Investment Management and Fund Operators (TRBC)

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China’s Centurium Capital raises over $2 billion from GIC, Temasek, others

HONG KONG (Reuters) – China’s Centurium Capital, a big backer of domestic startup Luckin Coffee, said it has raised more than $2 billion in its debut fund, giving the private equity firm more firepower to cut deals involving the world’s second-largest economy. FILE PHOTO: CEO of Luckin Coffee Jenny Qian Zhiya (3rd R), non-executive chairman […]

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Chinese private equity firm Centurium raises over $2 billion in debut fund

FILE PHOTO: CEO of Luckin Coffee Jenny Qian Zhiya (3rd R), non-executive chairman of Luckin Coffee Charles Zhengyao Lu, and David Li, co-founder and CEO of Luckin’s backer Centurium Capital celebrate the first trade of the company’s stock during the IPO at the Nasdaq Market site in New York, U.S., May 17, 2019. REUTERS/Brendan McDermid/File […]

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HomeStreet defeats activist Roaring Blue Lion in proxy contest

BOSTON (Reuters) – HomeStreet Inc defeated Roaring Blue Lion Capital Management’s campaign to unseat one director and install its own candidate, ending a two-year standoff between the financial services company and the activist investor, the company said on Thursday. Three of HomeStreet’s nine directors stood for re-election at Thursday’s annual meeting and each received at […]

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UBS looks to Sumitomo Mitsui tie-up to crack Japanese wealth

ZURICH/TOKYO (Reuters) – UBS signed a joint venture deal with Sumitomo Mitsui Trust on Friday, aiming to crack a Japanese wealth management market where it has struggled to grow over the last 15 years. FILE PHOTO: The logo of Swiss bank UBS at the company’s headquarters in Zurich February 10, 2015. REUTERS/Arnd Wiegmann The deal, […]

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UBS, Sumitomo Mitsui Trust to establish joint venture for wealth management

ZURICH/TOKYO (Reuters) – Swiss lender UBS will sign a deal with Japan’s Sumitomo Mitsui Trust for a wealth management tie-up in Japan, with the two aiming to establish a new company by 2021, the Japanese bank said on Friday. FILE PHOTO: The logo of Swiss bank UBS at the company’s headquarters in Zurich February 10, […]

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Investors piled into U.S. Treasuries, money-market funds amid trade tensions: Lipper

(Reuters) – Investors’ aversion to risk-taking intensified in the latest week, stemming from trade tensions between the United States and China as well as Mexico, with U.S.-based domestic equities funds posting $10 billion of cash withdrawals, according to Refinitiv’s Lipper research service on Thursday. It was the group’s second consecutive week of cash outflows, with […]

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Investment bank environment still very fragile says UBS

FILE PHOTO: The logo of Swiss bank UBS at the company’s headquarters in Zurich February 10, 2015. REUTERS/Arnd Wiegmann//File Photo ZURICH (Reuters) – Investment banking conditions have improved over recent months but remains “very fragile,” UBS Chief Executive Sergio Ermotti said on Thursday, adding the Swiss lender’s own business was performing in line with the […]

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Watchdog examines Guernsey listings of suspended Woodford fund

LONDON (Reuters) – Britain’s financial watchdog said it was examining a decision by a frozen Woodford fund to list investments in Guernsey, as wealth manager St James’s Place pulled 3.5 billion pounds ($4.45 billion) from the firm in a widening fall-out from the suspension. In a rare event, British fund manager Neil Woodford suspended trading […]

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Investors retreat from U.S. stock funds as trade war expands

FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., June 5, 2019. REUTERS/Brendan McDermid NEW YORK (Reuters) – Investors pulled approximately $4.7 billion out of mutual funds and exchange-traded funds that hold U.S. stocks last week as concerns about escalating trade wars weighed on equity markets […]

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