Finance

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Ackman’s Pershing Square Holdings fund drops nearly 14% so far this year

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Bill Ackman, chief executive officer and portfolio manager at Pershing Square Capital Management, speaks during the SALT conference in Las Vegas, Nevada, U.S. May 18, 2017. REUTERS/Richard Brian/File Photo NEW YORK, April 9 (Reuters) – Billionaire investor Bill Ackman’s Pershing Square Holdings portfolio has lost nearly 14% so far this year, the firm told investors […]

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BlackRock's GIP Is Close to Raising $25 Billion for New Fund

BlackRock’s GIP Is Close to Raising $25 Billion for New Fund

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The BlackRock headquarters in New York. Photo by Michael Nagle /Bloomberg BlackRock Inc.’s Global Infrastructure Partners is close to raising roughly $25 billion for its latest flagship fund, a sum that would make it one of the largest in the infrastructure industry, according to people familiar with the matter. (Bloomberg) — BlackRock Inc.’s Global Infrastructure Partners is

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Pimco says own more bonds as Trump ushers in era of uncertainty

Pimco says own more bonds as Trump ushers in era of uncertainty

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US President-elect Donald Trump (Jan 15): The uncertainty likely to be injected into markets this year by US President-elect Donald Trump promises to be yet another driver of attractive bond returns, according to Pacific Investment Management Co (Pimco). Unpredictability, paired with rising Treasury yields and diminished expectations for central bank easing is seen generating long-term

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Lucara finds world’s 2nd largest diamond ever mined

Lucara finds world’s 2nd largest diamond ever mined

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The 2,492 carat diamond. (Image courtesy of Lucara Diamond.) Canada’s Lucara Diamond (TSX: LUC), has dug up a 2,492 carat diamond from its prolific Karowe mine in Botswana, the world’s second-largest stone ever mined in terms of size. The “epic” diamond, as Lucara put it, was detected and recovered by the company’s Mega Diamond Recovery (MDR) X-ray Transmission

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Does Tiger Woods, who reportedly turned down $800 million from the Saudis, have what it takes to stop the LIV Golf deal with the PGA?

Does Tiger Woods, who reportedly turned down $800 million from the Saudis, have what it takes to stop the LIV Golf deal with the PGA?

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As professional golfers continue to express concerns about the PGA Tour’s deal with the Saudi-backed LIV Golf, Tiger Woods has joined the board of directors in a concession to player demands.

Does Tiger Woods, who reportedly turned down $800 million from the Saudis, have what it takes to stop the LIV Golf deal with the PGA? Read More »

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