Tuesday, 16 September 2014
Last updated 7 hours ago
Jul 29 2010 | 11:42am ET
Hedge fund Soros Fund Management is on the verge of taking a stake in the Bombay Stock Exchange.
The New York-based firm is in final talks with Dubai Holdings, which wants to offload its own 4% stake in the Indian bourse. Soros plans to pay about $40 million for the stake, the Financial Times reports.
The move comes amid signs of disagreement between the BSE and the Singapore Stock Exchange, which also owns 4% of the Mumbai exchange. The SGX recently gave up its board seat at the BSE, and has been looking to partner more closely with the BSE’s chief rival, the National Stock Exchange of India, which is significantly larger.
Private equity firm Argonaut bought a minority stake in the BSE earlier this year.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
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