Bank of America to sell China Construction Bank stake

Bank of America to sell China Construction Bank stake (via AFP)

Bank of America will sell its entire stake in China Construction Bank (CCB) for around $1.5 billion, a report said Tuesday, exiting an investment it made eight years ago. The US lender is selling two billion Hong Kong-listed shares in China’s second…

Q2 Letter: Baupost won big in Q2 with PG&E, eBay, Liberty Global

VolatilitySeth Klarman's Baupost recorded "strong" gains for the second quarter, although precise numbers were not included in the July 23 letter to investors, which was reviewed by ValueWalk. Klarman said that during the first quarter, they were "substantial purchasers of securities," while during the second, they were "significant net sellers" due to the strong rally. Read More