This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. https://www.barrons.com/articles/blackrocks-stock-picking-turnaround-is-under-threat-as-investors-keep-pulling-out-cash-51548256250 It's been almost two years since BlackRock (BLK) kick-started a radical plan to overhaul its active equities division, but lackluster performance and the continuing flow of assets draining out of its funds have frustrated ambitions for its stock-picking arm.
Bank of America and Goldman Sachs reported strong fourth quarter earnings, which alleviated concerns following weak earnings elsewhere. : The SPDR Financial Select Sector ETF (XLF) rose nearly 2% during Wednesday's session after Bank of America Corporation (BAC) and The Goldman Sachs Group, Inc. (GS) reported better-than-expected fourth quarter financial results. While trade tensions and a possible economic downturn remain a concern, most banking executives believe that the underlying economic data is still healthy and that trading remains robust.
Krupa Global Investments Critiques Diebold Nixdorf Executive Compensation And Turnaround Plan; Releases Information Demand
PRAGUE, Dec. 20, 2018 /PRNewswire/ -- Krupa Global Investments ("KGI"), one of the largest institutional shareholders of Diebold Nixdorf, is demanding answers from management of the Ohio-based financial and retail technology company in an open letter to management released on December 18, 2018. The letter is an update on an initial information demand issued on August 1, 2018 demanding specific information from management pursuant to Section 220 of Delaware General Corporation Law. Krupa Global Investments currently owns 862,948 shares of Diebold Nixdorf, equal to an approximately 1.1% of outstanding shares.
MphasiS has been a steady performer on the operational front since the last two years. : Takeover by the US-based private equity firm Blackstone and a sharp turnaround in HP/DXC channel, which constitutes nearly 30 per cent of its business, have changed the fortunes of the midcap IT company MphasiS, and how! The Bengaluru-based IT services firm got a new lease of life when Blackstone acquired a controlling 60.5 per cent stake in the company from Hewlett-Packard Enterprise (HPE) in September 2016.
Elliott Management Corp., the investment firm run by billionaire Paul Singer, plans to hold onto AC Milan and run the Italian football club alone -- at least until it's back on solid footing, according to people familiar with the matter. The New York-based hedge fund said Tuesday it had taken control of AC Milan, after the club's Chinese owner defaulted on its debt obligations.
Troubled Deutsche Bank has turned to one of its investors for advice on how to turn around fortunes at the loss-making lender. Chief executive Christian Sewing has hired New York-based private equity firm Cerberus as an adviser. The turnaround specialist has a roughly 3pc stake in Deutsche Bank and its other investments include fellow German lender Commerzbank. Mr Sewing, who took over from ousted Yorkshire-born boss John Cryan earlier this year, announced early in his tenure that he would push through more than 7,000 job losses, with the axe mainly falling in its under-performing investment bank.
U.S. college endowments gained 12.2 percent on average in fiscal 2017, the best performance in three years, according to an industry survey. The performance for the year ended June 30 marks a turnaround from a year earlier when the average endowment incurred a loss.
Singapore's sovereign wealth fund is buying one-third of the rental property unit of India's largest developer in a $1.4 billion investment viewed as a turnaround point in the country's debt-laden real estate business.
LONDON Hedge funds have started to rebuild bullish long positions in crude oil as OPEC prepares to extend its production cuts for an additional nine months. Hedge funds and other money managers increased their net long position in the three major futures and options contracts linked to Brent and WTI by 6 million barrels in the week to May 16 (tmsnrt.rs/2qGJbP8). While the increase was small it marks a turnaround after three consecutive weeks in which funds had reduced their net long position by a total of 308 million barrels (tmsnrt.rs/2rI6bMg). There were sharply contrasting views in the market about...
Jana Partners has taken a nearly 9% stake in Whole Foods Market and wants it to accelerate its turnaround and explore a possible sale, increasing pressure on the upscale organic grocer to find its footing after its rapid growth stalled.