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Discover Latest #Investment fund News, Articles and Videos with Contenting
Investment funds are a type of pooled investment vehicle that allows investors to gain access to a diversified portfolio of assets with the potential to generate higher returns than those available from a single asset. Investment funds can range from mutual funds and exchange-traded funds (ETFs) to hedge funds and private equity funds. In this section, you will find news, articles and videos related to investment funds and how they can be used to help achieve financial goals.
Braskem sale negotiations with Tanure fund persist despite end of exclusivity window
SAO PAULO (Reuters) -Talks for Brazilian firm Novonor, formerly Odebrecht, to sell a controlling stake in petrochemical company Braskem to a fund backed by businessman Nelson Tanure continue, despite the end of a 90-day exclusive negotiation deadline, Braskem said in a securities filing on Friday. A source familiar with the Tanure-linked investment fund Petroquimica Verde told Reuters that no deal will be signed until they are certain that the environmental liabilities will not be transferred to the new partners and creditors. Earlier this month Tanure said in a statement to Reuters that an agreement with the entities involved in the disaster was a "sine qua non (condition)" for the deal.
Power Metal Resources sells remaining Guardian Metal stake for £13.6m - UK Investor Magazine
Power Metal Resources has inked an agreement to sell its remaining stake in Guardian Metal Resources for £13.6 million in cash. The London-listed exploration company sold its stake to an investment fund managed by Duquesne Family Office LLC to wrap up the realisation of Guardian Metals for a whopping 11.6x return. The sale represents a […]
Veteran banker Stephen CuUnjieng joins Maharlika board - BusinessWorld Online
THE MAHARLIKA Investment Corp. (MIC) has appointed investment banker Stephen Anthony T. CuUnjieng as an independent director. MIC President and Chief Executive Officer (CEO) Rafael D. Consing, Jr. on Tuesday said the appointment of Mr. CuUnjieng as chair of the investment committee took effect on July 1. “The Maharlika Investment Fund operates on a different […]
Deal to restructure Puerto Rico power company debt crumbles as some bondholders walk away
A plan to restructure more than $9 billion in debt held by Puerto Rico’s ailing power company hit a big snag this week after a group of bondholders terminated their deal with a federal control board overseeing the U.S. territory’s finances. The deal would have allowed Puerto Rico’s government to pay creditors $2.6 billion instead of the full $8.5 billion that some bondholders are demanding. BlackRock Financial Management and other investment funds had agreed to the board’s deal and its subsequent amendments two years ago.
Manulife, MCBL launch new plan with investment fund options - BusinessWorld Online
THE MANUFACTURERS Life Insurance Co. (Phils.), Inc. (Manulife Philippines) and Manulife China Bank Life Assurance Corp. (MCBL) have launched a new unit-linked plan that offers life insurance coverage along with various investment options. Manulife GoalReady is a peso-denominated variable unit-linked (VUL) insurance product that has various payment and investment fund options. It is now available […]