Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

D. E. Shaw Reportedly in Talks to Buy Large Stake in China’s TEDA

David E. Shaw’s $21 billion fund D.E. Shaw is in talks to buy a stake in the Chinese state-controlled investment company Tianjin TEDA International Holding, reports Businessweek. TEDA International oversees the Tianjin city government’s investments, like China Bohai Bank Co. and Tianjin Trust and Investment Co.

D.E. Shaw is in negotiations to buy 15 percent to 20 percent of TEDA International in a deal worth as much as 6 billion yuan ($942 million). If approved, “the investment would be the biggest by a foreign acquirer in China’s financial-services industry since March,” according to Businessweek. David Shaw

TEDA is the latest of Shaw’s investments to come out of China. Shaw’s fund “bought about $150 million of stock in New China Life Insurance Co.’s initial public offering in Hong Kong this month.”

Shaw has been investing in Asia for over 22 years. Businessweek reports, “More than half of all its employees globally are based in the South Asian nation.” Last year, Shaw relocated Julius Gaudio, who is one of its six executive committee members, to Hong Kong and in May, Shaw announced that it will “start stock-brokerage and private-equity businesses in India with billionaire Mukesh Ambani as demand for financial services grows in the world’s second-fastest growing major economy. The money manager will join with Ambani’s Reliance Industries Ltd., India’s biggest company by market value, to offer investment banking, derivatives trading and alternate-asset management next year.” Shaw’s first Asian office was opened in 1996 in Hyderabad in the southern Indian state of Andhra Pradesh.

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!