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Late-stage private companies are overvalued
Soros Fund Management CIO Dawn Fitzpatrick preaches patience to investors. Speaking at Robin Hood’s annual conference, Fitzpatrick said Soros was replenishing his cash reserves. She called late-stage private companies overvalued, in part because of the PSPC boom, and said large-cap tech stocks trade low. The woman who manages the fortune of one of the richest …
Tavistock Investments PLC soars following the sale of its fund management subsidiary
As part of the deal, Tavistock will become Titan’s strategic partner and distribute its products. Tavistock Investments PLC (LON: TAVI) soared as it agreed to sell its fund management arm (TWL) for up to £ 40million to Titan Wealth. The fund group will receive additional payments over a ten-year period equivalent in value to 50% …
Lack of funds for UNHCR Secretariat to investigate SL
Two South Asian neighbors received good news from the United Nations this week. The tiny Maldives archipelago has been elected president of the United Nations General Assembly (UNGA) for 2021-2022. Foreign Minister Abdulla Shahid won 143 votes, nearly three-quarters of the 191 countries that voted in the annual elections, while his rival, former Afghan Foreign …
Godrej Fund Management buys plot of land in Bangalore from Puravankara for Rs 700 crore
Godrej Fund Management, the real estate-focused private equity arm of Godrej Group, has purchased a plot of land, with development potential of 1 million square feet, in urban Bengaluru from a property developer in the As part of a deal valued at around Rs 700 crore, people with first-hand knowledge of the development said. The …
British Airways entrusts management of the pension fund to BlackRock
British Airways hands over management of gigantic £ 21 billion pension fund serving 85,000 members to US investment giant BlackRock The transfer of management concerns the Airways pension plan It also encompasses the New Airways pension plan which closed in 2018 By Jane Denton For Thisismoney Posted: 12:20 GMT, June 2, 2021 | Update: 12:50 …
Fund management activity: Variable Capital Company structure recommended in IFSCs
Fund management business in the Indian city of GIFT – India’s only International Financial Services Center (IFSC) – may soon get a boost with an IFSCA-appointed panel recommending the adoption of a structure legal variable capital company (VCC) for the fund industry in such IFSCs. A VCC is basically an alternative form of corporate vehicle …