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A dual-listed company or DLC is a corporate structure in which two corporations function as a single operating business through a legal equalization agreement, but retain separate legal identities and stock exchange listings. Virtually all DLCs are cross-border, and have tax and other advantages for the corporations and their stockholders.
The master hedge fund, Long-Term Capital Portfolio L.P., collapsed soon thereafter, leading to an agreement on September 23, 1998, among 14 financial institutions for a $3.65 billion recapitalization under the supervision of the Federal Reserve. [1] The fund was liquidated and dissolved in early 2000. [5]
Cross-listing (or multi-listing, or interlisting) of shares is when a firm lists its equity shares on one or more foreign stock exchange in addition to its domestic exchange. To be cross-listed, a company must thus comply with the requirements of all the stock exchanges in which it is listed, such as filing.
The conversion to dual primary listing does not involve any issue of new shares or even raising of funds by the company, Alibaba said. Hong Kong-listed shares of the company gained as much as 0.7% ...
Man GLG (formerly GLG Partners) is a discretionary investment manager and a wholly owned subsidiary of British alternative investment manager Man Group plc.It is a diversified and multi-strategy fund manager that operates strategies including equity long-short funds, convertible arbitrage funds, emerging market funds and long-only mutual funds. [2]
Welcome to the Capital Note, a newsletter about business, finance and economics. On the menu today: a new SPAC fund, Palantir goes public, and conflicts of interest in economics.SPAC Fund I’ve ...
In 2016, Saba profited substantially from capital structure arbitrage trades in Linn Energy and Chesapeake Energy when it successfully backed the bonds in those companies that were highly mispriced relative to the equity. [6] From 2012 to 2014, Saba suffered from underperformance leading to some investors withdrawing their funds.
In October 2021, Squarepoint entered a strategic partnership with Arini Capital, a European hedge fund. [7] [8] Squarepoint would provide support to the fund. [7] [8] In March 2022, it was reported Squarepoint has been trading bitcoin futures on the Chicago Mercantile Exchange but has been hesitant on crypto trading. [9]