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Nordea’s $22bn flagship fund is now betting on the pound

  Bloomberg Nordea Bank’s Stable Return fund, Europe’s fastest growing asset manager, is betting the British pound is now on its way up. It’s a shift of strategy from earlier this year, when the 20 billion-euro ($22 billion) fund bet against sterling using the yen. It profited from that wager, with the pound losing 28 percent this year against the ...

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Sonnen considering IPO in bid to rival Tesla Powerwall storage

  Bloomberg Sonnen GmbH, a German solar-energy-storage maker that competes against Tesla Motors Inc.’s Powerwall battery, may pursue an initial share sale as early as 2017 to develop additional services. The company, formed in 2010 in Bavaria, sold its 10,000th battery this year and is taking on new stakeholders ahead of a potential IPO, according to its founder, Christoph Ostermann. ...

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Brexit advocate Boris Johnson hails EU in unseen column

  London / AP British Foreign Secretary Boris Johnson wrote an article urging that Britain stay in the EU just days before becoming the chief campaigner for Brexit, the Sunday Times newspaper reported. In the previously unseen column, Johnson asserted that remaining in the European Union would be “a boon for the world and for Europe”. He warned that Brexit ...

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