response to info offered to Reuters by a spokesman for 2 New York City worker pension funds. The Brevan Howard AH Fund LP was launched […]
Exclusive: Ackman cuts staff, shuns limelight as he seeks to turn around fund
BOSTON (Reuters) – William Ackman is chopping virtually a fifth of employees and searching to decrease his public profile as he seeks to turn around Pershing Square Capital Management after three straight years of losses, individuals conversant in the transfer informed Reuters on Monday. The billionaire hedge fund supervisor, who lately suffered huge losses on […]
The Financial News Daily | BitcoinIRA.com Reviewed on CNBC in Exclusive Video
Bitcoin Press Release: Bitcoin IRA, a retirement fund supporting Bitcoin and Ethereum investments will get reviewed in an in-depth video produced by CNBC August 10, 2017, Los Angeles, CA – BitcoinIRA.com, the world’s first firm that permits buyers to buy Bitcoin and different crypto-currencies for his or her IRA or 401(okay) retirement accounts, broadcasts that […]