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...“I would always be cautious about any company that does not have its dividend covered,” said Nate Koppikar, a partner at hedge fund Orso Partners, which has bet against Blackstone shares....
...Treasure chest Shareholders are starting to ask questions over who really owns the art on companies’ balance sheets, the FT’s Leo Lewis writes....
...Shareholders last year voted against the continuance of the company, sparking a strategic review by a new board and ultimately a sale process....
...Enrico Crasso, a former Credit Suisse banker who had set up an independent consulting company to provide financial advice to the Holy See, was convicted of embezzlement, money-laundering and corruption and...
...Other top donors to Tell It Like It Is included billionaire investors Stanley Druckenmiller, Jeff Yass, Cliff Asness and Bill Ackman, as well as DraftKings CEO Jason Robins, Arizona Cardinals owner Michael...
...Blackstone was one of several parties to bid for the company as it went through a strategic review in recent months....
...This investment vehicle aims to make the classic private equity strategy of buying companies, loading them up with debt and then turning them around, available to smaller investors....
...It doesn’t happen overnight,” Jonathan Gray, president of Blackstone, told the Financial Times in an interview....
...Peltz is seeking board seats for himself and former Disney chief financial officer Jay Rasulo....
...Top of this list may be Vivendi, the billionaire Bolloré family’s holding company, which has voiced its opposition over the price KKR will pay....
...“Once companies, especially financial services companies, get to the $50bn market cap, their stock performance suffers,” Nuttall said. “Investor returns become more anaemic. Their growth slows.”...
...Cue uplifting videos of workers at entities such as CHI Overhead Doors, a Michigan manufacturing company, celebrating their financial gains....
...The company also raised a $725mn fixed-rate loan with a coupon of 7.63 per cent....
...The backlog is four times larger by value than it was during the global financial crisis. Not all these unsold companies will be duds....
...TPG sold a controlling stake in the talent agency CAA to Artémis, the holding company of the Pinault family, at a $7bn valuation....
...In large bankruptcy cases, there are often thousands of stakeholders, ranging from small business creditors to huge financial institutions....
...company said....
...Private equity group Carlyle and Abu Dhabi investment group IMI have agreed a fresh debt funding package for the Barclay family’s Very Group, the Liverpool-based retail and financial services group....
...The new financial benchmarks signal rising optimism at the investment group after a period of stagnation and management turmoil....
...But Blackstone said that rallying financial markets would finally pave the way for IPOs, M&A and cash-outs in 2024. Blackstone’s marked returns by asset class also proved interesting....
...The Financial Times reported last month that Blackstone has built a $560mn liability to the US as a result of its return promise after the fund lost value last year....
...“There are enough things in LPs’ portfolios that they can price at a smaller discount today and that makes them feel better,” Miller said....
...Barclays operates a partnership model in the US market, running co-branded credit cards for 20 companies including The Gap, JetBlue Airways and the AARP....
...The answer, like the LP, has two sides....
...Sunak’s background in the financial sector means he is seen by some business executives as more of a known quantity than his predecessors, many of whom have limited private sector experience....
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