Non-bank lender Tata Capital has secured ₹46.42 billion ($523M) from anchor investors, including LIC and Norway’s sovereign wealth fund, as part of its $1.75B IPO, positioning it among India’s largest offerings this year. LIC committed ₹7B, while Norway’s wealth fund received ₹1.25B worth of shares, allotted at the upper end of the ₹310–326 price band....
Goldman Sachs and the Abu Dhabi Investment Authority (ADIA) have invested in Froneri, the joint venture behind Haagen-Dazs and Rowntree’s, in a deal valuing the ice cream maker at €15 billion ($17.6B) including debt. Froneri, a 50:50 JV between PAI Partners and Nestlé, has seen strong growth since its formation in 2016 and its acquisition...
U.S. equity funds experienced robust inflows in the week ending October 1, driven by renewed hopes of Federal Reserve rate cuts following an inflation report that eased concerns over rising prices. Data from LSEG Lipper shows investors poured a net $36.4 billion into U.S. equity funds, the largest weekly net purchase since November 13, 2024....
Monte dei Paschi di Siena (MPS) has proposed Alessandro Melzi d’Eril, CEO of fund manager Anima Holding, as the new chief of Mediobanca, following MPS’s takeover last month. The €16B ($19B) stock-and-cash deal faced initial investor skepticism due to the banks’ differing sizes and business models. Melzi d’Eril, 50, succeeds Alberto Nagel, who led Mediobanca...
Billionaire investor Cliff Asness’s AQR Capital Management has delivered robust performance across its flagship funds. These returns outperform broader systematic trend-following hedge funds, which are down on average ~2% YTD, according to Societe Generale indices. AQR’s diversified, multi-strategy approach highlights the potential of combining trend-following, long-short equity, and niche market strategies in navigating complex markets.
Goldman Sachs and the Abu Dhabi Investment Authority (ADIA) have invested in Froneri, the owner of Haagen-Dazs, in a transaction that values the ice cream company at approximately €15 billion ($17.6 billion), including debt. Froneri, a 50:50 joint venture between PAI Partners and Nestlé, will see a subsidiary of ADIA become a significant minority co-investor,...