Matthews Asia promotes co-leads on Pacific and Japan funds citywireselector.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from citywireselector.com Daily Mail and Mail on Sunday newspapers.
Best performing managers in the best performing sectors
By Tanvi Kandlur 28
th May 2021 12:27 am
More than 60 leading fund managers have been nominated in FE fundinfo’s Alpha Manager Awards this year, recognising their achievements in outperforming the volatile markets of 2020.
The shortlist for each category is determined by identifying the highest scoring managers from the 2021 rebalance. A mix of quantitative and qualitative assessment is then applied to pick the most successful from this shortlist, so it provides a comprehensive overview of their performance.
Given the volatility of last year, the nominated fund managers tell an interesting story about the effectiveness of the different strategies employed over the past 12 months and the opportunities provided in each of the different markets. While this year there are 13 award categories overall, we will look at the seven categories which focus specifically on equity markets in order to prov
JD com (NASDAQ:JD), Alibaba (NYSE:BABA) - JD com s Logistics Arm Aims To Raise $3 4B From Hong Kong IPO benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
JD Logistics sets IPO price, eyes $3.4B valuation
Spinoff bets on automation investment
0 130 1 minute read JD Logistics could be valued at $3.4 billion after its IPO listing. (Photo: Freer/Shutterstock)
On Monday, JD Logistics, the supply chain spinoff of JD.com (NASDAQ:JD), set its Hong Kong IPO price between $HK39.36 and $HK43.36 for a total of 609.1 million shares. This pricing could lead to a $3.4 billion valuation for the company.
JD.com plans to hold 10% of JD Logistics’ shares, according to the new filing.
The listing would also provide an over-allotment option that would provide another 91 million shares, raising an additional $510 million.
The Blackstone Group L P (NYSE:BX), Goldman Sachs Group, Inc (The) (NYSE:GS) - JD Logistics Sets IPO Price, Eyes $3 4B Valuation benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.