China’s Fosun International is expected to outdo an Italian private-equity firm in the ongoing bidding war for control of French holiday operator Club Méditerranée, according to Reuters. The Chinese conglomerate, led by billionaire Guo Guangchang, introduced a last-minute offer for Club Med on Friday, with the deadline for a counteroffer from Italian capitalist Andrea Bonomi quickly…
China’s Fosun To Outbid Italy’s Andrea Bonomi For Club Med
Odey Discusses Howard Marks’ Astute Observation On Why Hedge Fund Alpha Is Increasingly Rare [January Letter]
According to a copy of the firm's January investor update which ValueWalk has been able to review, the Odey Asset Management Odey Special Situations Fund returned 7.7% in January, outperforming its benchmark, the MSCI World USD Index, by 8.7%. Q4 2020 hedge fund letters, conferences and more The $60 million fund, which Adrian Courtenay manages, Read More
