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...The formal withdrawal of the offer will kick off an auction process that is expected to draw bids from parties including hedge fund boss Paul Marshall, Rupert Murdoch’s News UK, and newspaper group National...
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...close to the fund and Mitsui Fudosan....
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...Janardana welcomed the discussion about policies to make London more attractive by tapping into pension funds’ greater liquidity....
...The decision by the Merlin fund managers, described as a “fund of funds” team that invests in the group’s own funds as well as those of rivals, will come as a relief to Jupiter....
...Hunt promised £165mn to fund extra capacity for children’s social care placements, the costs of which are currently crippling some local authorities and significantly contributing towards budget overspends...
...Up until now, though, few investors have adopted the approach, says Cristina Shapiro, president at the Impact Fund for Children, the investment division of Unicef USA....
...Adrian Frost, an investment manager at Artemis Fund Managers, a top-20 shareholder, said the bid price was “way off”....
...You’ve had a generation of Burke, Belloni, and Toledano who are extraordinary managers,” said Flavio Cereda, luxury portfolio manager at fund manager GAM....
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...“If those Fidelity trading fees are socialised across the fund base as increased fund expenses, that makes the fund more expensive for everybody,” Kashner said....
...It would not surprise me if multi-strategy hedge funds were similarly vilified after the next crisis....
...The guidance to the market was a tactical masterstroke: it caught fund managers by surprise — in a good way, because it signalled both strength and restraint....
...The Financial Times Ltd and the authors are not responsible for any direct or indirect result arising from any reliance placed on replies, including any loss, and exclude liability to the full extent....
...This method of donating is desirable as donors do not pay income tax on the funds donated and there is no cap on the tax benefit individuals can gain....
...Last year, CVC raised €26.5bn for the largest buyout fund on record and also agreed a €1bn deal to buy infrastructure firm DIF Capital Partners....
...The UK government had blocked the sale to RedBird IMI, a US-managed fund that derives about three-quarters of its funding from Abu Dhabi, after promising to change the law to block foreign states from taking...
...This means that a nest egg of just £1,900 would qualify, based on a 5.25 per cent rate offered by the top easy-access children’s account....
...— investors in funds leave all that to the managers’ discretion....
...“Anglo American is a local mining story that goes back more than 100 years in South Africa,” said Zwelakhe Mnguni, chief investment officer of Johannesburg-based Benguela Global Fund Managers....
...We believe leverage is more widely used by US private credit funds than European funds, and that 1-2x is typical. Finally, the Preqin figures only capture commingled, closed-end funds....
...Evergreen funds, which do not need to return money to investors within the decade or so of the traditional closed-end fund, are taking off....
...The decision to launch a closed-end fund was spurred by difficulties Pershing faced in trying to relist the European fund in the US....
...The fund “has decided to exclude the companies Jardine Matheson Holdings Ltd, Jardine Cycle & Carriage Ltd and PT Astra International Tbk due to unacceptable risk of the company contributing to or being...
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