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Asian shares perk up after U.S. Senate passes budget plan

Reuters Business News - Thu, 10/19/2017 - 22:58
TOKYO (Reuters) - Asian shares shrugged off early sluggishness and gained on Friday, and the dollar rose after the U.S. Senate approved a budget blueprint for the 2018 fiscal year that will pave the way for Republicans to pursue a tax-cut package without Democratic support.
Categories: Reuters

SoftBank's big checks are stalling tech IPOs

Reuters Business News - Thu, 10/19/2017 - 22:47
LAGUNA BEACH, Calif. (Reuters) - Big cash infusions for startups from an ever-expanding group of financiers, led by SoftBank Group Corp and Middle East sovereign wealth funds, have extinguished hopes that the technology IPO market would bounce back this year.
Categories: Reuters

RLH Equity Partners Hits $510M Hard Cap With Fourth Fund

FINalternatives - Thu, 10/19/2017 - 22:38

Private equity company Riordan, Lewis & Haden Equity Partners (RLH) has raised more than $510 million in capital commitments for its oversubscribed fourth buyout fund.

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Apex Group Acquires Deutsche Bank's Alternative Fund Services Unit

FINalternatives - Thu, 10/19/2017 - 22:25

Fund administrator Apex Group has announced the acquisition of Deutsche Bank’s Alternative Fund Services (AFS) business as the company moves towards its stated goal of becoming a top five global fund services business.

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Asian shares edge higher, Fed chief speculation tempers appetite

Reuters Business News - Thu, 10/19/2017 - 22:21
TOKYO (Reuters) - Asian shares inched slightly higher on Friday, but grappled for firmer leads as speculation about who the next U.S. central bank chief will be kept global investors wary.
Categories: Reuters

Ackman urges ADP to consider acquiring Ceridian amid proxy fight

Reuters Business News - Thu, 10/19/2017 - 22:11
BOSTON (Reuters) - Activist investor William Ackman, currently battling for board seats at Automatic Data Processing Inc , on Thursday said the human resource software company should buy rival Ceridian, in a move that could woo customers with a better product.
Categories: Reuters

Man Numeric Launches New European Equity UCITS Fund

FINalternatives - Thu, 10/19/2017 - 22:02

Man Group’s systematic investment unit Man Numeric has debuted a new UCITS-compliant fund that provides liquid alternative access to the firm’s European Core equity strategy. 

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Japan government wants to get actively involved in Kobe Steel issue: trade minister

Reuters Business News - Thu, 10/19/2017 - 21:57
TOKYO (Reuters) - The Japanese government wants to get actively involved in the issue of Kobe Steel's data fabrications, Hiroshige Seko, the minister of economy, trade and industry, said on Friday.
Categories: Reuters

Trium Capital Taps Pepper as Company Co-Head

FINalternatives - Thu, 10/19/2017 - 21:45

Alternative asset manager Trium Capital has named former Old Mutual Global Investors executive Donald Pepper as co-head of the firm alongside co-founder Shenan Dhanani.

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Macro Manager Glen Point Said To Return 22.7% YTD On EM Bets

FINalternatives - Thu, 10/19/2017 - 21:35

Global macro hedge fund manager Glen Point Capital has reportedly returned more than 22% in the first nine months of 2017, vastly outperforming most of its peers.

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CD&R Names McInnes As Operating Advisor

FINalternatives - Thu, 10/19/2017 - 20:47

Private equity company Clayton, Dubilier & Rice has named veteran business executive and Safran executive Ross McInnes as an operating adviser for the firm’s funds. 

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EIU on Institutions and Time Horizons

AllAboutAlpha - Thu, 10/19/2017 - 20:00
With the  sponsorship of Franklin Templeton, The Economist Intelligence Unit (EIU)  has surveyed  143 investing institutions in North America (part of the global sample of 571) in order to study recent shifts in their portfolio allocation, especially with an eye to the risks that concern them and the length ofRead More
Categories: AllAboutAlpha

Hedge Fund Strategies in the Aftermath of Global Crisis

AllAboutAlpha - Thu, 10/19/2017 - 20:00
Mariya Domina Repiquet, a candidate for the Master of Science in international finance at the University of Strasbourg, has written a paper analyzing hedge fund investment styles and strategies just after the global financial crisis, that is, in the period 2009-10. The work combines a trip down memory lane (importantRead More
Categories: AllAboutAlpha

PayPal tops profit estimates, lifts target on mobile payments growth

Reuters Business News - Thu, 10/19/2017 - 19:04
(Reuters) - Sharp growth in mobile payments led PayPal Holdings Inc to report a better-than-expected third-quarter profit on Thursday and lift its guidance for earnings through the rest of the year.
Categories: Reuters

Dow, S&P 500 eke out record highs, turn up after Fed Powell report

Reuters Business News - Thu, 10/19/2017 - 18:16
NEW YORK (Reuters) - The Dow and S&P 500 eked out record closing highs on Thursday, turning higher at the last minute after a Politico report that Federal Reserve Governor Jerome Powell is the leading candidate for the nominee for Fed chair.
Categories: Reuters

PayPal quarterly profit beats on higher mobile transaction volume

Reuters Business News - Thu, 10/19/2017 - 17:57
(Reuters) - Payment processor PayPal Holdings Inc reported a better-than-expected quarterly profit on Thursday, helped by growth in mobile payments volume.
Categories: Reuters

Mexican auto lobby rejects U.S. NAFTA proposal on rules of origin

Reuters Business News - Thu, 10/19/2017 - 17:34
MEXICO CITY (Reuters) - The Mexican Auto Industry Association (AMIA) on Thursday rejected U.S. proposals to increase North American content for autos produced in the region and require, under a new NAFTA deal, that half of all content come from the United States.
Categories: Reuters

S&P 500 ekes out record high, turns higher after Fed Powell report

Reuters Business News - Thu, 10/19/2017 - 17:10
NEW YORK (Reuters) - The Dow and S&P 500 eked out record closing highs on Thursday, turning higher at the last minute after a Politico report that Federal Reserve Governor Jerome Powell is the leading candidate for the nominee for Fed chair.
Categories: Reuters

Whirlpool seeks 50 percent duties on LG, Samsung washers in U.S. trade case

Reuters Business News - Thu, 10/19/2017 - 17:00
WASHINGTON (Reuters) - Whirlpool and GE Appliances asked a U.S. trade panel on Thursday to recommend 50 percent import duties on large residential washing machines to ensure that rivals LG and Samsung follow through on plans to shift washer production to the United States.
Categories: Reuters

Airbus CSeries deal unlikely to spur quick boost in sales: Air Lease CEO

Reuters Business News - Thu, 10/19/2017 - 16:51
MONTREAL (Reuters) - Airbus SE's deal with Bombardier boosts confidence in the CSeries jet program but may not spur many new sales until it is finalized and a U.S. trade dispute is resolved, the head of a major aircraft leasing firm said on Thursday.
Categories: Reuters
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