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barrons.com January 23, 2019

Blackrock's Stock-picking Turnaround Is Under Threat As Investors Keep Pulling Out Cash - Barron's

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.
Read by 41% of LPs

investopedia.com January 16, 2019

Financial Sector Gaps Higher As Earnings Make A Turnaround

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.
Read by 35% of LPs

benzinga.com December 20, 2018

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.
Read by 69% of LPs

business-standard.com November 19, 2018

Mphasis: A Classic Turnaround Story | Business Standard News

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.
Read by 37% of LPs

bloomberg.com July 11, 2018

Elliott Plans To Hold Onto Ac Milan, Plot Turnaround

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.
Read by 48% of LPs

telegraph.co.uk July 10, 2018

Deutsche Bank Turns To Investor Cerberus For Turnaround Advice

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.
Read by 53% of LPs

bloomberg.com January 25, 2018

U.S. College Endowments Gained 12.2% In Best Showing Since 2014

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.
Read by 41% of LPs

straitstimes.com August 29, 2017

GIC's Investment A Boost To Indian RE Developer's Risk Profile

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.
Read by 79% of LPs

reuters.com May 22, 2017

Hedge Funds Shuffle Positions As OPEC Decision Nears

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...
Read by 64% of LPs

marketwatch.com April 11, 2017

Activist Investor Jana Amasses Large Stake In Whole Foods

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.
Read by 69% of LPs