Goldman To Shut Down Two Hedge Funds Run Out Of Asia
Goldman Sachs Group Inc. is shutting two hedge funds run by senior executives based in Asia. The funds, which together manage about $1.4 billion in assets, were run by these Goldman Sachs partners.
Venture Funding In Asia Surpasses North America
Larry Haverty, the managing director of LJH Investment Advisors, and CNBC's Michael Santoli talk investing in China after Goldman Sachs reports that venture capital funding in Asia surpassed North America for the second consecutive quarter.
Cohen Heads East To 'Swing Big' With Point72 Ventures
Hedge fund manager Steven Cohen is bringing his passion for tech startups to Asia, along with his checkbook. Point72 Ventures is starting to evaluate prospects on the continent after putting millions of dollars into startups in the Americas and Europe.
Asia Stock Bulls Have Another Reason To Stay Positive
Asian equities may be at record highs but analysts see earnings season, which gets under way this week, providing a further boost.
Wall Street Need Not Fear China's Banks Yet
The great overseas push by China's investment banks has gone as far as locking up IPOs in Hong Kong. Beyond taking public some big names on their doorstep, they've made little headway in toppling Wall Street's Asia lead, and that's unlikely to change soon.
Indian Real Estate To Attract Institutional Investors
India's real estate sector will see inflow of institutional investment including from foreign players over the next five to ten years, said CBRE India and Southeast Asia Chairman Anshuman Magazine.
Uber Faces Widespread Asia Bribery Allegations
Uber, facing a federal probe into whether it broke laws against overseas bribery, has embarked on a review of its Asia operations and notified U.S. officials about payments made by staff in Indonesia, people with knowledge of the matter said.
Japan's Pension Fund Chikyoren Names New Manager For Overseas Investments
Japan’s Pension Fund Association for Local Government Officials, also known as Chikyoren, has named Mizuho Global Alternative Investments as its new manager for overseas infrastructure mandate, according to an Asia Asset Management report. This is part of the organisation’s efforts to further diversify its foreign portfolio and boost alternative investments. Mizuho Global Alternative Investments is an alternative investment vehicle of Mizuho Financial Group.
Correction May Loom For India Bank Stocks, Hedge Fund Warns
Shares of India’s banks may be set for a pullback, according to Vikas Gattani, chief investment officer at Singapore-based fund manager Progress Asia Capital and Advisors Pte. “In the absence of any sharp uptick in banking credit and a major redressal in the banks’ balance sheets via capital injection or otherwise, we fear that this sector could severely correct if the earnings do not keep pace with expectations,” Gattani wrote in a letter to investors seen by Bloomberg. The S&P BSE India Bank Index, a gauge of the nation’s largest lenders, reached a record high on Aug. 1. Indian stock...
Sequoia's Partner Quits To Launch VC Fund
Yinglan Tan was a venture partner at global VC firm Sequoia Capital until he resigned from the firm in June. Now, he's in the final stages of launching his own fund.