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Asset managers brace for more job cuts amid market turbulence

16 hours ago DieselGasoil Comments Off on Asset managers brace for more job cuts amid market turbulence
LONDON/NEW YORK (Reuters) – Turmoil on financial markets is expected to deepen layoffs and accelerate acquisitions in the fund management industry. FILE PHOTO: People walk through the financial district during rainy weather in London, Britain, September 23, 2018. REUTERS/Henry Nicholls/File Photo BlackRock (BLK.N), the world’s largest money manager, and industry No. 3 State Street (STT.N) Read More

A.J. Gallagher’s 'clean coal' business draws ire of green investors

4 days ago DieselGasoil Comments Off on A.J. Gallagher’s 'clean coal' business draws ire of green investors
BOSTON (Reuters) – Two of America’s best-known green investors are reassessing their stakes in global insurance broker Arthur J. Gallagher & Co after a Reuters investigation into the company’s lucrative side-business in “clean coal”. FILE PHOTO: A view of Duke Energyís Marshall Power Plant in Sherrills Ford, North Carolina, U.S., November 29, 2018. REUTERS/Chris Keane/File Read More

A.J. Gallagher's 'clean coal' business draws ire of green investors

4 days ago DieselGasoil Comments Off on A.J. Gallagher's 'clean coal' business draws ire of green investors
BOSTON (Reuters) – Two of America’s best-known green investors are reassessing their stakes in global insurance broker Arthur J. Gallagher & Co’s after a Reuters investigation into the company’s lucrative side-business in “clean coal”. FILE PHOTO: A view of Duke Energyís Marshall Power Plant in Sherrills Ford, North Carolina, U.S., November 29, 2018. REUTERS/Chris Keane/File Read More

Rubrik valued at $3.3 billion in latest Bain Capital-led funding

6 days ago DieselGasoil Comments Off on Rubrik valued at $3.3 billion in latest Bain Capital-led funding
(Reuters) – Data management startup Rubrik Inc said on Tuesday it raised $261 million in its latest funding round led by Bain Capital Ventures, valuing the company at $3.3 billion. Existing stakeholders – Lightspeed Venture Partners, Greylock Partners, Khosla Ventures and IVP – also participated in the Series E round of funding. The Palo Alto-based Read More

Equinor invests $269 million to increase Gullfaks production, North Sea

7 days ago DieselGasoil Comments Off on Equinor invests $269 million to increase Gullfaks production, North Sea
1/15/2019 Gullfaks field, North Sea. Illustration: Equinor. STAVANGER — The Gullfaks partners have decided to drill seven new wells and thereby improve oil recovery by 17 MMbbl with good profitability. On behalf of the license partners, Equinor’s executive vice president for Development and Production Norway, Arne Sigve Nylund, presented an amended plan for development and Read More

Equinor invests 269 million to increase Gullfaks production

7 days ago DieselGasoil Comments Off on Equinor invests 269 million to increase Gullfaks production
1/15/2019 Gullfaks field, North Sea. Illustration: Equinor. STAVANGER — The Gullfaks partners have decided to drill seven new wells and thereby improve oil recovery by 17 MMbbl with good profitability. On behalf of the license partners, Equinor’s executive vice president for Development and Production Norway, Arne Sigve Nylund, presented an amended plan for development and Read More

VRB Energy Completes Commissioning of Phase 1 of the Hubei Zaoyang 10MW/40MWh Utility-Scale Solar and Storage Integration Demonstration Project

1 week ago DieselGasoil Comments Off on VRB Energy Completes Commissioning of Phase 1 of the Hubei Zaoyang 10MW/40MWh Utility-Scale Solar and Storage Integration Demonstration Project
BEIJING and VANCOUVER, British Columbia, Jan. 11, 2019 (GLOBE NEWSWIRE) — Robert Friedland, Chairman of VRB Energy, and Dr. Mianyan Huang, Chief Technology Officer and President of China Operations, are pleased to announce the company has completed the commissioning of Phase 1 of the Hubei Zaoyang 10-megawatt (MW)/40-megawatt-hour (MWh) Utility-Scale Solar and Storage Integration Demonstration Read More

Are age-based funds protecting U.S. investors close to retirement?

2 weeks ago DieselGasoil Comments Off on Are age-based funds protecting U.S. investors close to retirement?
CHICAGO (Reuters) – (The opinions expressed here are those of the author, a columnist for Reuters.) One of the biggest trends in retirement saving over the past decade has been the shift to target date funds – broadly diversified mutual fund products that automatically adjust the blend of stocks and bonds as your retirement date Read More

Hedge fund Tiger Global ended 2018 with a 13.6 percent gain

2 weeks ago DieselGasoil Comments Off on Hedge fund Tiger Global ended 2018 with a 13.6 percent gain
BOSTON (Reuters) – Investment firm Tiger Global Management, which oversees $23 billion in assets, told investors its hedge fund gained 13.6 percent last year. Tiger Global’s hedge fund invests some $8 billion in assets and gained 0.9 percent in December. That compares with the fortunes of many hedge funds that lost money in December and Read More