Zara Founder Goes on Deal Spree to Shield $104 Billion from Tax
The Inditex SA founder's family office, Pontegadea, snapped up a five-star Paris hotel, a Florida apartment block and a building on Barcelona's iconic Diagonal Avenue as part of transactions totaling more than $500 million in the past three months, according to data compiled by Bloomberg. The A Coruna, Spain-based firm is also in talks to buy an office building in Miami for $275 million, lining up a further addition to Europe's biggest real estate empire owned by an individual investor.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
25 minutes ago
- Yahoo
Fiserv (FI) Sold Off Due to Slowdown in Its Clover Payment Processing Unit's Growth
Madison Investments, an investment advisor, released its 'Madison Large Cap Fund' second-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the second quarter, the fund (Class Y) increased 3.1%, compared to a 10.9% gain for the S&P 500 index. In addition, please check the fund's top five holdings to know its best picks in 2025. In its second quarter 2025 investor letter, Madison Large Cap Fund highlighted stocks such as Fiserv, Inc. (NYSE:FI). Fiserv, Inc. (NYSE:FI) is a payment and fintech services provider. The one-month return of Fiserv, Inc. (NYSE:FI) was -2.98%, and its shares gained 4.31% of their value over the last 52 weeks. On July 21, 2025, Fiserv, Inc. (NYSE:FI) stock closed at $165.46 per share with a market capitalization of $91.737 billion. Madison Large Cap Fund stated the following regarding Fiserv, Inc. (NYSE:FI) in its second quarter 2025 investor letter: "The bottom five detractors for the quarter were Fiserv, Inc. (NYSE:FI), Arch Capital Group, Copart, Alcon, and Progressive. Fiserv's shares sold off sharply in the quarter due to a slowdown in volume growth at its Clover payment processing unit. Fiserv's other businesses are performing well, and we believe the slowdown at Clover is due to transitory factors and that growth will pick back up in the latter part of 2025." A businesswoman using a digital tablet, making a payment using the company's payment processing technology. Fiserv, Inc. (NYSE:FI) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 72 hedge fund portfolios held Fiserv, Inc. (NYSE:FI) at the end of the first quarter, which was 80 in the previous quarter. While we acknowledge the potential of Fiserv, Inc. (NYSE:FI) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered Fiserv, Inc. (NYSE:FI) and shared Oakmark Equity and Income Fund's views on the company. Ariel Appreciation Fund established a position in Fiserv, Inc. (NYSE:FI) during Q2 2025. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25 minutes ago
- Yahoo
Brookfield Corporation (BN) Bounced Back After Reporting Strong Results
Madison Investments, an investment advisor, released its 'Madison Large Cap Fund' second-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the second quarter, the fund (Class Y) increased 3.1%, compared to a 10.9% gain for the S&P 500 index. In addition, please check the fund's top five holdings to know its best picks in 2025. In its second quarter 2025 investor letter, Madison Large Cap Fund highlighted stocks such as Brookfield Corporation (NYSE:BN). Brookfield Corporation (NYSE:BN) is an alternative asset manager and REIT/Real Estate Investment Manager firm. The one-month return of Brookfield Corporation (NYSE:BN) was 11.25%, and its shares gained 41.46% of their value over the last 52 weeks. On July 21, 2025, Brookfield Corporation (NYSE:BN) stock closed at $66.33 per share with a market capitalization of $101.73 billion. Madison Large Cap Fund stated the following regarding Brookfield Corporation (NYSE:BN) in its second quarter 2025 investor letter: "The top five contributors for the quarter were Ferguson, Berkshire Hathaway, Analog Devices, Texas Instruments, and Brookfield Corporation (NYSE:BN). Brookfield Corporation reported strong quarterly results and its shares bounced back in the quarter after selling off in the first quarter on fears of a slowdown in global economic growth." An experienced asset manager studying financial documents intently in their office. Brookfield Corporation (NYSE:BN) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 40 hedge fund portfolios held Brookfield Corporation (NYSE:BN) at the end of the first quarter, which was 37 in the previous quarter. While we acknowledge the potential of Brookfield Corporation (NYSE:BN) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered Brookfield Corporation (NYSE:BN) and shared Alphyn Capital Management's views on the company. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
25 minutes ago
- Yahoo
Challenger bank Cynergy seeks £1bn valuation in minority sale
A challenger bank previously owned by Cyprus's biggest lender is in talks to sell a minority stake at a valuation of up to £1bn. Sky News has learnt that Cynergy Bank, which specialises in lending to SMEs, has appointed Perella Weinberg Partners, the investment bank, to identify prospective new investors. Money latest: 'Sin taxes', pensions raid and 'stealth' income tax rise on way, say top economists Spun out of Bank of Cyprus, Cynergy Bank has been trading under its current name since 2019. It has been growing rapidly amid a slew of disrupters to enter the small business banking space since the last financial crisis. Among Cynergy Bank's peers are Allica Bank, Oaknorth and Starling Bank. To date, it has lent more than £4bn to business customers. One source close to the minority sale process said the proceeds would be used in part to provide growth capital to the company, with existing shareholders also expected to take some money off the table. Cynergy Capital, which bought the business from Bank of Cyprus for just over £100m, is backed by investors including Pradip Dhamecha (OBE), Balbinder Sohal, John Coulter and Ann Jones. Read more from Sky News: The bank is now likely to be valued at between £750m and £1bn in any new transaction, although insiders cautioned on Tuesday that a deal was not certain to be struck. A formal investment process will get under way in September. A spokesman for Cynergy Bank, which is the official banking partner of Premier League side Brentford, declined to comment.
