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Thoma Bravo raises $12.6 billion for latest private equity fund

2 months ago DieselGasoil Comments Off on Thoma Bravo raises $12.6 billion for latest private equity fund
(Reuters) – Thoma Bravo LLC, a private equity firm specializing in buying technology companies, has raised $12.6 billion for its latest flagship fund, the firm’s managing partner, Orlando Bravo, said on Monday, amid strong investor demand for deals in the sector. The buyout firm’s fundraising hit its “hard cap” limit for Thoma Bravo Fund XIII, Read More

Amundi: return to EM, DM credit; but too early for EU equities

2 months ago DieselGasoil Comments Off on Amundi: return to EM, DM credit; but too early for EU equities
LONDON (Reuters) – Amundi Asset Management, Europe’s largest fund manager, has recommended investors restart building exposure to emerging markets and developed market credit, assets which are often considered more risky, after last year’s brutal sell-off. A specialist trader is reflected on his screen on the floor of the New York Stock Exchange August 25, 2015. Read More

Amundi: return to EM, DM credit; EU equities 'still challenging'

2 months ago DieselGasoil Comments Off on Amundi: return to EM, DM credit; EU equities 'still challenging'
A specialist trader is reflected on his screen on the floor of the New York Stock Exchange August 25, 2015. REUTERS/Brendan McDermid LONDON (Reuters) – Amundi Asset Management has recommended investors restart building their exposure to emerging markets and developed market credit, assets which are often considered more risky, after suffering a brutal sell-off last Read More

Your Money: How to get 20 percent off your tax bill

2 months ago DieselGasoil Comments Off on Your Money: How to get 20 percent off your tax bill
NEW YORK (Reuters) – Tax filing season for 2018 returns starts this week, and the most complicated changes brought about by the Tax Cut and Jobs Act are still barely comprehensible. FILE PHOTO: Copies of tax regulations are seen during a markup on the “Tax Cuts and Jobs Act” on Capitol Hill in Washington, U.S., Read More

Aston Martin falls 5% in its London IPO

2 months ago DieselGasoil Comments Off on Aston Martin falls 5% in its London IPO
You could own James Bond’s car Aston Martin is joining the ranks of listed automakers with an IPO that values the British company at more than $5 billion. But its first day of trading in London got off to a rocky start. The favorite carmaker of fictional British secret service agent James Bond priced its Read More

SoftBank and Toyota want driverless cars to change the world

2 months ago DieselGasoil Comments Off on SoftBank and Toyota want driverless cars to change the world
Meet ‘crazy’ tech tycoon Masayoshi Son SoftBank and Toyota want to change the world of transportation through autonomous vehicles and other technologies. The high-profile Japanese companies are forming a joint venture called Monet to develop businesses that will use driverless-car technology to offer new services, such as mobile convenience stores and delivery vehicles in which Read More

Starboard Value co-founder Mark Mitchell retires from firm

2 months ago DieselGasoil Comments Off on Starboard Value co-founder Mark Mitchell retires from firm
NEW YORK (Reuters) – Mark Mitchell, the co-founder of Starboard Value LP who helped turn it into one of Wall Street’s most high-profile activist hedge funds, retired from the New York-based firm earlier this month, people familiar with the matter said on Friday. Mitchell retired from Starboard effective Jan. 15, according to an automated response Read More

U.S. pensions seen moving $12 billion to bonds from stocks: Wells Fargo

2 months ago DieselGasoil Comments Off on U.S. pensions seen moving $12 billion to bonds from stocks: Wells Fargo
NEW YORK (Reuters) – U.S. pension funds are projected to shift $12 billion into bonds from stocks in a rebalancing of their investments at the end of January, amid a rebound in the stock market following a sharp sell-off in late 2018, Wells Fargo Securities analysts said on Friday. The expected reallocation into fixed income Read More

U.S. government shutdown may yield a recession: Scaramucci

2 months ago DieselGasoil Comments Off on U.S. government shutdown may yield a recession: Scaramucci
NEW YORK (Reuters) – The U.S. government’s partial shutdown might be enough to tip America’s economy into recession if it runs longer than another month, a former White House aide said on Thursday. Chelsea Higbee (R), the wife of a member of the U.S. Coast Guard working without pay during the government shutdown, picks up Read More

Hedge fund prepares proxy fight to oust embattled PG&E's board

2 months ago DieselGasoil Comments Off on Hedge fund prepares proxy fight to oust embattled PG&E's board
(Reuters) – PG&E Corp (PCG.N) shareholder BlueMountain Capital Management LLC said on Thursday it is preparing a challenge to the embattled utility owner’s board, arguing its plan to file for bankruptcy in the wake of catastrophic wildfires in California is harming investors. FILE PHOTO: PG&E works on power lines to repair damage caused by the Camp Fire in Paradise, California, Read More