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Bernard Arnault | La Spec Mansions | Louis Vuitton

Buying nearly a half-billion-dollars worth of Rodeo Drive retail properties apparently isn’t Bernard Arnault’s only real estate ambition in Beverly Hills. Arnault, the fourth-richest person in the world, has added to his sizeable portfolio of prime Los Angeles real estate with a $30 million purchase in the Trousdale Estates neighborhood. The chairman of luxury goods conglomerate LVMH picked up a 6,400-square-foot home there last month, according to Yolanda’s Little Black Book. It’s not the home […]
Read by 62% of LPs 2 hours, 5 minutes ago

Developers Still Reluctant To Bid For Solar Power Assets | Business Standard News

Developers continue to show reluctance to bid for solar power assets, putting question marks over future growth in this industry, once considered as a sunrise sector. Recent tenders of Solar Energy Corporation of India (SECI) for 1,200 megawatt (MW) of wind-solar hybrid scheme and 10,000 MW solar tender linked to manufacturing units suffered major setback as the bidders shunned the auction for these projects.
Read by 78% of LPs 2 hours, 35 minutes ago

Gam Said To Offer Star Fund Managers Special Retention Bonuses - The Financial Express

GAM Holding AG is offering a special retention bonus to key fund managers, people with knowledge of the matter said, the latest measure by the asset manager to contain a crisis that's seen investors pull money and the shares plummet.
Read by 46% of LPs 3 hours, 5 minutes ago

This Entrepreneur Went From Selling Firecrackers To Landing $70M For His Canadian Startup

Even before starting his mini-paper route empire, Michael Litt was importing firecrackers from south of the border to distribute to his third grade classmates. Now he is a serious startup investor and founder at the heart of Canada's new tech ecosystem.
Read by 73% of LPs 3 hours, 5 minutes ago

How Slack's Cal Henderson Survived 2 Failed Startups And A Yahoo Sale

Slack is a popular workplace messaging service worth $7.1 billion and reportedly on the verge of going public. Its founding team, including British CTO Cal Henderson, have weathered a lot of successes and failures to get Slack where it is today. That includes trying and failing with to start two gaming companies, and selling the photo site Flickr to Yahoo. Henderson said after the founders' experiences with Yahoo, Slack is committed to staying independent and says it has a strong chance against its key rival Microsoft because it's only focused on one product.
Read by 50% of LPs 3 hours, 5 minutes ago

Jsw Steel To Invest Over Rs 5,000 Cr On Strengthening Downstream Mfg Capacity | Business Standard News

JSW Steel plans to pump in over Rs 5,000 crore to strengthen its downstream manufacturing capacity and is also keen to pursue stressed downstream assets that will come up for bidding in the next round. JSW Steel, which announced a capex investment programme of nearly Rs 45,000 crore to expand its capacities in Karnataka and Maharastra, is planning to invest over Rs 5,000 crore to strengthen its downstream manufacturing capabilities, company's Joint MD Seshagiri Rao told PTI. This will enable the company to re-orient its product mix and focus on high value special steel products and customisation, he said.
Read by 43% of LPs 3 hours, 5 minutes ago

Asia's Esports Scene Spawns Raft Of New Businesses - Nikkei Asian Review

As well as being able to load content faster than ever before, you'll now find it's much easier to find all the content you need about the Asian business world. SINGAPORE/DALIAN, China/TOKYO -- Competitive video gaming has become a serious business in Asia, home to half the world's esports audience.
Read by 77% of LPs 13 hours, 35 minutes ago

Billionaires Vs. Poverty: Behind A Push To Use Data To Boost Economic Opportunity In Cities -- Inside Philanthropy

Some of the nation's wealthiest philanthropists have lately swung behind new work to make city economies more equitable and inclusive. We look at the latest initiative attracting big grant money.
Read by 44% of LPs 16 hours, 35 minutes ago

Mcdonnell Investment Management To Integrate Into Loomis Sayles | Swfi - Sovereign Wealth Fund Institute

McDonnell Investment Management, LLC is being integrated into Loomis Sayles & Company, L.P. by the early part of 2019. Both asset managers are affiliates of Natixis Investment Managers. The cost saving measure will enable McDonnell clients opportunities to Loomis Sayles' resources and operational capabilities. McDonnell Investment Management manages US$ 11.7 billion in assets at September [...]
Read by 57% of LPs 16 hours, 35 minutes ago

Investment Chief Resigning From $12B Hawaii Endowment

If you have not previously registered with a Euromoney group website please tick below so that we can keep you updated about Institutional Investor and other Euromoney group company products and services by: You can also visit our preference centre and make more specific selections based on your interests. Of course, you can unsubscribe at any time. If you have previously registered with a Euromoney group website and wish to update your marketing preferences, then please visit our preference centre to do so. The Kamehameha Schools system is searching for a new investment leader as Elizabeth Hokada prepares to retire.
Read by 37% of LPs 17 hours, 5 minutes ago

Are Jared And Ivanka Good For The Jews? - The New York Times

Jared Kushner and Ivanka Trump in the Hall of Remembrance at Yad Vashem in Jerusalem in 2017.: Jewish communities stand more divided than ever on whether to embrace or denounce Jared Kushner and Ivanka Trump. On election night in Beverly Hills, Jason Blum, the hot shot horror-movie producer, was accepting an award at the Israel Film Festival. The polls in a string of midterm contests were closing, and Mr. Blum, a vocal critic of President Trump, was talking about how much was at stake.
Read by 79% of LPs