Money in bank

Billionaire investor and philanthropist Richard Chandler, who heads Singapore-based investment fund Orient Global, has bought a 3 per cent stake in Russian commercial bank Sberbank for $430 million, reports The Guardian. Chandler’s Sovereign Global Investment fund invested in Russian stocks in the 1990s, at one time accumulating as much as 5 percent of Russian gas company Gazprom. According to Forbes he and brother Christopher, born in Matangi, Waikato, also a billionaire, invested proceeds from the sale of their parents’ retailing business — Chandler House — in Hong Kong real estate. Together they founded investment firm Sovereign Global, focusing on transitioning economies in Russia, Latin America, Asia and Eastern Europe.


Tags: Guardian (The)  Investment  Richard Chandler  Russia  Sovereign Global  

Maps Reveal New Details About Zealandia

Maps Reveal New Details About Zealandia

New Zealand’s research institute GNS Science has published two maps revealing new research about the underwater continent Zealandia, where dinosaurs once roamed – and is allowing the public to virtually explore…