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’More of Taikang up for sale
Potential foreign buyers of a key stake in Taikang Life, a leading Chinese life assurer, are being offered a larger shareholding than previously indicated. Axa, the French insurer, last month put its 15.6% stake in Taikang up for sale,
TPG exits down under
“Exit” is the theme of the month in Asia, as Australia becomes the latest spot for private equity groups to take advantage of greatly improved market conditions and monetise their regional portfolios.
In what will be Australia’s biggest IPO in more than two years (since Boart Longyear,
Shake-up at Singapore fund
GSIC, the Singapore government investment agency and one of the world’s biggest sovereign wealth funds, on Monday announced a management shake-up prompted by concerns about protectionism and regulatory changes in the west.
US urges SWFs to give promises
The US is prodding two of the biggest sovereign wealth funds to embrace a set of promises that they won’t use their wealth for political advantage, reports the WSJ. Executives from the world’s largest SWF,
Citi, Merrill, and then, the world: SWFs go shopping
If you think you’ve heard enough about sovereign wealth funds taking over the western financial world, then there’s nowhere to go but into the wild. There has already been a deluge of coverage and commentary,
Short View: Big is better for the SWF put
The private equity put is no more. Now we must rely on the “sovereign wealth fund put”, says the FT’s John Authers in Wednesday’s Short View column.
A put option confers the right to sell a stock for a fixed price: