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Mutual Fund Center

UPDATE 1-Blackstone offers $2.3 bln for Australia's Investa Office Fund

May 28 Australia's Investa Office Fund (IOF) said on Monday it has received a A$3.08 billion ($2.3 billion) unsolicited non-binding buyout proposal from the Blackstone Group. The directors of IOF manager Investa Listed Funds Management (ILFM) said they plan to unanimously recommend the offer, which equates to a distribution adjusted price of A$5.15 per unit.

Blackstone offers $2.3 billion for Australia's Investa Office Fund

May 28 Australia's Investa Office Fund (IOF) said on Monday it has received a A$3.08 billion ($2.33 billion) unsolicited non-binding buyout proposal from the Blackstone group. The directors of IOF manager Investa Listed Funds Management said they plan to unanimously recommend the offer, which equates to a distribution adjusted price of A$5.15 per unit. ($1 = 1.3235 Australian dollars) (Reporting by Aaron Saldanha in Bengaluru; editing by Richard Pullin)

CORRECTED-INSIGHT-Kenya moves to regulate fintech-fuelled lending craze

NAIROBI, May 25 Kenya built a reputation as a pioneer of financial inclusion through its early adoption of a mobile money system that enables people to transfer cash and make payments on cellphones without a bank account.

UPDATE 1-Speculative U.S. 10-year T-note net shorts hit five-week low -CFTC

* Hedge funds pare 10-year net shorts to least in 2 months * Bond dealers' 10-year net shorts highest since Feb 2016 * Speculators turn net long on 2-year T-note * Speculative ultra bond net shorts hit record high (Adds details on latest figures) By Richard Leong May 25 Speculators' net bearish bets on U.S. 10-year Treasury note futures fell to a five-week low earlier this week, as 10-year yields retreated from a near seven-year peak, according to Commodity

BUZZ-U.S. stocks weekly: On again, off again

** S&P 500 finishes week up 0.3 pct even as trade tensions linger and U.S. summit with North Korea is put on hold

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