 | | | | Daniel Loeb's Third Point LLC funds posted strong gains in November to extend year-to-date returns into the double digits after the billionaire investor overhauled his portfolio and the firm a few months ago. | | | | | | Toronto-Dominion Bank reported fourth-quarter profit that beat analysts' estimates on Thursday, on lower-than-expected provisions for credit losses and as its Canadian retail business and wholesale banking income grew from a year earlier. | | | | | | Apex Logistics has been put up for sale by MBK Partners, which hopes to lock in a valuation of more than $1 billion after the coronavirus crisis boosted the Chinese freight forwarding company's business, people close to the matter said. | | | | | | JD Logistics has asked banks to pitch for the lead role in its Hong Kong initial public offering (IPO) of up to $3 billion as it moves towards launching the deal in the first half of 2021, according to two sources with direct knowledge of the matter. | | | | | | Australia's Macquarie Group said on Thursday it would buy U.S. wealth manager Waddell & Reed Financial Inc for $1.7 billion, its first major deal under a new CEO that expands its presence in the world's largest retail finance market. | | | | | | Billionaire hedge fund manager William Ackman, who cautiously hedged his portfolio before the historic market sell-off in March, has extended his gains to 62.8% for the year so far. | | | | | | U.S. stock markets are poised to rally in 2021, bolstered by the predictability of a new U.S. president, fresh stimulus and infrastructure spending, plus a coronavirus vaccine. But there is a potential wild card: outgoing President Donald Trump, the head of asset allocation at Pacific Life Fund Advisors said on Monday. | | | | | | Canadian pension funds and insurers are facing a shrinking universe of higher-quality private debt investments to lift returns in a low-yield world, as the coronavirus pandemic has crushed many businesses, while banks maintain lending to better ones. | | | | | |
