Some of functionality may not work while you disabled JavaScript. Enable JavaScript for better User Exprience. March 27, 2020

Changes To Finance Bill May Revive Reit, Invit Market, Attract Capital | Business Standard News

According to the Budget announcement, unitholders had to pay tax on dividend income distributed by REITs/InvITs. : The amendments to the Finance Bill 2020 earlier this week, which exempt dividend earned by unitholders of real estate investment trusts (REITs) and infrastructure investment trusts (InVITs) from tax, are set to revive the market for these instruments. According to the Budget announcement, unitholders had to pay tax on dividend income distributed by REITs/InvITs. This was likely to adversely impact about six upcoming issues, including those by Brookfield and Reliance Industries’ Tower Infrastructure Trust along with K Raheja Corp’s Mindspace Business Park REIT.
Read by 75% of LPs 9 minutes ago

Chinese Medical Technology Firm Huayin Health Secures $85M In Series C Round - China Money Network

Huayin Health, a Guangzhou-based medical technology firm, has completed a Series C round financing of RMB600 million (US$85 million) led by GL Capital. Qianhai Fund of Funds, Everest Venture Capital, BOCG Investment, Chongqing Venture Capital and In Capital also participated in the round. Established in 2009, Huayin Health is a comprehensive medical technology group engaged [...] Chinese Medical Technology Firm Huayin Health Secures $85M In Series C Round comes from China Money Network: Primary Data for China's Primary Markets! All Rights Reserved.
Read by 73% of LPs 1 hour, 19 minutes ago

Strategic Capital Fund Management Appoints Data Center Cio

Chris Flynn brings more than 25 years of experience to his new position. : Strategic Capital Fund Management has selected Chris Flynn to serve as chief investment officer of its data center division. Flynn brings more than 25 years of industry experience to his new role, having completed real estate transactions in excess of $25 billion. Prior to joining Strategic Capital Fund Management, Flynn served as president of Lightstone Group's Data Center Fund, overseeing the firm's investment strategy as well as development, leasing and operations.
Read by 56% of LPs 1 hour, 39 minutes ago

Bill Ackman Doubled Down On Hilton, Starbucks, Berkshire Hathaway

Bill Ackman's Pershing Square took a big hit to its stock portfolio during the coronavirus sell-off. The billionaire's hedge fund saw its stakes in Hilton, Burger King-parent Restaurant Brands, Lowe's, and Berkshire Hathaway tumble in value by upwards of 20% last quarter. Ackman took advantage of the share-price declines to boost Pershing's holdings in all four companies and reinvest $720 million in Starbucks. Pershing's stakes in Lowe's, Starbucks, and Berkshire Hathaway are worth more now than in December. Visit Business Insider's homepage for more stories. Billionaire Bill Ackman's favorite stocks were pummeled by the novel coronavirus sell-off.
Read by 70% of LPs 1 hour, 39 minutes ago

The Richest Billionaire In Every U.s. State 2020

More than 80% of American states are home to at least one of 623 billionaires--including some non-U.S. citizens. : If this is your first time registering, please check your inbox for more information about the benefits of your Forbes account and what you can do next! More than 80% of American states are home to at least one of 623 billionaires--including some non-U.S. citizens. Even as the stock market faltered amid coronavirus concerns, the United States still leads the world in the number of billionaires who call the country their home.
Read by 57% of LPs 1 hour, 39 minutes ago

Citi Replaces Credit Suisse In Wedoctor's $1B Hong Kong Ipo

The deal could peg the valuation of the Chinese online health platform at up to $10 billion. The post Citi replaces Credit Suisse in WeDoctor's $1b Hong Kong IPO appeared first on DealStreetAsia.
Read by 43% of LPs 1 hour, 39 minutes ago

Macro Hedge Fund Bets Pay Off In March Market Volatility

In a month defined by volatility, macro strategies were the only type of hedge funds to make gains in March as stock markets worldwide were plunged into chaos due to Covid-19. Across the hedge fund industry, overall figures remained in the red, save "event-driven strategies" which bet on global market and political events. Macro hedge funds managed to stay in the black as the coronavirus crisis triggered equity losses, sharp arbitrage spread widening, and an "expected" slowdown of the global economy, according to Hedge Fund Research.
Read by 35% of LPs 1 hour, 44 minutes ago

Hedge Fund Stars Have To Learn To Take 'no' For An Answer

(Bloomberg Opinion) -- With the coronavirus pandemic triggering wild price swings, hedge funds have got their dancing shoes on as they seek to make the most of volatile values and atone for their underperformance in recent years. While the temptation is for traders to load up on risk to boost profits and bonuses, strutting their stuff like drunken uncles at a particularly raucous wedding, a couple of recent blowups suggest that the risk managers charged with curbing those enthusiasms need to stand firm in setting and abiding by risk limits.
Read by 43% of LPs 1 hour, 44 minutes ago

A $143B Reit Rout Pulverises Family Fortunes Across Asia, Companies & Markets News & Top Stories - The Straits Times

April 08, 2020 1:53 PMSINGAPORE (BLOOMBERG) - The Tangs are a classic Singapore power couple. : Gordon, a former professional windsurfer and avid sailor, and his wife Celine moved from China in the 1990s, founded trading firm Tang Dynasty and then established a real estate empire. Their SingHaiyi Group invests in commercial and residential properties in the island state and has expanded to the United States and Australia. Mr Neil Bush, brother of former US President George W. Bush, is on the board, where Celine serves as group managing director. Then the coronavirus pandemic hit.
Read by 45% of LPs 1 hour, 44 minutes ago

Continuous Delivery Platform Circleci Nets $100M

Continuous delivery platform CircleCI has raised $100 million in a Series E funding round, according to TechCrunch. The round was led by IVP and Sapphire Ventures, and under the deal's terms, Cack Wilhelm of IVP will join the board while Sapphire's Jai Das will join as an observer. Last summer, CircleCI raised $56 million. The total [...]
Read by 58% of LPs 1 hour, 44 minutes ago

Silicon Valley Bank Only Started Processing Stimulus Loan Applications Today - Techcrunch

In a sign of just how broken the process is for startups looking to receive stimulus dollars, Silicon Valley Bank, the bank that claims "more innovative startups bank with us than any other bank," only just began processing claims today. "Since the CARES Act and the PPP were announced, we have been hard at work [...]
Read by 58% of LPs