Who wrote this article?

Aakash Agarwal, Capitalmind's research team.

US based Hedge Fund Millennium buys stake in Reliance Communications & Rural Electrification Corporation

31 May 2016Aakash Agarwal1 min read

Quick Facts

What is "US based Hedge Fund Millennium buys stake in Reliance Communications & Rural Electrification Corporation" about?
What category is this article in?: Stocks
Who wrote this article?: Aakash Agarwal, Capitalmind's research team.
When was this article published?: Published 31 May 2016.
How long does this article take to read?: 1 min read
What topics does this article cover?: RCOM, RECLTD
What does the "Disclaimer" section say?: Nothing in this newsletter is financial advice and should not be construed as such. Please do not take trading decisions based solely on the matter above; if you do, it is entirely at your own risk without any liability to Capital Mind. This is educational or informational matter only, and is provided as an opinion.

Rcom and REC

Integrated Core Strategies (Asia) – the Mauritius arm of the global investment management firm - Millennium Management purchased stake worth 86 crore (18,482,085 shares representing 0.75%) in Reliance Communications and 82 crore (5,092,346 shares representing 0.52%) in Rural Electrification Corporation.

Millenium Logo

Founded by Izzy Englander - Millennium Management LLC is a privately owned hedge fund sponsor. The firm primarily provides its services to pooled investment vehicles. It launches and manages private funds investing in equity markets. The firm invests in public equity and fixed income markets across the globe. It also invests in derivatives including futures, contracts, and options. The firm also invests in asset backed securities and currencies to make its investments.

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Disclaimer

Nothing in this newsletter is financial advice and should not be construed as such. Please do not take trading decisions based solely on the matter above; if you do, it is entirely at your own risk without any liability to Capital Mind. This is educational or informational matter only, and is provided as an opinion.