Lender Kimura to Close Trade-Finance Business, Return Money to Goldman Sachs

Bloomberg12-18

(Bloomberg) -- Private commodity financier Kimura Capital LLP is closing its London-based lending business, the latest exit from a sector that has witnessed a flight of capital in recent years. Kimura...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2492954909?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/0Mx.I1.Z29J1JoXqYdDOMg--~B/aD0xMzM0O3c9MjAwMDthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/bloomberg_markets_842/de1df3a19c8edafd0f1ce457251a26e2","is_english":true,"pubTime":"2024-12-18 00:45","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2492954909","market":"us","top_or_hot":-1,"title":"Lender Kimura to Close Trade-Finance Business, Return Money to Goldman Sachs","media":"Bloomberg","content":"<div>\n<p>(Bloomberg) -- Private commodity financier Kimura Capital LLP is closing its London-based lending business, the latest exit from a sector that has witnessed a flight of capital in recent years.\nKimura...</p>\n\n<a href=\"https://finance.yahoo.com/news/lender-kimura-close-trade-finance-164500029.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Lender Kimura to Close Trade-Finance Business, Return Money to Goldman Sachs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLender Kimura to Close Trade-Finance Business, Return Money to Goldman Sachs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-18 00:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/lender-kimura-close-trade-finance-164500029.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Private commodity financier Kimura Capital LLP is closing its London-based lending business, the latest exit from a sector that has witnessed a flight of capital in recent years.\nKimura...</p>\n\n<a href=\"https://finance.yahoo.com/news/lender-kimura-close-trade-finance-164500029.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4135","symbol_name":"资产管理与托管银行","start_time":0,"source_url":"https://finance.yahoo.com/news/lender-kimura-close-trade-finance-164500029.html","article_id":"2492954909","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/0Mx.I1.Z29J1JoXqYdDOMg--~B/aD0xMzM0O3c9MjAwMDthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/bloomberg_markets_842/de1df3a19c8edafd0f1ce457251a26e2"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492954909","pubTimestamp":1734453900,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":" -- Private commodity financier Kimura Capital LLP is closing its London-based lending business, the latest exit from a sector that has witnessed a flight of capital in recent years.Kimura — which had grown into a significant lender to commodity trading companies — is shutting its financing arm and returning money to investors including Goldman Sachs Asset Management, according to people familiar with the matter who declined to be named discussing sensitive details.Spokespeople for both Kimura and Goldman Sachs separately declined to comment.Credit from banks or other financiers is the fuel that powers the commodities-trading industry, backing multi-million dollar shipments of everything from corn to diesel as they’re moved around the world.Kimura’s exit adds to an already tough December for the commodity trade finance sector. Invoice-financing provider Stenn Technologies was put into administration after its main lender, HSBC Holdings Plc, raised concerns about the firm’s client list.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4135":"资产管理与托管银行","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","BK4127":"投资银行业与经纪业","LU2237443895.HKD":"abrdn SICAV I -  GLOBAL DYNAMIC DIVIDEND \"A\" (HKD) ACC","BK4516":"特朗普概念","IE0004086264.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"A\" (USD) ACC","IE0004091025.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"B\" (USD) ACC","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","LU2237443382.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA USD","LU1791807156.HKD":"BGF WORLD FINANCIALS \"A2\" (HKDHDG) ACC","BK4585":"ETF&股票定投概念","LU2237443549.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA SGD-H","BK4533":"AQR资本管理(全球第二大对冲基金)","LU2237443465.HKD":"abrdn SICAV I -  GLOBAL DYNAMIC DIVIDEND \"A\" (HKD) INC","LU2237443622.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc USD","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","LU2237443978.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc SGD-H","IE00BFXG1179.USD":"BNY MELLON U.S. EQUITY INCOME \"B\" (USD) INC","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU2237438978.USD":"Amundi Funds US Pioneer A2 (C) USD","BK4588":"碎股","GS":"高盛","BK4550":"红杉资本持仓","LU0106831901.USD":"贝莱德世界金融基金A2","BK4552":"Archegos爆仓风波概念","BK4504":"桥水持仓","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","GSBD":"高盛BDC基金"},"translate_title":"贷款人木村将关闭贸易融资业务并将资金返还给高盛","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GS":0.9,"GSBD":0.9},"content_text":"(Bloomberg) -- Private commodity financier Kimura Capital LLP is closing its London-based lending business, the latest exit from a sector that has witnessed a flight of capital in recent years.\nKimura — which had grown into a significant lender to commodity trading companies — is shutting its financing arm and returning money to investors including Goldman Sachs Asset Management, according to people familiar with the matter who declined to be named discussing sensitive details. \nSpokespeople for both Kimura and Goldman Sachs separately declined to comment. \nCredit from banks or other financiers is the fuel that powers the commodities-trading industry, backing multi-million dollar shipments of everything from corn to diesel as they’re moved around the world.\nBut market shifts related to the Covid-19 pandemic uncovered a series of commodity trading frauds in Singapore and Dubai, and banks pulled back from large swathes of the industry. That left private credit providers to finance small- and medium-sized traders, often at higher interest rates. \nKimura’s exit adds to an already tough December for the commodity trade finance sector. Invoice-financing provider Stenn Technologies was put into administration after its main lender, HSBC Holdings Plc, raised concerns about the firm’s client list. \nOther Kimura ventures in commodity logistics and sports management will continue operating, one of the people said. However, a commodity hedge fund proposed earlier in 2024 with investment managers from Gaspara Asset Management will not move forward. \n“Despite gaining positive traction with several institutional investors, Gaspara took the decision to exit the proposed joint venture with Kimura in November,” a spokesperson for Gaspara Asset Management said. It “continues to manage the Gaspara Blue Fund in continuity since December 2021, with the same strategy, investment team and structure.”\n©2024 Bloomberg L.P.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2492954909"}