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Steel Partners Liquidates Japan Fund
Chidem Kurdas Activist shareholders have a tough time in Japan. This is confirmed by the experience of Warren Lichtenstein and his New York-based Steel Partners, who fought for more than five years to...
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Japanese Financial Attracts Big Funds
Chidem Kurdas A number of large hedge funds, among them Renaissance Technologies, DE Shaw and Citadel, have bought Nomura Holdings, the owner of investment and financial services businesses. Nomura...
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Lasry Winds Down Asia Fund
Distressed debt and equity specialist Avenue Capital is slowly selling the assets of a long-running Asia fund in preparation to closing it down. Avenue chief Marc Lasry is not in a hurry. The winding...
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Shipping Races Against Time
Global slowdown is another blow to shipping, still suffering from the downturn caused by the Great Recession. On the other hand, investors are attracted by low prices and see opportunities in the...
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Chinese Company Restructuring Draws Big Funds
Here’s a dramatic instance of distressed debt investing on a global stage. Chemical maker ShengdaTech Inc. is not just financially distressed; it has deeper problems. Earlier this year shareholders...
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China vs. India Investing
Chidem Kurdas Emerging markets investments by diversified funds have tended to focus more on China than India. That emphasis may change, judging from arguments about the opportunities in India. Khiem...
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Asian Fund’s Morgan Stanley Connection
Long-time hedge fund industry people will tell you that it is not enough for a new fund to make a high return—investors have to know and feel comfortable with the manager. One of the notable success...
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China Commodity Trades Turn Tricky
Chidem Kurdas If economic growth in China, the largest user of major commodities, is recovering – the data are contested – then it makes sense to buy those commodities. Some markets show signs of...
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Is Asia a Haven for Investors?
Chidem Kurdas It used to be said that emerging markets caught pneumonia whenever developed markets sneezed. By the late 20th century this notion had become conventional wisdom. The impression of...
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