Monday, 13 September 2021

Reuters Global Investor: Activist Ortelius pitches alternative financing for Capital Senior Living - sources

Activist Ortelius pitches alternative financing for Capital Senior Living - sources

Activist investor Ortelius Advisors, one of the largest owners of Capital Senior Living Corp , is offering to provide a near-term cash infusion as an alternative to the company's proposed fund raising plans which it argues would harm shareholders.

Brevan Howard expands further into crypto as institutional interest jumps

Hedge fund Brevan Howard said on Monday that it was expanding its crypto business, the latest sign that institutional interest in the asset class is gaining momentum.

Scaramucci's SALT hedge fund confab returns in person in New York City

A marquee Wall Street conference returns this week, but much like everyone's pandemic-era plans, the event hosted by hedge fund executive and former White House communications director Anthony Scaramucci, will be a little different this year.

China Evergrande outlines interim repayment plan for retail investors - REDD

Struggling property giant China Evergrande Group (3333.HK) repaid matured wealth management products of less than 100,000 yuan ($15,531) on Sept. 9 as part of an interim repayment plan for retail investors, financial information provider REDD reported on Friday.

China launches wealth management product pilots for retirement in four cities

China's banking and insurance regulator said on Friday it will launch wealth management product pilots in four cities aimed at retail investors looking to boost their retirement savings.

China launches long-awaited Wealth Connect, wrapping in HK, Macau

China kicked off on Friday a long-awaited scheme, called Wealth Management Connect, that links its southern province of Guangdong with Hong Kong and Macau, as Beijing moves to pull the two territories closer.

Harvard University to end investment in fossil fuels

Harvard University is ending its investments in fossil fuels, the school's president said on Thursday, drawing praise from divestment activists who had long pressed the leading university to exit such holdings.

Wells Fargo hit with new $250 mln fine for failure to pay back wronged customers

A top U.S. banking regulator fined Wells Fargo $250 million and placed new restrictions on the bank's business after finding shortcomings in its earlier efforts to pay back customers it had previously harmed.

Big title insurer settles with New York over 'no-poaching' agreements

Old Republic National Title Insurance Co, one of the largest U.S. title insurers, will stop using "no-poach" agreements that prevent workers from moving to rivals, under a settlement on Thursday with New York's attorney general.

National Bank of Kuwait starts selling dollar senior bonds - document

National Bank of Kuwait , the Gulf country's largest lender, has given initial price guidance for six-year U.S. dollar-denominated bonds of around 115 basis points over U.S. Treasuries, a bank document showed on Thursday.

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