Japan's Nikkei share average ended higher on Friday, driven by chip-related heavyweights, and posted a record fiscal-year gain in terms of points amid heavy foreign buying. The rally was supported by foreign buying on a weaker yen and expectation that the Bank of Japan will stick with loose monetary policy. On Friday, the Nikkei ended up 0.5% at 40,369.44, recouping some of the previous session's losses.
TimesSquare Capital Management, an equity investment management company, released its “U.S. Mid Cap Growth Strategy” fourth-quarter investor letter. A copy of the same can be downloaded here. In the fourth quarter, the strategy underperformed the Russell Midcap Growth Index and returned 13.66% (gross) and 13.44% (net) while the index return was -14.55%. In addition, please check […]
In the week since a line of Japanese health supplements began being recalled, five people have died and more than 100 people were hospitalized as of Friday. Osaka-based Kobayashi Pharmaceutical Co. came under fire for not going public quickly with problems known internally as early as January. The first public announcement came March 22.
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