Friday, 7 Aug 2020

INVESTMENT

Volatility creates opportunity in Asian equities

Covid-19 has redrawn the outlook for global markets in 2020 and beyond. But for veteran Asian equities portfolio manager Elizabeth Soon, the crisis today isn’t fundamentally different from other crises she has experienced in the past: volatility creates new opportunity. Ms Soon, head of Asia ex Japan equities at PineBridge Investments and portfolio manager of […]

Insurers walk tightrope of risky corporate credit

LONDON (Reuters) – Normally among the most conservative of investors, insurers facing shrinking returns and big future payouts are delving increasingly into riskier corporate debt, potentially exposing themselves to defaults and more regulatory scrutiny. Insurers globally invest more than $20 trillion (15.42 trillion pounds), but their investment positions, already perilous from years of falling bond […]

Ackman-backed blank check company's units rise in NYSE debut

(Reuters) – Pershing Square Tontine Holdings Ltd PSTH_u.N units rose 5.5% in their debut on Wednesday after the company backed by billionaire investor William Ackman raised $4 billion in the biggest IPO by a special purpose acquisition firm. The company sold 200 million units at $20 each in the initial public offering, and they opened […]

Bill Ackman's blank check company raises $4 billion in biggest U.S. SPAC IPO

(Reuters) – Billionaire investor Bill Ackman backed Pershing Square Tontine Holdings Ltd PSTH_u.N has raised $4 billion in its U.S. initial public offering, in the largest listing ever by a special purpose acquisition company (SPAC). The SPAC said on Wednesday it sold here 200 million units at $20 each and also entered a forward purchase […]

Bill Ackman-backed blank check firm raises IPO size to $4 billion

(Reuters) – Pershing Square Tontine Holdings Ltd, the blank check company backed by billionaire investor Bill Ackman, has increased the size of its initial public offering by $1 billion to $4 billion, the largest ever IPO by a special-purpose acquisition firm. The firm plans to go public with 200 million units at $20 each, according […]

Carlyle buys 20% stake in Piramal Pharma businesses

(Reuters) – U.S.-based Carlyle Group Inc has agreed to buy a 20% stake in the pharmaceutical unit of Indian conglomerate Piramal Enterprises Ltd for about $490 million, the companies said in a statement on Saturday. Piramal Pharma will use the capital injection to accelerate its organic and inorganic growth plans, the statement said. The investment […]

Carlyle buys 20% stake in Piramal Pharma businesses

(Reuters) – U.S.-based Carlyle Group Inc has agreed to buy a 20% stake in India’s Piramal Enterprises Ltd’s pharmaceutical businesses for about $490 million, the companies said in a statement on Saturday. The capital increase aims to accelerate Piramal Pharma’s organic and inorganic growth plans, according to the statement. Source: Read Full Article