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...It has made large direct investments in US tech companies, including a $3.5bn investment in Uber in 2016 and more than $1bn in electric-car maker Lucid Motors in 2018....
...Oliver Barnes 3. GSK Listing: London Like many other pharmaceutical companies, GSK generates almost half its sales in the US because of the country’s high drug prices....
...Here’s more on the companies’ results. 3....
...Funds operated by Wood’s firm Ark Investment Management LLC have bought about 216,000 shares of the company over investments made on Dec. 20 and Jan. 3, according to Ark’s daily trading data compiled by...
...It also said it had a “record” $1.8bn in liquidity and had collected $3.8bn in loan repayments over the past 12 months....
...Industry buybacks hit a record £3.6bn last year, according to the Association of Investment Companies....
...That included loans associated with some marquee buyouts including Elliott Management’s takeover of technology business Citrix, Elon Musk’s purchase of social media company Twitter and Apollo’s acquisition...
...Economic data: The Institute for Supply Management publishes its manufacturing purchasing managers’ index for December. Five more top stories 1....
..., for $1.73bn....
...Goldman was among a group of banks including Citigroup and Deutsche Bank that lent $1.7bn to Columbia Property, a real estate investment trust, against seven office buildings in San Francisco and New York...
...Gross domestic product rose 0.1 per cent in February, down from January’s revised 0.3 per cent but in line with expectations, thanks to improved production in sectors such as carmaking and food....
...It also borrowed against its management company two years ago to raise $930mn, most of which was to invest in future funds, the FT previously reported....
...It has a successful consolidation record, with more than 1,100 funds absorbed so far. It can kick-start the process....
...The debate about SRTs specifically has fresh impetus because some changes under the forthcoming Basel 3.1 rules could in effect undo the benefit to risk-weighted assets of these types of deals — something...
...More Elon Musk news: Electric-car maker Tesla was sued yesterday by a US civil rights agency, which accused the company of tolerating “open hostility and racism” directed at black employees. 3....
...But one risk kept floating to the surface: the company Vista bought in 2012 and expanded through a number of acquisitions, including a $3.6bn deal in 2017 that led it to be rebranded Finastra, was struggling...
...Five more top stories 1....
...Australian employers have been required since 1993 to save into super funds on behalf of employees, resulting in much bigger asset pools....
...Read more on the plan which has already begun to backfire. 3....
...Trillium Capital LLC says it owns 500,000 shares and share equivalents in Getty. That would be a modest 1.3 per cent stake....
...Goldman Sachs, Bank of America, Credit Suisse and 30 other lenders on Tuesday sold $3.84bn of junior bonds backing Elliott Management and Vista Equity Partners’ $16.5bn buyout of Citrix....
...As Lex reports: Trillium Capital LLC says it owns 500,000 shares and share equivalents in Getty. That would be a modest 1.3 per cent stake....
...The number of firms with regional headquarters in Hong Kong fell to 1,411 last year from 1,541 in 2019, while the total number of employees in these companies dropped more than 30 per cent during the period...
...Stephen Feinberg’s private equity firm picked up about 700 unwanted stores while the main Albertsons buyer, a Midwestern food wholesaler, Supervalu, took on more than 1,000....
...Due to open in late 2024, Nihi Rote will have 25 thatched villas with private pools and, in keeping with the original, it sits on a beach that the company claims offers “world-class” surfing waves year-round...
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