Seth Klarman's Baupost Group, for only the second time, would return money to its clients. One of the largest hedge funds in the world, Seth Klarman's Baupost Group has nearly USD28 billion in its portfolio, had laid out plans to return money to its clients by the end of 2013.
Firm Management
Private equity fund hires former Standard Bank Group execs for Johannesburg office
One Thousand & One Voices formed its private equity team to run its office in Johannesburg. Private equity fund One Thousand & One Voices announced the hiring of three former executives of Standard Bank Group Ltd to run its office in Johannesburg.
Barclays to close wealth management services
In a bid to reduce complexity and increase profits, Barclays is shutting down its wealth management services in 130 countries.
Capitec has new CEO in Fourie after Stassen Retirement
Capitec Bank Holdings Ltd. announced in a regulatory filing that Gerrie Fourie would be Riaan Stassen's successor for the chief executive post after the latter's retirement by the end of this year.
RANOVUS Inc scores USD 11 million in latest financing round from PE firms
RANOVUS raised USD 11 million from various venture firms for its latest financing round. RANOVUS Inc announced that it was able to raise USD 11 million in its financing round.
Latest News
After making its IPO intentions public, the choice of the bourse to register takes centerstage for microblogging service Twitter.
With what had been called the best iPhone launch ever, the finances of the company have been revised.
Saad Al Muhannadi and Rachid Al Naimi were appointed as President of the Qatar Foundation and CEO of Qatar Foundation Investments respectively.
A source told Bloomberg that Sony's Head of Marketing for its film unit, Marc Weinstock, was removed from his role.
B2Gold Corp said the company had seen good deals for possible acquisitions in the next 12 months, according to a Bloomberg report.
Zafrul Aziz, Maybank's investment banking chief, submitted his resignation and would be joining CIMB Group Holdings Bhd, according to a Bloomberg report.
Entergy Corp officials said on Monday that the company had resubmitted its grid plan sale to Texas regulators.
Real estate brokerage Marcus & Millichap Inc. filed an IPO to raise USD103.5 million. Marcus & Millichap Inc. had filed an initial public offering of common stock with US regulators to raise up to USD103.
Vista Equity Partners had agreed to take Greenway Medical Technologies Inc. private in a deal valued USD644 million.
