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As creditors, counterparties and lawyers pore over the business of embattled commodity trader Radiant World, a low-rise office building in the emirate of Ajman, just north of Dubai, may contain one key piece of the puzzle.
Russian President Vladimir Putin signed a decree on Thursday to transferย assets of Swiss food giant Nestle and three French groups to a company called LEV Management. Most Western companies quickly sold their Russian operations and holdings after Moscow launched its full-scale invasion of Ukraine, and the Kremlin has since made it difficult for firms to leave the country.ย
Tera Portfoy Yonetimi AS said two of its funds with a combined 366 billion liras ($7.5 billion) in assets failed to meet redemption requests, making it the second Turkish asset manager to announce defaults on some funds this week.
Millennium Management's assets have hit $97 billion, more than double what the firm oversaw six years ago, and is speeding toward $100 billion. Hema Parmar reports on "Bloomberg Open Interest." (Source: Bloomberg)