Morgan Creek Capital Management opened a new class of fund called Morgan Creek Tactical Allocation to allow retail investors access to exclusive investment portfolios.
Investors
Confie Seguros acquires Retail Agency Group of Affirmative Insurance Holdings Inc.
Formal agreements were recently signed between Confie Seguros and Affirmative Insurance Holdings as to the acquisition of the retail distribution arm of AFFM.
Mongolia will buy stake in Areva's uranium venture- PM
Prime Minister Norovyn Altankhuyag of Mongolia announced his government's plans to buy a strategic stake in Areva Mongol's uranium venture.
Philips announces plans to return EUR 1.5 billion to shareholders
Philips announced plans to return EUR 1.5 billion back to its shareholders. Netherlands-based electronics firm Philips said it had plans of returning EUR 1.
Perceva infuses recapitalization funds into Monceau Fleurs Group
French investor Perceva would take over Monceau Fleurs Group through recapitalization. Independent turnaround investor based in France Perceva had announced it would be taking over the Monceau Fleurs Group.
Latest News
In an interview with Reuters, Maurel & Prom CEO Jean-Francois Henin said his company was mulling a secondary listing in London.
Sharp planned to issue 450 million new shares in a USD 1.7 billion fundraising plan. Sources told Reuters that Sharp Corp would be issuing 450 million new shares to raise funds.
Fans of Grand Theft Auto 5 received early copies of Grand Theft Auto 5. Early copies of the highly-successful game Grand Theft Auto 5 (GTA 5) was released in the UK.
The British goverment said in a statement today that through UK Financial Investments Ltd, it has sold its 6% of its issuing stock in Lloyds Banking Group Plc for GBP3.2 billion.
In a finding by the Financial Conduct Authority, Barclays payments to investors post-2008 without proper disclosure was called reckless.
Schaeffler AG said in a statement that the sale of its combined 4% stake in Continental AG with holding company Schaeffler Verwaltungs GmbH would be used to repay borrowings made to takeover Continental.
In a bid to increase its contribution to ZTE's overall revenues, the cloud computing and IT productions operations of the firm had laid out plans to expand cloud computing in China.
Soros and Golmand Sachs-backed Essent Group Ltd. filed for an initial public offering yesterday valued USD287.5 million.
Yesterday, Post Holdings Inc. said that it had agreed to acquire Dakota Growers Pasta Co in a deal priced at USD370 million.
