BlackRock, Others Buy Into Formula One

By Retracement:Private equity firm CVC Capital (CVC) has sold a $1.6 billion (1.0 billion pounds) stake in 'Formula One' to three investors including BlackRock (BLK) ahead of the motor racing company's planned $3 billion IPO in Singapore.

One of the biggest stories of this summer, as previewed originally here in November of 2014, has been the dramatic shift in the direction of capital flow from toward emerging markets (and China), to away from emerging markets (and China).

ET Intelligence Group: Primary markets are emerging as a new route to raise exposure to Indian equities for sovereign wealth funds (SWFs). Prominent SWFs such as Abu Dhabi Investment Authority (ADIA), Kuwait Investment Authority (KIA), Government Pension Fund Global (GPFG) of Norway and Monetary Authority of Singapore (MAS) invested in about 30% of the initial public offerings (IPOs) in the past 18 months. Narayana Hrudayalaya, InterGlobe Aviation, Parag Milk, VRL Logistics and Alkem Labs were some of the prominent investment targets.

By Zacks Investment Research: Estimates continue to rise for Waddell & Reed Financial (WDR) following the company's 5th straight earnings beat. It is a Zacks Rank #1 (Strong Buy) stock.

Waddell & Reed Financial Inc (WDR) March 06, 2013 9:05 am ET Executives Daniel Paul Connealy - Chief Financial Officer and Senior Vice President Henry John Herrmann - Chairman of The Board and Chief Executive Officer Analysts William R. Katz - Citigroup Inc, Research Division Presentation William R. Katz - Citigroup Inc, Research Division

Waddell & Reed Financial (NYSE:WDR) Q2 2014 Earnings Call July 29, 2014 10:00 am ET Executives Henry John Herrmann - Chairman of The Board and Chief Executive Officer Nicole McIntosh-Russell - Vice President of Investor Relations

Waddell & Reed Financial (WDR) Q3 2013 Earnings Call October 29, 2013 10:00 am ET Executives Henry John Herrmann - Chief Executive Officer and Chairman of The Board Nicole McIntosh - Director of Investor Relations Daniel Paul Connealy - Chief Financial Officer and Senior Vice President

Waddell & Reed Financial (WDR) Q2 2013 Earnings Call July 30, 2013 10:00 am ET Executives Henry John Herrmann - Chief Executive Officer and Chairman of The Board Nicole McIntosh - Director of Investor Relations