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multihousingnews.com 1 hour, 58 minutes ago

Invesco Sells Manhattan Apartment Tower For $381M

The firm sold the 396-unit luxury high-rise community after nearly a decade of ownership. : Eight years after purchasing a 396-unit apartment tower in Manhattan's NoMad neighborhood, investment management fund Invesco has closed on the sale of luxury high-rise Instrata NoMad to Global Holdings Management Group for $380.6 million, according to public records. The buyer financed the purchase with a $250 million loan from Wells Fargo Bank. Invesco purchased the property back in late 2012 for $300 million from New York-based commercial real estate firm Rose Associates.
Read by 70% of LPs

techcrunch.com 6 hours, 13 minutes ago

South African Fintech Startup Jumo Raises Second $50m+ Vc Round - Techcrunch

South African fintech startup Jumo closed a $55 million round from a diverse group of investors, the company confirmed. Founded in 2015 and based in Cape Town, the venture offers a full tech stack for partners to build savings, lending, and insurance products for customers in emerging markets. This week's funding follows a $52 million [...]
Read by 56% of LPs

pymnts.com 16 hours, 58 minutes ago

African Financial Startup Jumo Notches $55M

FinTech upstart JUMO has notched $55 million in equity and debt funding. The newest investment round had participation from current investors, with the inclusion of Odey Asset Management, Leapfrog Investments and Goldman Sachs, in addition to new undisclosed investors, Quartz reported. Andrew Watkins-Ball, the South African founder of JUMO, noted that the "next phase" of the firm will have [...]
Read by 63% of LPs

hedgeweek.com 19 hours, 8 minutes ago

Star Turns! Who Took The Honours At The Hedgeweek European Awards 2020?

26th Feb 2020 - 7:00pm Star turns! Who took the honours at the Hedgeweek European Awards 2020? Submitted 26/02/2020 - 7:00pm The Hedgeweek European Awards 2020 recognise excellence among hedge fund managers and service providers, and celebrates the achievements of firms that contributed to another significant year for the sector. The winners, who were presented with their awards at a ceremony in London on 26 February, were decided by a poll of Hedgeweek readers which included industry professionals at hedge fund management firms, investors, fund administrators, custodians, accountants and auditors, law firms, consultants and fund distributors.
Read by 34% of LPs

hedgeweek.com 19 hours, 8 minutes ago

Eversheds Sutherland Named 'best Law Firm' 2020 By Hedgeweek

26th Feb 2020 - 7:30pm Eversheds Sutherland named 'Best Law Firm' 2020 by HedgeWeek Submitted 26/02/2020 - 7:30pm Eversheds Sutherland has been named Best Law Firm at the HedgeWeek European Awards 2020. The annual awards recognise excellence among hedge fund managers and service providers across Europe. The nominations are based on a 'peer review system' whereby readers, are invited to elect a 'best in class' in a series of categories. Eversheds Sutherland combines specialist knowledge and in-depth experience to advise on a range of areas. It is recognised as a lead adviser to the asset management industry.
Read by 42% of LPs

benzinga.com February 25, 2020

Cit Leads $66M In Real Estate Financings For Bkm Capital Partners

NEW YORK, Feb. 25, 2020 /PRNewswire/ -- CIT Group Inc. (NYSE:CIT) today announced that its Real Estate Finance business has arranged $66 million in financings on behalf of BKM Capital Partners, a real estate fund manager specializing in the acquisition and improvement of light industrial multi-tenant properties in metro areas across the Western U.S. The financings supported the acquisition of three commercial real estate properties that were part of a larger 11-property industrial portfolio acquired by BKM in Arizona, California and Washington. Property transactions financed through CIT included: Vista Tech Center, a 54-unit multi-tenant industrial property in Vista, California.
Read by 51% of LPs

uk.reuters.com February 25, 2020

Hedge Fund Third Point Calls On Prudential To Break Up

Hedge fund Third Point LLC amassed a more than $2 billion stake in Prudential Plc and called on the British insurer on Monday to split into two companies.
Read by 50% of LPs

nypost.com February 25, 2020

Hedge Fund Third Point Calls For Break-up Of Britain's Prudential

Hedge fund Third Point amassed a more than $2 billion stake in Prudential and called on the British insurer on Monday to split into two companies. Third Point's demands, first reported by Reuters earlier on Monday, could lead to a major shake-up at Prudential, only a few months after it spun out its European insurance...
Read by 37% of LPs

in.reuters.com February 24, 2020

Hedge Fund Third Point Calls On Britain's Prudential To Break Up

Hedge fund Third Point LLC amassed a more than $2 billion stake in Prudential Plc and called on the British insurer on Monday to split into two companies.
Read by 43% of LPs

firstpost.com February 24, 2020

Hedge Fund Third Point Calls On Britain's Prudential To Break Up

By Svea Herbst-Bayliss (Reuters) - Hedge fund Third Point LLC amassed a more than $2 billion stake in Prudential Plc and called on the British insurer on Monday to split into two companies. Third Point's demands, first reported by Reuters earlier on Monday, could lead to a major shake-up at Prudential, only a few months after it spun out its European insurance and asset management businesses into a new company called M&G Plc . The post Hedge fund Third Point calls on Britain's Prudential to break up appeared first on Firstpost.
Read by 73% of LPs