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Buffett’s Suncor bet to revive investor interest in Canadian energy

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“Some investors are betting that a change in government in Alberta after a spring election could benefit the oil industry” reports businessinsider.com. FILE PHOTO: A Suncor refinery is seen in Sherwood Park Thomson Reuters By John Tilak and Fergal Smith TORONTO (Reuters) – Berkshire Hathaway Inc’s re-investment in Suncor Energy Inc highlights the benefits of being an integrated oil company and could revive investor interest in the languishing Canadian energy sector, fund managers said.While a bet on Suncor is not seen as a play on the entire industry, major Berkshire…

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A key Barclays investor which backed CEO Jes Staley has cut its entire stake in a major blow to the lender

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“Tiger Global, a hedge fund, had held a top 10 stake in Barclays but has since cut its entire holding, according to the Financial Times” writes Callum Burroughs for businessinsider.com. Staley’s plan for the lender was well received initially with Barclays’ share price touching £2.17 ($2.80) last March but its share price stands at £1.59 as of 9.40 a.m in London — down 0.5%.It’s a major blow to Barclays CEO Jes Staley who had received backing for his plan to reinvigorate the lender’s investment banking operations and focus on the…

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The EU could collapse in the same way the Soviet Union did, George Soros warns

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“The European Union (EU) is experiencing a “revolutionary moment” and the eventual outcome is “highly uncertain,” Hungarian-American investor Soros added” writes unknown author for cnbc.com. Billionaire investor and liberal political activist George Soros has issued a call for Europe to “please wake up” and recognize “the magnitude of the threat” it faces from what he said were its enemies, both internal and external. Source: cnbc.com

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Flybe investor raised fears of ‘collusion’ before sale

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“London investment firm Hosking Partners expressed concern to investment bankers running the sale process that suitors were communicating with one another in mid-December” writes Liam Halligan for telegraph.co.uk. Connect Airways, a consortium of the Sir Richard Branson-backed airline, Southend Airport owner Stobart and US private equity firm Cyrus Capital, shocked investors on Jan 11 by ­offering just £2.2m to buy Flybe. Source: telegraph.co.uk

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Investor Duped of $2 Million Worth MCash Tokens by Investment Firm

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“Another fraud has surfaced in the crypto investment industry as an investor filed a lawsuit against New-York based investment firm Blue Ocean Capital Group for misleading him into a $2 million dollar investment” writes Arnab Shome for financemagnates.com. Blue Ocean did not disclose the risks associated with the investment and even withheld information in the terms of the purchase.The filings show that Sun is seeking recission of his investments along with compensatory damages worth $6 million from the investment firm. Source: financemagnates.com

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In ‘Zucked’, early Facebook investor Roger McNamee explains why he turned against the company

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“Among the users who became concerned about what they saw in their feed at this time was early Facebook investor Roger McNamee” writes Anna Hensel for venturebeat.com. I hypothesized that somebody had to be spending money on advertising to get the people I knew to join the Facebook Groups that were spreading the images. Source: venturebeat.com

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Activist Edward Bramson targets seat on Barclays board

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“Activist investor Edward Bramson has submitted an application for a seat on the board of Barclays in a bid to shake up the 300-year-old lender” writes Matthew Lynn for telegraph.co.uk. Mr Bramson’s investment vehicle, Sherborne Investors, said in a brief statement on Tuesday that investors would consider the proposal at the bank’s annual general meeting (AGM) on May 2.The move ratchets up the pressure in an ongoing battle between the secretive investor and management at Barclays. Mr Bramson, who owns a 5pc stake in the banking giant, has argued that…

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Ultimate Software Group, which makes HR management software for the cloud, to be bought by an investor group led by PE firm Hellman & Friedman for about $11B

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“The investor group also includes Blackstone Group LP, GIC Pte Ltd, Canada Pension Plan Investment Board (CPPIB) and JMI Equity” writes Min Read for reuters.com. Goldman Sachs & Co LLC advised Ultimate Software, while Qatalyst Partners advised the investor group.Shares of Ultimate Software surged 19.5 percent to $332.01, as investors speculated about the prospects of a rival bidder emerging.(Reuters) – Ultimate Software Group Inc, a cloud-based human resources applications developer, said on Monday it agreed to be bought by an investor group led by private equity firm Hellman & Friedman…

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Switzerland January Credit Suisse investor sentiment -44.0 vs -22.2 prior

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“The reading measures analysts’ expectations on the Swiss economy and other economic expectations over the next 6 months” reports forexlive.com. Economic expectations for both the Eurozone and US also declined with the former falling from -25.9 in December to -40.0 in January, while the latter falls from -48.2 in December to -56.0 in January. Assessment of the current economic situation also declined further as investors appear to be growing less confident about the global economy by the month. Source: forexlive.com

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