Private equity giant Warburg Pincus LLC will be acquiring a majority stake in Source, an asset management firm based in London for an undisclosed amount, Bloomberg reported.
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Indices of S&P Dow Jones indicated that exchange-traded funds might surpass hedge funds in terms of being attractive investments. Analysts earlier argued that the attractiveness of the securities were due to ETFs' cheap prices.
The Alfonso Soriano trade will bring salary relief to the Cubs and is also part of the team's asset management plan.
India's ICICI said that it is picking exporter stocks amidst foreign fund exits.