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The software glitch suffered by Knight Capital Group Inc. has resulted in a quarterly loss of $389.9-million (U.S.), or $6.30 a share. On the bright side, most of the firm’s clients have come back, according to CEO Thomas Joyce.
Fundraising in Asia gets tougher while investors get pickier
Private equity funds raised in Asia Pacific in the third quarter of this year are down by almost half from the same period last year, according to data from the Asian Venture Capital Journal.