Core Insights - Global IMC LLC significantly reduced its stake in Sportradar Group AG, selling 253,168 shares valued at approximately $7.5 million, which decreased its ownership from 45.2% to 13.5% of reportable assets [2][10] - Sportradar Group AG reported strong financial performance in the third quarter, with revenue of €292 million, a 14% year-over-year increase, and adjusted EBITDA rising 29% to €85 million, achieving record margins of 29% [10] Company Overview - Sportradar Group AG is a leading provider of sports data, analytics, and digital content solutions for the sports betting and media industries, leveraging proprietary technology and a global network [6][8] - The company generates revenue through mission-critical data feeds, analytics, and technology platforms that support the full sports betting and media value chain, serving a diverse customer base including bookmakers and sports leagues [8] Financial Metrics - As of the latest market close, Sportradar's stock price was $22.86, reflecting a nearly 38% increase over the past year, outperforming the S&P 500, which rose 16.5% in the same period [3][4] - The company reported a total revenue of $1.23 billion and a net income of $94.83 million, with a market capitalization of $6.77 billion [4]

Core Viewpoint - UBS Group is shutting down investment funds managed by its hedge fund unit O'Connor due to losses linked to the bankruptcy of U.S. auto parts supplier First Brands Group [1] Group 1 - UBS Group's hedge fund unit O'Connor has faced significant losses [1] - The decision to wind down the funds is a direct response to these financial challenges [1] - The bankruptcy of First Brands Group has been a key factor in the losses incurred by O'Connor [1]

Core Points - The China Fund, Inc. has successfully liquidated as planned on October 29, 2025, with stockholder interests in the Fund's assets determined on that date [1] - Shares of the Fund will cease trading on the NYSE prior to the opening of business on October 30, 2025, with the primary liquidating distribution expected to be paid in cash on October 31, 2025 [1] - The expected liquidating distribution per share is $18.335460 [2] Distribution Details - The Fund may issue additional smaller distributions in the future if it is not feasible to distribute all assets in the primary liquidating distribution [2] - The liquidation is generally a taxable event for stockholders subject to U.S. federal income tax, with capital gains or losses realized based on the difference between the total liquidating distribution received and the stockholder's adjusted basis in the Fund's shares [2] Acknowledgments - The Board expressed gratitude to all stockholders for their support over the Fund's more than 40 years of operation [3]