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Blackrock Promises Selective Fee Cuts To Capture Growth

NEW YORK – BlackRock Inc (BLK.N), the world’s largest asset manager, on Tuesday said it would continue to reduce fees on a small group of its products with...

Ubs Hires Solon Kentas To Lead Us Consumer And Retail Mampa

– UBS Group AG (UBSG.S) has appointed Solon Kentas, previously a managing director at Deutsche Bank AG (DBKGn.DE), to lead the Swiss bank’s U.S. consumer and...

Proptech Firms Angle For Riches In Us Real Estate Market

NEW YORK – New technology such as machine learning algorithms coupled with improved heating and cooling units that can be controlled by software helped cut...

Ex-state Street Executive Cheated Clients With Secret Fees Us Prosecutor

BOSTON – A former State Street Corp (STT.N) executive directed a fraudulent scheme to overcharge several of the bank’s clients, including Kuwait’s...

David Koch To Retire From Koch Industries Due To Poor Health Memo

– Conservative billionaire industrialist David Koch is retiring from his roles at Koch Industries and associated companies due to poor health, according to an...

Oppenheimerfunds Carlyle Launch New Private Credit Interval Fund

NEW YORK (LPC) – OppenheimerFunds, the asset manager that oversees about US$249bn, has launched a private debt interval fund in partnership with US private equity...

Billionaire David Koch To Retire From Koch Industries Cnbc

– Billionaire industrialist David Koch is retiring from his role at Koch Industries and associated companies due to health reasons, CNBC reported on Tuesday,...

Goldman Sachs Kkr Invest 360 Million In Portugal Tech Firm

LISBON – Portugal’s OutSystems, a platform which allows users to build software applications with minimal coding, has raised $360 million from Goldman Sachs...

Us Hedge Fund Hudson Bay To Open London Office Sources

LONDON – U.S. hedge fund Hudson Bay Capital is opening an office in Britain to expand its European trading book, two sources told Reuters on Tuesday. Hudson Bay,...

Goldman Sachs Kkr Invest 360 Million In Portugal Start-up

LISBON – Portugal’s OutSystems, a low-code application platform, has raised $360 million from Goldman Sachs and U.S. investment firm KKR, valuing the company...