Tuesday, 6th January 2009
Emergent Asset Management, the UK hedge fund, is planning to raise up to €3bn ($4.4bn) for a private equity-style fund that will invest in African agriculture, according to a report in The Sunday Times, London.
The Africa Land Fund has already secured a commitment of nearly €2bn from a US pension fund, and is courting several investors.
Sebastian + Barquet, a three-year old design gallery based in New York and Chelsea, is opening a new gallery showing museum quality pieces in Mayfair next month, the first in London to focus on international modernism from the 1940s to the 1960s. Its opening exhibition is dedicated to American modernist design and is curated by celebrated architect Eric Parry.
Merrill Lynch’s John Thain may not be getting a bonus this year, but the former Goldman Sachs Group executives he hired are getting a fortune.
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