BlackRock s Fink wants more sustainability data from private cos reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
US asset management giant BlackRock Inc. is selling its 794 billion won (US$698.72 million) retail mutual fund business in South Korea to DGB Asset Management to concentrate on higher-yielding investments, including alternatives.
According to the world’s largest asset manager, exiting the retail fund business will allow it “to better accommodate its yield-seeking Korean clients”.
DGB Asset Management, which had around $35.5 billion as of December 2019, is the investment arm of Korean financial conglomerate DGB Financial Group. BlackRock did not disclose the sale price.
“BlackRock will continue to serve Korean investors with diversified offshore active, index and alternatives investment solutions after the restructuring completes,” the company says in a statement on March 31.
Investors have written to the Indian government as well as the governments of the US and UK seeking adherence to the award of a tribunal at the Permanent Court of Arbitration in The Hague
Cairn Energy s Shareholders Urge India To Honour Rs 10,247 Cr Worth Arbitration Award
This is the second loss the government has suffered in recent months over the retrospective levy of taxes.
PTI 24 January 2021 @CairnEnergy/Twitter PTI 2021-01-24T12:24:17+05:30 Cairn Energy s Shareholders Urge India To Honour Rs 10,247 Cr Worth Arbitration Award outlookindia.com 2021-01-24T12:25:46+05:30
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Some of Cairn Energy Plc s marquee shareholders that include BlackRock, MFS, Franklin Templeton and Fidelity, have asked the Indian government to honour an arbitration award and return USD 1.2 billion to the British oil firm, sources said.
Cairn, which on this day seven years back was first slapped with a retrospective tax assessment, is three-fourth owned by world s top investors with USD 529 billion MFS Investment Management of the US being its largest investor with 14.02 per cent stake.