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OSK International Investments Hong Kong Ltd, a subsidiary of OSK Holdings Berhad, one of Malaysia’s leading investment services firms, is to launch a new resource investment fund as part of a broad ranging initiative to boost the company’s presence in Hong Kong.
The new fund, the OSK Resources Fund, will invest in companies directly involved in the natural resources sector, especially those focused on China’s rapidly expanding appetite for hard and soft commodities. Other funds covering other sectors including Islamic funds are expected to follow.
HealthPlan Holdings, a portfolio company of Water Street Healthcare Partners, has acquired Zenith Administrators, Inc. The company will merge Zenith with its subsidiary, American Benefit Plan Administrators, Inc, creating a national third-party administrator of health care, retirement and other benefits to Taft-Hartley trust funds, and state and municipal plans.
Together, ABPA and Zenith will have more than 1,200 employees dedicated to providing benefit administration services to nearly 2 million plan participants across the country. The newly merged companies will offer customers the broadest range of services to administer benefits and manage compliance requirements associated with their Taft-Hartley plans. In addition,
Capital IQ has launched its first iPad application for the Capital IQ platform. The application offers clients the ability to sync documents such as investment research, investor meeting transcripts and company filings to their iPad for easy offline access.
Mobile access to the Capital IQ platform itself, including the majority of its unique workflow tools, is already available via Apple’s Safari and other browsers.
"We are excited to provide our users with a mobile solution that fits how they work on-the-go," says Colleen Coda, Chief Technology Officer at Capital IQ. "Our iPad app provides fast, easy access to the documents
The board of Castle Private Equity AG , the SIX Swiss Exchange listed fund of private equity funds, proposed on 13 July 2011 to buy back own shares for cancellation up to a maximum value of USD 15 million.
Regulatory approval has now been received for the buyback of up to 4% of the share capital, equivalent to a maximum of 1,728,000 shares. The effective size of the programme remains at the discretion of the board to account for portfolio liquidity and market conditions.
To ensure tax efficiency the share buyback programme will be executed via a second trading line denominated in CHF,
Peakside Capital, a specialist European real estate private equity firm, has, on behalf of Peakside Real Estate Fund I (PREF I), successfully concluded the sale of a prime mixed use asset in Berlin to a private investor for in excess of EUR12 million. With a price 15% above the property’s latest valuation, the transaction reflects a net initial yield below 5%.
Located on Kurfürstendamm, in one of Berlin’s prime retail and office areas, the asset comprises over 4,000 sqm of retail, office and residential space. The sale of the asset follows an extensive asset management plan undertaken by the Company,
Schroders’ Chief Investment Officer, Alan Brown comments on Friday’s market volatility…
Two items of news lie behind the continuing market rout: the sharp decline in the Philadelphia Index and the news that other Eurozone countries were likely to seek to negotiate collateral arrangements from Greece to match the deal that Finland has achieved. As such this is a continuation of the same two themes, concern over the prospects for world growth and concerns over the stability of the Eurozone.
As often happens at times of great uncertainty, natural value buyers will often sit on the side lines rather than try
Ray LaSoya has joined US law firm Stroock & Stroock & Lavan as a Partner, with immediate effect. LaSoya will be resident in the firm’s Los Angeles office and will serve as the National Chair of Stroock’s Private Equity Practice Group.
LaSoya has worked on a variety of complex corporate transactions, including tender offers, acquisitions and divestitures, public offerings and private equity investments. He counsels clients in the areas of public disclosure, reporting and corporate governance. He represents both public and private companies, including private equity investors and their portfolio companies, in their day-to-day legal affairs and in transactions across
Just under two-thirds of infrastructure funds charge management fees of 2% on funds that are currently raising or that have closed in the recent past despite pressure for lower fees from investors with 62% believing that management fees are too high.
The data was collected as part of the 2011 Preqin Infrastructure Review, which investigates the alignment of interests between investors and fund managers.
According to the research, 51% of investors interviewed for the study believe that interests between fund managers and investors are not properly aligned; this is an improvement from 72% who believed the same in June 2010.
Alex Orus (pictured), CIO, Blue Diamond Asset Management, on the current ‘flight to safety’ prompted by the recent political and market turmoil…
The political and market turmoil has caused many investors to aggressively reduce or exit equity markets in favour of what the global media and investors call “safe assets” – for example, US treasuries, Swiss and German government bonds.
It is understandable that investors want to de-risk their portfolios as long as political leaders, in particular in Europe, are struggling to take any decisions that would make sense in the long-run. However, we believe that a “de-risking” of a
Novem Vermögensverwaltungs has sold Novem Beteiligungs (Novem) to funds managed by private equity firm Bregal Capital LLP.
Novem is a globally active manufacturer of high-quality decorative components and functional elements for vehicle interiors, with headquarters in Vorbach, Germany. As the world market leader for fine wood decorative components, Novem supplies renowned automotive manufacturers like Audi, BMW, Daimler, VW, Volvo, Range Rover, Maserati, Lincoln and Cadillac. The company’s revenue in the fiscal year ending March 2011 was more than EUR 270 million.
In 2008, financial investor Barclays Private Equity acquired the majority of Novem. As a consequence of a significant decrease
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