Leonard Kehnscherper - Profile and Journalist Details
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Leonard Kehnscherper
Verified
Asset Management Reporter, Bloomberg News
London
Beats
agriculture, environmentHousing, mortgages arts, personal finance
religion, economics
Content
By Leonard Kehnscherper Verified| Bloomberg Law Verified Boaz Weinstein notched a rare win in his campaign against UK investment trusts as a fund run by Janus Henderson Group Plc is starting an offer to buy back shares — allowing the hedge fund manager to exit his investment. The European Smaller Companies Trust is inviting investors to tender up to 42.5% of the fund’s shares, according to a statement Tuesday.
By Leonard Kehnscherper Verified| Bloomberg Law Verified Boaz Weinstein notched a rare win in his campaign against UK investment trusts as a fund run by Janus Henderson Group Plc is starting an offer to buy back shares — allowing the hedge fund manager to exit his investment. The European Smaller Companies Trust is inviting investors to tender up to 42.5% of the fund’s shares, according to a statement Tuesday.
By Leonard Kehnscherper Verified| Bloomberg Tax Verified Ageas SA agreed to acquire the UK’s Esure Group Plc from Bain Capital for £1.3 billion, in a deal that will create the third largest motor and home insurer in the country. Brussels-based Ageas said the deal could generate at least £100 million in cost savings for the insurer per year, according to a statement on Monday. The transaction, which is subject to regulatory approval, is expected to close in the second half of 2025. Shares in Ageas were trading up 1.8% as of 11:30 a.m. in Brussels.
Company Info
Bloomberg News
Bloomberg L.P. is a global financial data, software, and media company founded in 1981 by Michael Bloomberg and his partners. Originally named Innovative Market Systems, it rebranded to Bloomberg L.P. in 1986. The company is renowned for the Bloomberg Terminal, a proprietary platform that provides real-time financial data, analytics, and trading tools to over 350,000 subscribers worldwide. Bloomberg operates in three main areas: financial technology, news/media, and data analytics. Its flagship product, the Bloomberg Terminal, offers market data, news, and communication tools for financial professionals. Bloomberg News, with over 120 bureaus globally, covers financial markets, politics, and technology across various platforms, including digital, television, and print. The company also provides specialized data and analytics services, including legal and regulatory information, through its acquisitions. Bloomberg L.P. is privately held, with an estimated revenue of $12.5 billion in 2023, primarily from terminal subscriptions.
United Arab Emirates, United Arab Emirates
+1 212-318-2000
Founded: 1981