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straitstimes.com 7 hours, 4 minutes ago

Sti Inches Up Amid Mixed Regional Showing, Companies & Markets News & Top Stories - The Straits Times

July 09, 2020 5:00 AMLocal shares eked out modest gains yesterday against a mixed showing by regional peers as investors sought to get a handle on the direction of the global recovery.
Read by 32% of LPs

straitstimes.com 18 hours, 24 minutes ago

Gic-backed Traveloka Nears Fresh Fund Raising At Sharply Lower Valuation, Companies & Markets News & Top Stories - The Straits Times

July 08, 2020 10:21 AMSINGAPORE (BLOOMBERG) - Traveloka, South-east Asia's biggest online travel start-up, is close to raising fresh funds at a private-market valuation of about US$2.75 billion - roughly 17 per cent less than its most recent fundraising, according to people familiar with the matter.
Read by 75% of LPs

dealstreetasia.com 18 hours, 29 minutes ago

Facebook Pays $5.8B Subscription Amount To Jio Platforms

Facebook was the first deal announced by Jio Platforms on 22 April, after which 11 more foreign investors evinced interest. The post Facebook pays $5.8b subscription amount to Jio Platforms appeared first on DealStreetAsia.
Read by 59% of LPs

dealstreetasia.com July 07, 2020

Ph-focused Pe Firm Navegar Closes Second Fund At $197m, Exceeds Target

The fund, which had a target of $150m, has already completed two investments. The post PH-focused PE firm Navegar closes second fund at $197m, exceeds target appeared first on DealStreetAsia.
Read by 33% of LPs

brisbanetimes.com.au July 07, 2020

Virgin Australia Bondholder Broad Peak Investment Launches Court Action Over Secret Bain Capital Deal

One of Virgin Australia's largest bondholders is pushing to unseal the secret details of a deal to sell the bankrupt airline to private equity firm Bain Capital.
Read by 65% of LPs

swfinstitute.org July 07, 2020

Rothschild & Co Asset Management Moves Hedge Fund Business To Candriam

Rothschild & Co Asset Management Europe, part of Rothschild & Co. group, revealed plans to move its entire hedge fund business to Candriam. This business is worth around EUR350 million. The deal includes Rothschild AM's alternative investment "fund of funds" and a micro-finance unit. The deal will boost Candriam's hedge fund assets to EUR600 million. [...]
Read by 68% of LPs

swfinstitute.org July 07, 2020

Rothschild & Co Asset Management Moves Hedge Fund Business To Candriam

Rothschild & Co Asset Management Europe, part of Rothschild & Co. group, revealed plans to move its entire hedge fund business to Candriam. This business is worth around EUR350 million. The deal includes Rothschild AM's alternative investment "fund of funds" and a micro-finance unit. The deal will boost Candriam's hedge fund assets to EUR600 million. The move is pending regulatory approvals. In the grand scheme, Rothschild manages more than EUR21 billion and Candriam has roughly EUR130 billion in assets under management. Candriam is owned by New York Life Insurance Company.
Read by 31% of LPs

business-standard.com July 07, 2020

Sovereign Wealth Funds To Get Tax Relief On Infrastructure Bets: Cbdt | Business Standard News

CBDT notifies changes that will also apply to pension funds. : Investments by sovereign wealth funds (SWFs) and pension funds in 34 key infrastructure sectors including hotels, cold chains, educational institutions, hospitals and gas pipelines will get tax exemptions on some categories of incomes, the Central Board of Direct Taxes (CBDT) said on Tuesday. In this regard, the CBDT aligned the definition of infrastructure with the harmonised master list of infrastructure sub-sectors notified by the Department of Economic Affairs in August, 2018.
Read by 39% of LPs

swfinstitute.org July 07, 2020

Omers Ventures Leads Series B Round Into Solink

Founded in 2010, Solink Corporation provides video security and business analytic solutions for businesses including restaurants, retailers, and financial organizations. IT Ventures also participated in the round. Laura Lenz, partner at OMERS Ventures, will join Solink's board of directors. OMERS Ventures is a unit of the Ontario Municipal Employees Retirement System (OMERS).
Read by 43% of LPs

financialexpress.com July 07, 2020

Cbdt Notifies Income Tax Exemption On Sovereign Wealth Funds' Income From Infra Investment - The Financial Express

This notification shall come into force from April 1, 2021, and shall be applicable for the assessment year (AY) 2021-22 and subsequent AYs, the CBDT said.
Read by 47% of LPs