Tuesday, 2 September 2014
Last updated 23 min ago
Dec 14 2011 | 10:49am ET
Hedge fund D.E. Shaw Group is nearing a deal to buy a big chunk of a Chinese state investment company.
New York-based D.E. Shaw is in advanced negotiations to buy between 15% and 20% of Tianjin TEDA International Holding, Bloomberg News reports. TEDA International handles the Tianjin city government's financial investments, and would follow D.E. Shaw's purchase earlier this month of about $150 million in newly-listed New China Life Insurance Co. shares.
D.E. Shaw could pay as much as 6 billion yuan (US$950 million) in the deal, which could be announced as soon as next month. TEDA took in some 88 million yuan in net income last 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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...