Gerald Sparrow sees blue skies ahead for stocks this year. : Gerald Sparrow, who manages the Sparrow Capital Management Fundamental Growth portfolio for Interactive Brokers Asset Management, is upbeat on the outlook for stocks in 2019. In an interview with Business Insider, which surveyed the thinking of eight money pros, Sparrow said that he's wary of companies relying on acquisition-fueled growth. "If a company doubles its size, but it's because they combined with another business, that would be a red flag for us," Sparrow told (subscription required) Business Insider. "We prefer unit volume," he added.
By LNG World News The diminishing natural gas demand over the course of the current winter has forced China National Offshore Oil Corp (CNOOC) to sell a cargo of liquefied natural gas on standby offshore South Korea. Read Full Article Here For more great articles: LNG World News.
City law firm FieldFisher has set up a separate practice with lower overheads to attract hedge fund clients who could not afford its fees. Cummings Fisher is a standalone law firm and a subsidiary of FieldFisher that is the latest "alternative solution" created by the firm. Field Fisher bought Cummings Law - set up in 2003 by Claire Cummings - last year, and has now relaunched it with two additional partners, Ron Feldman (formerly a partner at MJ Hudson) leading the derivatives practice and James Tinworth, who was previously head of hedge funds at Stephenson Harwood, heading the funds practice.
Seth Klarman's Baupost Group has been the poster child of the hedge fund industry's ill-timed stock-market bets on the troubled utility PG&E Corp., which announced plans for bankruptcy. It turns out, though, that Baupost's stock purchases, valued at $873 million at the end of September, are just part of a bigger and more complex wager on California's largest utility. Baupost also bought $1 billion of legal claims in November that an insurer held against the utility, giving the hedge fund the right to recover losses incurred from the deadly wildfires in 2017, according to people familiar with the matter.
IRVINE, Calif., Jan. 21, 2019 /PRNewswire/ -- Carlyle Capital has announced that construction is scheduled to begin next month on a hilltop property in Bel Air, California that includes some of the biggest names in the industry. World renown real estate developer Ilan Sharone bought the property in November 2018 for $7.3 million with the help of partners Mark Atalla and Andrew Abas of Carlyle Capital. As a team they plan to demolish the existing ...Full story available on Benzinga.com.
Private equity firms Cinven and Advent have teamed up to bid in an auction that could value Nestle's (NESN.S) skin health business at about 7 billion Swiss francs ($7 billion), three sources familiar with the m [...]
Xander invests primarily in companies in infrastructure, hospitality, entertainment, retail and real estate sectors. It manages equity capital in excess of $2 billion. The post Real estate PE Xander in talks to set up logistics platform in India appeared first on DealStreetAsia.
Private equity company Apollo Global Management is in advanced talks to buy Europe's biggest plastics packaging maker RPC Group for more than $3.8 billion, the Wall Street Journal reported https://on.wsj.com/2RHnm0W on Monday.
Guggenheim Investments and the World Wildlife Fund have commissioned a study to review sustainability standards for multi-stakeholder infrastructure programs, noting the need for further clarity as sustainable infrastructure transitions into an institutional asset class. "It's clear that public funds alone are not enough to address the world's critical infrastructure needs," said Scott Minerd, chairman of Guggenheim ...
NEW YORK, Jan. 21, 2019 /PRNewswire/ -- This report analyzes the worldwide markets for Hospital Information Systems (HIS) in US$ Thousand by the following Segments: Clinical Information Systems, and Non-Clinical Information Systems. Read the full report:...