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Family offices

Pallonji Shapoorji Mistry and son Cyrus

"Quiet" Mistry sees $2.8 billion wealth swell due to TCS rally

Pallonji Shapoorji Mistry was said to have earned $2.8 billion last year because of its holdings in Tata Consultancy Services Ltd and significant earnings in his construction group, Shapoorji Pallonji Group.

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Higgs Capital Management

Commodity hedge fund Higgs Capital winding down -founders

Commodity hedge fund Higgs Capital Management, which manages some $250 million, will wind down and return money to investors, its founders said in a note on Monday.

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COMMODITY HEDGE FUND HIGGS CAPITAL MANAGEMENT WINDING DOWN, RETURNING MONEY TO INVESTORS - CO-FOUNDER

HIGGS HAD ROUGHLY $250 MLN UNDER MANAGEMENT, INVESTED ACROSS ENERGY, METALS AND AGRICULTURE

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Wells Fargo Bank

Arbitration panel orders Wells Fargo & Co to repurchase auction rate debt

A Financial Industry Regulatory Authority arbitration panel ordered the San Francisco-based brokerage unit of Wells Fargo & Co to buy back auction rate securities amounting to $94 million from its investors.

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Nordic Capital

German private equity firm Nordic Capital secures $4.8B for eight buyout fund

Frankfurt, Germany-based private equity firm Nordic Capital said on Friday it has raised €3.5 billion ($4.8 billion) for its eight buyout fund amid decreased volatility in Europe.

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McRock Capital

Toronto's McRock Capital initially closes Industrial Internet venture capital fund with $50 million

McRock Capital, an investment firm in Toronto, has initially closed its Industrial Internet venture capital fund with $50 million in a round led by BDC Venture Capital.

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Credit Suisse

Credit Suisse names investment banker to lead Swiss ultra-rich clients

Credit Suisse is promoting veteran Swiss investment banker Thomas Gottstein to head up its ultra-rich clients business in Switzerland, highlighting the expertise increasingly sought by private banks to cater to their wealthiest customers.

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Hong Kong real estate

Hongkongers' property purchase intentions drop -survey

An annual Citibank survey found that Hongkongers' interest in purchasing property dropped more than 10% year-on-year and that the average quarterly property transactions fell by 40%.

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Zurich Financial Services logo

Financial advisers make use of social media for business

Social media is utilized by financial advisers to connect with managers and prospective clients.

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Peugeot Anticipates 15% Contribution from Chinese Sales

Dongfeng and France to invest in Peugeot

Chinese carmaker and France to contribute EUR1.5 billion individually for the expansion of Peugeot in Europe and in Asia.

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Versace

Versace nearing the inclusion of a minority partner

In an interview, Donatella Versace confirmed the near finalization of a deal with a minority stakeholder.

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Vitra

Alvar Aalto's design house sold to Vitra for global exposure

Finnish modern design house Artek sold its business to Swiss design firm Vitra.

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Brookfield Asset Management

Brookfield announces that it has raised over US$14 billion in its latest initiative

Brookfield Asset Management stated that various international investors of one of their initiatives have now committed over US$14 billion.

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Coal

Bumi nears completion of $500M deal for Bakrie exit

The Indonesian coal producer is close to completion of a deal pegged at US $500M that will mark Bakrie's exit.

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