D.E. Shaw in discussions to acquire stake in Chinese state-controlled investment company
| December 14th, 2011 | ||
| D.E. Shaw & Co, a New York-based hedge fund manager and investment advisor, is said to be in talks to acquire a 15 to 20 percent stake in Tianjin TEDA International Holding (Group) Co, a Chinese state-controlled investment company. The negotiations, which have not been made public by either D.E. Shaw or TEDA International, could reach 6 billion yuan or close to $1 billion. Earlier this month, D.E. Shaw took part in the IPO of New China Life Insurance Company, investing around $150 million. If this deal materializes, it will represent the most significant investment by a foreigner into China’s financial services industry since the first quarter of 2011. | ||
For Detailed Investor Profiles on these Investors, click below: |
D.E. Shaw & Co |
Related People: Anne Dinning;
Related Entities: D. E. Shaw Oculus Portfolios, LLC;
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Investment Management and Hedge Fund Firm Mergers, Acquisitions, Spin-offs and Transactions
View Comments (1) | Add a Comment |
1 Comments
by great investment on May 8th, 2012
I think getting a piece of this investment is such a smart move. You will be able to get so much from it. Great move here. GIS Mapping
More Recent Headlines
Top 100 Hedge Fund List gets shaken up by Market Turmoil |
Goldman Funding ex-Barclays Trader through Seeding Fund |
Highbridge Capital Management taps Arjun Menon to lead Asia Investment Operations |
Top 10 Hedge Funds lose $31.8 Billion, John Paulson’s Fund Leads the Losers |
Most Global Macro Hedge Funds Suffer, Brevan Howard Thrives |
UCITS HFS Index not able to profit from market upswing, down -0.76% in November 2011 |
Och-Ziff Capital announces entry by Partners into Rule 10b5-1 Trading Plans |
Hedge Funds Circling Over the European Wreckage |
Ruud Hendriks to lead Man Group’s Institutional Group |
Highbridge Capital veteran Carl Huttenlocher launches Myriad Asset Management |
