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Trustar plans to raise fund to manage McDonald's China stake -sources

Chinese private equity firm Trustar Capital is planning to raise a so-called continuation fund that would allow it to sell down its stake in McDonald's China, two sources with knowledge of the matter said. The new fund would also allow investors in Trustar's existing fund tied to McDonald's China unit cash in on their investments, said the people, who declined to be named as the information was confidential. That plan would be achieved by Trustar, formerly known as CITIC Capital...
Hong Kong Kane Wu Yantoultra Ngui Sumeet Chatterjee Mark Potter July Carlyle
Source: yahoo.com

Marketmind: China's stock flame fizzling already?

Asian markets look set to open on a fairly strong footing on Tuesday, supported by a global equity upswing and lower bond yields but tempered by caution surrounding the latest efforts from Beijing to support the Chinese stock market. The Asian economic calendar is light, with only Japanese unemployment and the latest industrial production, trade and inflation figures from Vietnam on tap. The reaction of Chinese stocks on Monday to new measures from Beijing to boost local markets at once embold...
United States Republic Of United Kingdom Josie Kao Jamie Mcgeever Gina Raimondo
Source: yahoo.com

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Quants Fail to Replicate Their US and China Success in India

(Bloomberg) -- Quantitative strategists are supposed to be good at figuring out winning formulas. But one puzzle they haven’t solved is how to succeed in India, one of the world’s top-performing major markets of the pandemic era.Most Read from BloombergNYC’s Most Exciting New Fine Dining Restaurant Is in a Subway StationNasdaq 100 Drops 2% as Yields Rise Before Powell: Markets WrapMore People Call in Sick on August 24 Than Any Other DayWagner Chief Prigozhin Listed Aboard Cr...
Bloomberg Businessweek Prabhudas Lilladher Rupal Agarwal Vikas Pershad Marshall Wace Akshay Chinchalkar
Source: yahoo.com

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