Funds News
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Frontier-market equity funds from Sweden to South Africa are pouring money into Vietnamese stocks, lured by Southeast Asia’s cheapest valuations and an improving outlook for economic growth.
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As the world’s biggest pension manager moves closer to putting more money in risky assets, the ruling Liberal Democratic Party’s deputy policy chief says the fund needs to change its governance first.
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Carlyle Group LP Co-Chief Executive officer David Rubenstein said the private-equity industry “will take off” in Africa as his company and Blackstone Group LP backed energy partnerships with the continent’s richest person.
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Russian stocks plunged to a three- month low in U.S. trading as President Vladimir Putin signaled that he plans to retaliate against international sanctions threatening to hurt the nation’s $2 trillion economy.