Former Credit Suisse APAC asset management head exiting UBS – sources
By Selena Li and Xie Yu HONG KONG (Reuters) – Former asset management head of Credit Suisse in Asia Pacific, Min Huang, is leaving UBS as the bank embarks on reviewing its…
Asset managers look to sell Hong Kong buildings as higher rates bite
By Clare Jim HONG KONG (Reuters) – Asset managers are increasingly looking to dispose of their commercial buildings in Hong Kong as rising interest rates take a toll on mortgage payments, which…
Aussie telecom firms Telstra, TPG will not appeal block of asset transfer deal
(Reuters) – Australian telecom firms Telstra Group and TPG Telecom on Monday said separately they would not appeal the country’s competition tribunal’s decision to block an asset transfer deal between the two…
US asset manager Thornburg loses outbound investment licence in China
By Summer Zhen HONG KONG (Reuters) – U.S.-based Thornburg Investment Management lost its business licence in China to raise funds for outbound investment only one year after it was granted, according to…
Yellow Corp asset sale could surpass $1.4 billion – Fox Business
(Reuters) – Trucking company Yellow Corp’s assets have attracted significant bidders and their sale could likely surpass the company’s $1.4 billion in secured debt, Fox Business reported on Tuesday, citing people with…
Trucking firm Yellow considers asset sale through bankruptcy filing – Bloomberg News
(Reuters) – Trucking firm Yellow is considering a sale of assets and real estate through a bankruptcy filing, which may come as soon as this weekend, Bloomberg News reported on Friday, citing…
Big US asset managers cool on climate issues -think tank
By Isla Binnie NEW YORK (Reuters) – Large U.S.-based asset managers have shown waning interest in encouraging companies in which they invest to phase out fossil fuels since 2021, while their European…
Goldman Sachs asset management executive Salisbury departs for Sixth Street
By Lananh Nguyen, Niket Nishant and Manya Saini (Reuters) – Goldman Sachs executive Julian Salisbury will join investment firm Sixth Street as a partner and co-chief investment officer early next year, his…
Explainer – What makes a crypto asset a security in the US?
By Jody Godoy (Reuters) – Cryptocurrency companies that have resisted U.S. regulatory oversight, arguing digital assets are not securities, won a court victory this week. On Thursday Ripple Labs got a landmark…
Angelo Gordon-backed REIT in $300 million bid for Western Asset Mortgage
By Anirban Sen NEW YORK (Reuters) -AG Mortgage Investment Trust Inc, a real estate investment trust (REIT) managed by Angelo Gordon & Co, said on Thursday it made a stock-and-cash offer for…
Generali buys U.S. asset manager Conning under deal with Cathay Life
MILAN (Reuters) – Generali has agreed to buy Connecticut-based asset manager Conning Holdings as part of a partnership with Cathay Life, a unit of Taiwan’s Cathay Financial Holding, the Italian insurer said…
Odey Asset Management to move Adrian Courtenay’s fund to Green Ash Partners -letter to investors
By Nell Mackenzie LONDON (Reuters) -Odey Asset Management is in advanced talks to move its special situations fund managed by Adrian Courtenay to Green Ash Partners, said a letter to investors dated…
Asset management firm Oaktree names co-CEOs to replace Wintrob
(Reuters) – Asset manager Oaktree Capital Management L.P. on Wednesday named insiders Robert O’Leary and Armen Panossian as co-CEOs to replace Jay Wintrob, who is resigning in the first quarter of 2024.…
PwC Australia asset sale unlikely to solve firm’s tarnished reputation
By Lewis Jackson SYDNEY (Reuters) – PwC Australia’s sale of its government consulting business may give it temporary respite from a crisis in its tax practice but is unlikely to repair its…
Goldman Sachs Asset Management head of healthcare investing to leave
By Saeed Azhar NEW YORK (Reuters) -The head of healthcare investing at Goldman Sachs Asset Management, Jo Natauri, will leave the company at the end of the year to pursue other opportunities…
Russia takes over another Western asset with Bosch plant deal
(Reuters) – Russian state entity NAMI said on Wednesday it had acquired a 100% stake in a factory producing anti-lock brakes and other systems for cars that was formerly owned by German…
Morgan Stanley CEO sees deals in asset management
NEW YORK (Reuters) – Morgan Stanley CEO James Gorman said the bank could look for more deals in asset management. “I could see us doing deals in asset management and being quite…
Argentina studies launch of a voluntary asset conversion operation
(Reuters) – Argentina’s economy ministry is analyzing the launch of a voluntary asset conversion operation, it said in a statement on Wednesday, aiming to bring some relief to ailing government finances. In…
Hybrid-flex cars a great asset for Brazil’s decarbonization efforts, says VP
By Gabriel Araujo IRACEMAPOLIS, Brazil (Reuters) – Brazil’s ability to produce and sell hybrid cars that can run on 100% ethanol is a huge asset for its auto industry as global economies…
First Republic Bank exploring up to $100 billion in asset sales – Bloomberg News
(Reuters) – Troubled lender First Republic Bank is exploring an asset sale of up to $100 billion, Bloomberg News reported on Tuesday, citing people familiar with the matter. A sales would help…
Bed Bath & Beyond considers asset sales, Sixth Street bankruptcy loan – Bloomberg News
(Reuters) – Bed Bath & Beyond Inc is considering sales of assets and intellectual property as part of a potential bankruptcy filing that could come as soon as this weekend, Bloomberg News…
Chad recalls envoy to Cameroon as dispute over Exxon’s asset sale escalates
N’DJANEMA (Reuters) – Chad has recalled its ambassador to neighbouring Cameroon in the latest escalation of a dispute over the sale by Exxon Mobil of its oil assets in both countries to…
Russian court rules against Volkswagen asset freeze
By Gleb Stolyarov and Alexander Marrow (Reuters) – A Russian court has ruled against freezing Volkswagen’s assets in Russia, stating there were no grounds to suggest the carmaker would try to dodge…
Infinity Q founder sentenced to 15 years for lying about asset values
By Jody Godoy (Reuters) – The founder of Infinity Q Management, which once claimed to manage $3 billion, was sentenced to 15 years in prison for misleading investors about the value of…
Socks for Soldiers to protect the military’s most vital asset, their feet
TOMS RIVER, NJ – For anyone who served in the military, or at least in the Army and Marines, where soldiers and Marines spend large amounts of time in the field, their…
European banks, asset managers study halving stocks settlement time
By Huw Jones LONDON, Mar 2 (Reuters) – Banks and asset managers have set up a new task-force to study whether Europe should keep up with Wall Street by halving the time…
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