Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Investment Partners"


25 mentions found


TOKYO (Reuters) -Toshiba Corp’s second-biggest shareholder on Sunday demanded the board chairman and three other directors immediately resign after an investigation found the company had colluded with the Japanese government to pressure foreign investors. FILE PHOTO: The logo of Toshiba is seen as a shareholder arrives at an extraordinary shareholders meeting in Chiba, Japan, March 30, 2017. REUTERS/Toru HanaiThe letter, seen by Reuters, is from 3D Investment Partners, which owns a 7.2% stake in Toshiba. It is likely to heighten scrutiny into governance at Toshiba, a renowned industrial conglomerate in crisis sparked by Thursday’s report. Major shareholder advisory firms recommended against some of the candidates, including the four addressed in the 3D letter.
Persons: Toru Hanai, Thursday’s, Osamu Nagayama, Organizations: Toshiba, REUTERS, Reuters, Investment Partners, Harvard Locations: TOKYO, Chiba, Japan
TOKYO, June 13 (Reuters) - Toshiba Corp’s second-biggest shareholder on Sunday demanded the board chairman and three other directors resign immediately after an investigation found the company had colluded with the Japanese government to pressure foreign investors. It is likely to the deepen a crisis sparked by last week’s report, which marked an explosive turn in a long battle between the Japanese company’s management and foreign shareholders. These include activist investors and Harvard University’s endowment fund. The revelations in the shareholder-commissioned report “are deeply troubling and represent one of the most prominent and shocking corporate governance failures among large public companies anywhere in the world in the last decade,” the 3D letter says. The letter, addressed to board chair Osamu Nagayama and three current audit committee members, describes Nagayama as “ultimately responsible for Toshiba’s recent governance failures, including the flawed internal investigation and the board’s determination to oppose an outside, independent investigation.” (Reporting by Makiko Yamazaki; Editing by William Mallard)
Persons: , Osamu Nagayama, Makiko Yamazaki, William Mallard Organizations: Toshiba, Reuters, Investment Partners, Harvard Locations: TOKYO
The logo of Toshiba is seen as a shareholder arrives at an extraordinary shareholders meeting in Chiba, Japan, March 30, 2017. The letter, seen by Reuters, is from 3D Investment Partners, which owns a 7.2% stake in Toshiba. It is likely to heighten scrutiny into governance at Toshiba, a renowned industrial conglomerate in crisis sparked by Thursday's report. The company was holding an emergency meeting on Sunday to discuss reassigning the candidates for three key board committees ahead of a June 25 shareholder meeting. Major shareholder advisory firms recommended against some of the candidates, including the four addressed in the 3D letter.
Persons: Toru Hanai, Toru Hanai Toshiba Corp's, Thursday's, Osamu Nagayama Organizations: Toshiba, REUTERS, Toru Hanai Toshiba, Reuters, Investment Partners, Harvard, Thomson Locations: Chiba, Japan
Magnachip gets competing takeover bid of $1.66 bln from Cornucopia
  + stars: | 2021-06-11 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99   time to read: 1 min
June 11 (Reuters) - Magnachip Semiconductor Corp said on Friday that it has received a takeover bid from Cornucopia Investment Partners, topping a rival offer, which values the South Korea-based display and power chip maker at $1.66 billion. Shares of the chipmaker jumped about 22% to $28.20 in premarket trade, lower than Cornucopia’s offer of $35 per share in cash. The company in March entered into a $1.4 billion go-private deal with private equity firm Wise Road Capital. Magnachip makes analog and mixed-signal semiconductor platform solutions for use in consumer electronics. The company’s board will review and consider the proposal sent by Cornucopia, the company said.
Persons: Cornucopia, Chavi Mehta, Shailesh Kuber Organizations: Magnachip Semiconductor Corp, Cornucopia Investment Partners Locations: Korea, Bengaluru
The logo of Toshiba Corp. is seen at the company's facility in Kawasaki, Japan June 10, 2021. REUTERS/Kim Kyung-Hoon/File photoJapan's trade ministry on Friday denied its officials directed an adviser to contact Toshiba Corp (6502.T) shareholders as part of a plan to pressure them to support management in a key vote on board membership. Among its findings, the investigators' report said the trade ministry "effectively asked" a government adviser, described as "Mr. M", to negotiate with Harvard University's endowment fund to change its voting behaviour. "Ministry officials have informed me that it's not true that any request was made to engage with individual investors," Trade Minister Hiroshi Kajiyama told a regular press briefing. As one of the industrial conglomerates that modernized Japan and helped its post World War Two economic recovery, Toshiba enjoys close ties with government.
Persons: Kim Kyung, management's, Hiroshi Kajiyama, Hiromichi Mizuno, Mizuno, Elon Musk, Yoshihide Suga, Suga Organizations: Toshiba Corp, REUTERS, Toshiba, Harvard, Ministry, Reuters, Tesla Inc, Investment Fund, United Nations, Innovative Finance, Sustainable Investment, Effissimo Capital Management, Investment Partners, Nikkei, Thomson Locations: Kawasaki, Japan, Britain, Tokyo
Israeli transcription startup Verbit has raised $157 million at a unicorn valuation. Verbit chief Tom Livne wants the company to become a "decacorn" with billions in annual revenue. An Israeli startup that uses both humans and artificial intelligence to dictate speech has raised $157 million at a unicorn valuation. The Series D funding round was led by Sapphire Ventures, which also led the startup's last round in November 2020. They joined existing investors such as Stripes, Vertex Ventures HV Capital, Oryzn Capital, Viola Ventures, and ClalTech.
Persons: Tom Livne, Verbit, Livne Organizations: Sapphire Ventures, Capital, Lion Investment Partners, Ventures, Oryzn, Viola Ventures Locations: Israeli, New York, North America
The logo of Toshiba Corp. is seen at the company's facility in Kawasaki, Japan June 10, 2021. REUTERS/Kim Kyung-Hoon/File photoFour Toshiba Corp (6502.T) directors called on Friday for a shake-up of its management and board, in a sign of revolt after an investigation found the conglomerate colluded with the Japanese government to "beat up" foreign shareholders. The investigators detailed one email among top Toshiba managers about the company's largest shareholder, Singapore-based hedge fund Effissimo Capital Management. It doesn't mean they're perfect yet," said Brian Heywood, CEO of Taiyo Pacific Partners, an activist fund that has operated in Japan for 20 years. As a result, activist investors are estimated to account for 25% of Toshiba's shareholder base.
Persons: Kim Kyung, Jerome Black, Paul Brough, Ayako Weissman, George Zage, METI, Yoshihide Suga, Suga, Hiroshi Kajiyama, Hiromichi Mizuno, Mizuno, Brian Heywood, Glass Lewis, Osamu Nagayama, Nobuaki Kurumatani Organizations: Toshiba Corp, REUTERS, Japan Inc, Ministry, Economy, Trade, Industry, Toshiba, Capital Management, Investment Partners, Harvard, Reuters, Tesla Inc, Investment Fund, Innovative Finance, Sustainable Investment, JAPAN, Taiyo Pacific Partners, CVC Capital, Thomson Locations: Kawasaki, Japan, Singapore, Tokyo
REUTERS/Toru Hanai/File PhotoJapan's trade ministry colluded with Toshiba Corp's (6502.T) management to unduly influence a key shareholder vote last year, an independent probe found, undermining Tokyo's efforts to improve corporate governance and win over foreign investors. Toshiba's management "worked closely" with the ministry to exert "undue influence on some shareholders," the report found. The probe, conducted by three lawyers, found that Toshiba, with the ministry, tried to force Effissimo to withdraw shareholder proposals for board nominees aimed at improving governance. The ministry has previously said that it never asked the adviser to contact Toshiba shareholders. CVC's offer to take the Japanese conglomerate private and retain incumbent management was perceived by some in the company as designed to shield Kurumatani from activist shareholders, Toshiba sources have said.
Persons: Toru Hanai, Toshiba Corp's, Shinzo Abe, METI, barbecuing, Toshiba's, Yoshihide Suga, Abe, Suga, Effissimo, Nobuaki Kurumatani Organizations: Toshiba Corp, REUTERS, Toshiba, Harvard, Ministry, Economy, Trade, Industry, Reuters, Effissimo Capital Management, Investment Partners, CVC Capital, Thomson Locations: Tokyo, Japan, Singapore
Asset Managers in Europe Look for Deals to Bulk Up
  + stars: | 2021-06-10 | by ( Julie Steinberg | ) www.wsj.com + 0.71   time to read: +1 min
Asset managers in Europe are doing deals and gaining scale. Some 32 deals worth $5.2 billion have been announced so far this year. The latest deal on the block: Dutch insurer NN Group NV is looking to sell its NN Investment Partners asset-management arm. Deutsche Bank AG’s asset-management unit, DWS Group GMBH, and French banking giant BNP Paribas SA are both potential bidders, according to bankers familiar with the deal process. Europe has a deep pool of savings and the business of managing money is increasingly bifurcating between specialist boutique asset managers and bigger players that have scale to keep costs low.
Organizations: Investment Partners, Deutsche Bank, DWS, BNP Paribas SA, BlackRock Inc Locations: Europe, East, Africa
The probe's findings mark an explosive turn in a long battle between the Japanese company's management and foreign shareholders, which include activist investors and Harvard University's endowment fund. The investigators also allege that Suga encouraged the pressure on Toshiba investors in a breakfast meeting with a senior company executive last July. A spokesperson for the Harvard fund declined to comment, while 3D did not immediately respond to a request for comment. The Harvard fund ultimately abstained from voting. Toshiba said at the time it was not involved in any efforts to pressure Harvard.
Persons: Yoshihide Suga, Suga, METI, Toru Hanai, Shinzo Abe, barbecuing, Nicholas Benes, Will, Hiromichi Mizuno, Nobuaki Kurumatani Organizations: Toshiba Corp, Toshiba, Harvard, Ministry, Economy, Trade, Industry, Effissimo Capital Management, Reuters, REUTERS, Investment Partners, Training, of Japan, CVC Capital, Thomson Locations: Tokyo, Singapore, Japan
Israeli transcription startup Verbit has raised $157 million at a unicorn valuation. Verbit chief Tom Livne wants the company to become a "decacorn" with billions in annual revenue. An Israeli startup that uses both humans and artificial intelligence to dictate speech has raised $157 million at a unicorn valuation. The Series D funding round was led by Sapphire Ventures, which also led the startup's last round in November 2020. They joined existing investors such as Stripes, Vertex Ventures HV Capital, Oryzn Capital, Viola Ventures, and ClalTech.
Persons: Tom Livne, Verbit, Livne Organizations: Sapphire Ventures, Capital, Lion Investment Partners, Ventures, Oryzn, Viola Ventures Locations: Israeli, New York, North America
LONDON (Reuters) - A group of 50 investors managing more than $4.5 trillion in assets is calling on companies involved in the development and use of facial recognition technology, such as Amazon and Facebook, to do so in an ethical way. FILE PHOTO: Visitors check their phones behind the screens advertising facial recognition software during Global Mobile Internet Conference at the National Convention in Beijing, China April 27, 2018. It said it considers 34 companies to be leaders in facial recognition, including Amazon, Facebook, and Asian tech companies Alibaba and Huawei. Amazon told Reuters last month it was extending a moratorium it imposed on police use of its facial recognition technology. The facial recognition technology market is set to grow to around $10 billion in 2020, Candriam said in a report published in March, citing a 2018 survey by Allied Market Research.
Persons: Damir Sagolj, Candriam, , Rosa van den, Norway’s, Louise Piffaut Organizations: Facebook, Global Mobile Internet Conference, National Convention, REUTERS, New York, Amazon, Huawei, Reuters, BMO Global Asset Management, Allied Market Research, Aviva Investors, Royal London Asset Management, Canada’s BMO Global Asset Management, Investment Partners, European Union Locations: Beijing, China, Europe
Generali fires low first shot for asset manager
  + stars: | 2021-06-04 | by ( ) www.reuters.com sentiment -1.00   time to read: +1 min
REUTERS/Tamas KaszasAssicurazioni Generali’s (GASI.MI) lowball first shot at a Dutch asset manager looks likely to miss. The 27 billion euro Italian insurer submitted a non-binding offer for NN Group’s (NN.AS) asset management business, known as NN Investment Partners, at around 1.5 billion euros . Italian bank Intesa Sanpaolo (ISP.MI) also put in an offer on Thursday, according to Reuters . Industry heavyweights Allianz (ALVG.DE), UBS (UBSG.S) and Deutsche Bank’s (DBKGn.DE) asset management unit DWS (DWSG.DE) have also thrown bids into the ring, according to Bloomberg. Given the long line of interested parties and European asset managers’ desire for scale, NN can expect a much juicier outcome.
Persons: Tamas Kaszas Assicurazioni, lowball, Ashmore, Aimee Donnellan Organizations: REUTERS, Investment Partners, Reuters, Industry, Allianz, UBS, Deutsche, Bloomberg, Refinitiv, Gas Locations: Budapest, Hungary, Dutch, Japan
Rampant speculation is turning investors into traders, says Virtus' Terranova
  + stars: | 2021-06-04 | by ( ) www.cnbc.com sentiment -1.00   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRampant speculation is turning investors into traders, says Virtus' TerranovaThe AMC saga took another turn Thursday. The stock tumbled as much as 30%, ending down about 18% after skyrocketing on Wednesday. Meanwhile, Tesla and the FAANG stocks came under pressure, falling in Thursday's session. Joe Terranova, senior managing director for Virtus Investment Partners, joined "Squawk Box" on Friday to discuss.
Persons: Virtus, Terranova, Tesla, Joe Terranova Organizations: skyrocketing, Virtus Investment Partners
Don't short meme stocks, says Virtus' Joe Terranova
  + stars: | 2021-05-27 | by ( ) www.cnbc.com sentiment -0.96   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDon't short meme stocks, says Virtus' Joe TerranovaJJ Kinahan, chief market strategist at T.D. Ameritrade, and Joe Terranova, senior managing director for Virtus Investment Partners, joined "Squawk Box" on Thursday to discuss what the recent meme stock rally says about the retail investor and whether the run-up is real.
Persons: Virtus, Joe Terranova JJ Kinahan, Joe Terranova Organizations: Virtus Investment Partners
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVirtus Investment Partners' Joe Terranova on whether we're in a new 'roaring twenties' marketJoe Terranova, Virtus Investment Partners senior managing director, joins 'The Halftime Report' to discuss why he doesn't think a new "roaring twenties" will happen in today's markets.
Persons: Joe Terranova Organizations: Virtus Investment Partners
VideoAmp Taps Former Trade Desk Finance Chief, Raises $75 Million
  + stars: | 2021-05-18 | by ( Alexandra Bruell | ) www.wsj.com + 0.00   time to read: +3 min
Advertising-technology company VideoAmp Inc. has raised $75 million and tapped a new finance chief, a sign the company is ramping up its expansion efforts in the fast-changing industry. Paul Ross, a former chief financial officer of Trade Desk Inc., another ad-tech business, succeeds Robert Leff in the CFO role. Paul Ross is the new CFO of VideoAmp Inc. Photo: Trade Desk Inc. VideoAmp expects to exceed $80 million in revenue this year, according to a person familiar with the matter. It is in talks with other media companies as it seeks to expand its relationships with ad sellers.
Persons: Paul Ross, Robert Leff, Leff, VideoAmp, , Ross McCray, “ Covid, , Ross, “ They’re, McCray, Alexandra Bruell Organizations: VideoAmp Inc, Inc, Investment Partners LLC, Nielsen, Omnicom, Dentsu Inc, Networks, AMC Networks, VideoAmp, Viant Technology Inc, AppLovin Corp, DoubleVerify Holdings, Vista Equity Partners, TripleLift Locations: TripleLift Inc
Virtus Investment Partners' Joe Terranova on markets as the Nasdaq sinks
  + stars: | 2021-05-18 | by ( ) www.cnbc.com sentiment -1.00   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVirtus Investment Partners' Joe Terranova on markets as the Nasdaq sinksJoe Terranova, senior managing director at Virtus Investment Partners, joins ‘Closing Bell’ to discuss the stock market, saying investors are missing the "quality narrative on value strategy."
Persons: Joe Terranova, Bell Organizations: Virtus Investment Partners, Nasdaq
NEW YORK (Reuters) - A number of well-known U.S. hedge funds bought value stocks and blank-check acquisition companies, selling some winners from the technology-led stock rally as bond yields rose during the first quarter, filings released on Monday showed. REUTERS/Brendan McDermidSpecial-purpose acquisition companies, known as SPACs, proved popular among hedge fund managers, with funds such as Third Point and Saschem Head adding shares of SPACs, including FinTech Acquisition Corp V and healthcare company Orion Acquisition Corp to their portfolios. Hedge fund managers’ positions were revealed in 13F filings that show what fund managers owned at the end of the quarter. While they are backward-looking, these filings are one of the few public disclosures of hedge fund portfolios and are closely watched for clues on trends and what stocks certain fund managers are favoring. Some hedge fund managers unloaded shares of companies that performed well over the last year, suggesting they see limited gains ahead.
Persons: Brendan McDermid, Ray Organizations: YORK, New York Stock Exchange, REUTERS, FinTech, Orion Acquisition Corp, Uber Technologies Inc, Epoch Investment Partners, Exxon Mobil Corp, Natural Resources Co, Diamondback Energy Inc, Bridgewater Associates, General Motors Corp, Ecolab Inc, Johnson, International, New York Times Co, News Corp, Discovery, Russell, Apple Inc, Amazon.com Inc, Armour Inc, Alibaba Inc Locations: New York City, U.S, Carvana, Alibaba
Take a look at some of the biggest movers in the premarket:AT&T (T), Discovery (DISCA) – AT&T and Discovery announced a deal to combine Discovery with AT&T's WarnerMedia unit. AT&T jumped 4.9% in the premarket and Discovery shares surged 17%. The $21 billion deal closed on Friday, but the officials say they will continue to investigate. MicroStrategy (MSTR) – MicroStrategy tumbled 7% in premarket action amid a slide in the price of bitcoin to the lowest level in more than three months. Texas Roadhouse (TXRH) – The restaurant chain's shares rose 1.4% in the premarket after Deutsche Bank upgraded the stock to "buy" from "hold."
Persons: Walt Disney, – ViacomCBS, Les Moonves, Moonves, Hellman, Friedman, – Tesla, Elon Musk, Tesla, – MicroStrategy, – Sanofi, Glaxo Organizations: Discovery, Netflix, Hostess Brands, Revenue, Viacom, Home, Investment Partners, Home Group, Wall Street, Marathon Petroleum, Federal Trade Commission, Marathon, Coinbase, Texas, Deutsche Bank, Sanofi, GlaxoSmithKline, GSK, Crown Resorts, Cummins, Bank of America Securities Locations: U.S
Stocks making the biggest moves midday: Hostess Brands, AT&T, Tesla & more
  + stars: | 2021-05-17 | by ( Thomas Franck | ) www.cnbc.com sentiment -1.00   time to read: +2 min
Check out the companies making headlines in midday trading. AT&T, Discovery — The pair of stocks were volatile on Monday after the company's announced a $43 billion deal to merge Discovery and AT&T's WarnerMedia unit. Discovery's A shares popped at the open but were down 3.8% in midday trading. The $21 billion deal closed on Friday, but the officials say they will continue to investigate. Tesla — Shares of Tesla, down 27% over the last three months, shed 2.4% in midday trading after CEO Elon Musk said the company has not sold any bitcoin.
Persons: Hellman, Friedman, Elon Musk, Tesla, MicroStrategy, Bitcoin, Jesse Pound, Maggie Fitzgerald, Yun Li Organizations: Citi, Investment Partners, Wall Street Journal, Home Group, Marathon Petroleum, Federal Trade Commission, Marathon, Tesla, Hostess, Hostess Brands, Metrics
(Reuters) -European stocks jumped on Friday, led by gains in energy and retail sectors after the Federal Reserve said there would be no imminent move to tighten monetary policy, easing fears of rising U.S. inflation that pushed the STOXX 600 index into negative territory for the week. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, May 11, 2021.REUTERS/StaffThe pan-European STOXX 600 index rose 1.1%, with oil & gas and retail stocks leading the gains. While price rises are less of a problem in the euro zone, investors have taken cues from Wall Street for most of the week. “We look at the valuation of markets and the valuations have favoured Europe for a number of years because it is more economically sensitive,” said Jeffrey Germain, investment group director at Brandes Investment Partners. Among individual stocks, Italy’s Banco BPM rose 3% after Deutsche Bank upgraded the stock to “buy”, saying the lender’s “speculative appeal” could increase in the next few months.
Persons: , Jeffrey Germain, Sebastian Raedler, , Goldman Sachs, Atlantia Organizations: Reuters, Federal Reserve, REUTERS, Staff, U.S . Federal, U.S, Brandes Investment Partners, BofA Global Research, Bank of, Central, Deutsche Bank, Danone Locations: Frankfurt, Germany, U.S, U.S ., Europe, China, Italian
TOKYO/PARIS (Reuters) -A Toshiba Corp unit said it was hacked by the DarkSide ransomware group, overshadowing an announcement of a strategic review for the Japanese conglomerate under pressure from activist shareholders to seek out suitors. Employees accessing company computer systems from home during pandemic lockdowns have made firms more vulnerable to cyber attacks, he added. At a briefing by the company on Friday, 3D Investment Partners and Farallon Capital Management, its No. 3 shareholders respectively, both criticised Toshiba for appearing reluctant to consider offers to go private. FILE PHOTO: The logo of Toshiba Corp. is seen at the company's facility in Kawasaki, Japan February 13, 2017.
Persons: , Takashi Yoshikawa, Nobuaki Kurumatani, Satoshi Tsunakawa, Issei Kato, Yuji Sugimoto, Kurumatani, George Olcott Organizations: Toshiba Corp, Toshiba Tec Corp, Toshiba, Mitsui, Secure Directions, Employees, Soviet Union, CVC Capital, UBS, CVC, Investment Partners, Farallon Capital Management, KKR, Co Inc, Bain Capital, REUTERS, Asahi, Bain Capital’s, Kirin Holdings Locations: TOKYO, PARIS, Kawasaki, Japan, Bain Capital’s Japan
Strategist on how investors can navigate readjustment to higher rates
  + stars: | 2021-05-14 | by ( ) www.cnbc.com sentiment -0.73   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStrategist on how investors can navigate readjustment to higher ratesLisa Shalett, chief investment officer for Morgan Stanley Wealth Management, and Joe Terranova, senior managing director for Virtus Investment Partners, joined "Squawk Box" on Friday to discuss what they're watching in the markets after a wild week on Wall Street.
Persons: Lisa Shalett, Morgan, Joe Terranova Organizations: Morgan Stanley Wealth Management, Virtus Investment Partners
A spate of downgrades last year had already left India’s investment grade credit ratings hanging by a thread and the severity of the current virus wave is making the main agencies, S&P, Moody’s and Fitch agitated again. "We still see India as investment grade," said NN Investment Partners' head of Asian Debt, Joep Huntjens, who thinks the country's economy will bounce back quickly. NN's Huntjens thinks around 90% of Indian IG corporates would be hit and while giants like Reliance might be spared, India's 7.4% share of JPMorgan's Asia Investment Grade Corporates Index means there would be plenty of selling. CHASTENINGIf a cut does come, it wouldn't be the first time India has lost investment grade status. While it has built up a healthy stock of currency reserves, its huge population of 1.4 billion means it still has the lowest prosperity level of any investment grade country when measured by GDP per capita of $2,164.
Persons: Siddiqui, Moody’s, Fitch, Huntjens, Eldar Vakhitov, hasn't, Moody's, Manik Narain, , NN's Huntjens, Narendra Modi, Subhash Chandra Garg, Garg Organizations: REUTERS, Investment Partners, JPMorgan, UBS, Bank, JPMorgan's, Thomson Locations: Agra, India, Brazil, Argentina, South Africa, China
Total: 25