Thursday, 18 December 2014
Last updated 1 hour 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.