Private Equity Funds

PersonalFinance

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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PersonalFinance

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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PersonalFinance

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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PersonalFinance

British money manager Woodford’s star wanes over locked fund gate

LONDON (Reuters) – Famed for eschewing the tech bubble and sticking with tobacco and pharmaceuticals as others sold out, Neil Woodford’s cult status among British money managers is on the ropes after some of his investors were unable to recoup their money. When Woodford struck out on his own from Invesco and launched Woodford Investment […]

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PersonalFinance

British money manager Woodford’s star wanes over locked fund gate

LONDON (Reuters) – Famed for eschewing the tech bubble and sticking with tobacco and pharmaceuticals as others sold out, Neil Woodford’s cult status among British money managers is on the ropes after some of his investors were unable to recoup their money. When Woodford struck out on his own from Invesco and launched Woodford Investment […]

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PersonalFinance

Mounting climate change fears push U.S. investors to assess geographical risks

NEW YORK (Reuters) – With an above-average percentage of its power generated from renewable sources and one of the largest battery storage operations in the United States, utility Sempra Energy seemed to check all the boxes for portfolio manager Todd Ahlsten, who manages more than $18 billion for Parnassus Investments based on each company’s environmental, […]

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artsNews

Japan fashion magnate raises over $8 million at Sotheby’s auction

FILE PHOTO: Japanese billionaire Yusaku Maezawa, founder and chief executive of online fashion retailer Zozo, who has been chosen as the first private passenger by SpaceX, attends a news conference at the Foreign Correspondents’ Club of Japan in Tokyo, Japan, October 9, 2018. REUTERS/Toru Hanai TOKYO (Reuters) – Japanese fashion tycoon Yusaku Maezawa sold art […]

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