Funds News
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Hedge funds’ returns have stayed “lackluster” this year, with the $2.3 trillion industry trailing the gains of the Standard & Poor’s 500 Index by about 10 percentage points, according to Goldman Sachs Group Inc.
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Temasek Holdings Pte, Singapore’s state-owned investment company, bought a stake in Markit Group Ltd. for about $500 million, according to a person with knowledge of the matter.
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Canary Wharf Group Plc and Qatar’s sovereign-wealth fund won local-government approval to construct offices and 877 homes in eight buildings at the site of Royal Dutch Shell Plc’s U.K. headquarters near the London Eye Ferris wheel on the River Thames.
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Temasek Holdings Pte, Singapore’s state-owned investment company, boosted its stake in Industrial & Commercial Bank of China Ltd. for the third time in a year as Goldman Sachs Group Inc. exited its seven-year-old investment.
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