Corporate Landing

Reuters: Wealth

• UBS Wealth closes U.S. equity overweight, favors emerging stocks
  UBS Global Wealth Management has closed its overweight position in U.S. equities and shifted to an overweight in emerging market and Japanese stocks, it said on Thursday.
• Collapsed hedge fund Columna sues Permira-backed former managers
  The new managers of Columna Commodities Fund, a Luxembourg hedge fund which went into liquidation in early 2017, have said they are suing its former managers Alter Domus for $56 million in lost...
• Exclusive: Advent readies new $2.2 billion Latam private equity fund - sources
  U.S. private equity firm Advent International Corp is preparing to launch a $2.2 billion fund to invest in Latin American companies, two people with knowledge of the matter told Reuters.
• Norway's wealth fund extends ownership of New York real estate
  Norway's sovereign wealth fund will pay about $98 million dollars to extend the term of its ownership in a portfolio of New York properties and to acquire a few new, the fund said on Wednesday.
• Bridgewater warns of peak U.S. profit margins, lower stock prices
  The major drivers of high U.S. corporate profit margins are unsustainable and "now under threat", which will eventually result in much lower equity prices, Bridgewater Associates, the world's largest...