Monday, 28 July 2014
Last updated 2 hours 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…