PCA Investments have decided to close a multistrategy hedge fund after China's sovereign wealth fund China Investment Corp withdrew its support, according to sources interviewed by Bloomberg.
Sovereign wealth funds
Russian investors pour cash into startup that detects photo manipulation
Moscow, Russia-based investment fund Flint Capital and government-backed early-stage fund FRII poured an undisclosed amount into St Petersburg-based photo manipulation detecting startup SMTDO Tech LTD.
Slovak startup Datamolino gets €500K in seed funding from Slovak Innovations and Technologies Fund
Datamolino, a Slovak startup processes invoices and receipts without the need for manual data entry, has received €500,000 for its seed financing round from Slovak Innovations and Technologies Fund, TechCrunch reported.
India's PSU banks initiates move to offload stake in CARE Ratings -source
India's Public Sector Undertaking (PSU) banks initiated a process to offload their shares in credit ratings agency CARE Ratings, according to sources knowledgeable on the situation.
Philippine central bank governor Amando Tetangco says policy rate changes not the best response to US taper
According to Central Bank of the Philippines Governor Amando Tetangco, the policy of increasing rates to cope with volatile currencies set in place by fellow emerging markets would be more harmful, the Financial Times reported.
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Ontario Premier Kathleen Wynne has unveiled a new public-private venture capital fund known as Northleaf Venture Catalyst Fund for the province's tech sector, CBCNews reported.
China-focused private equity group Boyu Capital is set to close $1.5-billion for its second buyout fund within a few weeks, according to people familiar with the matter.
South Korea-based investment fund Korea Investment Corp (KIC) is considering selling a $1-billion stake in Bank of America after the latter's value halved since 2008, according to a report by Korean media.
The French state divested a 1% stake in Netherlands-based aircraft and defense firm Airbus Group for €451 million ($614 million), according to the French economy minister.
To help it restructure its debt, retailer Brookstone Co has hired a financial adviser Jefferies Group and law firm K&L Gates, according to sources interviewed by Bloomberg.
The Abu Dhabi Investment Authority, the third largest investment sovereign wealth fund in the world, will be investing in the Time Warner Center together with Singapore's state fund GIC Ptd, according to a source interviewed by Bloomberg.
New York, US-based institutional investor ff Venture Capital (ffVC) closed a total of $52 million for two funds, ff Rose and ff Rose Innovate, with the latter to focus on investments in New York.
Argentina-based investment group Corporacion America reached an agreement to buy the stake of entrepreneur Eike Batista in SIX Semicondutores, a Brazil-based billion-dollar semiconductor project, for an undisclosed sum.
In a move that will pave the way for the creation of more jobs and encourage more investment in the UK, Prime Minister David Cameron will be giving councils that allow shale gas developments to continue, Bloomberg reported.
