Hints and tips:
...Here’s a killer paper by Itzhak Ben-David, Francesco Franzoni, Byungwook Kim and Rabih Moussawi published last year: While early ETFs invested in broad-based indexes and therefore offered diversification...
...Meanwhile, last Wednesday, Brioni announced the appointment of Francesco Pesci, the brand’s commercial director, as CEO....
Key players in crisis and chances of a comeback
...In China, Fang Fenglei, the power broker who has helped Goldman Sachs and Morgan Stanley build a presence there, has established a local private equity fund with a $2bn fundraising target....
...The deal was attacked by Goldman Sachs' rivals, in part because the company went into business with a controversial former military officer, Fang Fenglei....
...Additional reporting by Mure Dickie in Beijing, Fang Wang in Hong Kong and John Burton in Singapore...
...By Francesco Guerrera The phoney war between investment banks over China’s biggest equity deal is over....
...Fang Fang, managing director for China investment banking for JPMorgan, which advised Xugong's parent, said: ?This is the first classic buyout in China....
...The rift was compounded by CICC’s decision to partner Goldman Sachs on the high-profile listing of China Mobile and an uneasy relationship between Morgan Stanley and Fang Fenglei, a senior CICC executive...
...Goldman Sachs last year set up a securities house with Fang Fenglei but was not allowed to buy directly into the domestic operations....
...Goldman Sachs is well connected in China, having formed an investment banking joint venture with Fang Fenglei, a veteran local banker....
...Gao Hua will be owned by Mr Fang, other bankers, and Lenovo, the Chinese computer maker....
...Under its plan, Goldman Sachs will lend up to Rmb800m ($97m) to Mr Fang to set up a local investment bank to be called Gao Hua....
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