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...Many remain unclear how money shifted around its corporate web — a tangle of more than 1,000 companies and trusts — as the business scrambled for funds....
...However, Weinstein is considering several tactics, including share buybacks or pushing for fund liquidations in extreme cases. Saba Capital declined to comment....
...The company was placed into liquidation at the end of 2020 and finally shut down in June 2021....
...A Beijing court accepted a bankruptcy and liquidation application from Zhongzhi on Friday, stating that the group was unable to pay its debts....
...“The valuations of BXPE’s assets may differ from liquidation values that could be realised in the event that BXPE were forced to sell assets,” the BXPE prospectus warns....
...It was low enough, in fact, that some API shareholders were pushing for the fund’s liquidation over a sale. Other deals are in the offing....
...“I put my trust in my financial adviser,” Booth said. “They didn’t register any issues with Hartley at the time.” However, a year later things took a worrying turn for Hartley Sipp customers....
...It is unclear whether mainland Chinese courts will respect the Hong Kong liquidation ruling and whether other property groups will be allowed to collapse....
...One adviser to private capital groups said the Eurovita episode meant it was “one step forward, three steps back” for private equity’s standing with regulators after years of trust-building....
...The idea is to always have enough in reserve to cover at least 99 per cent of exposures in the event of a rapid liquidation....
...bills or money market funds, held by Paxos Trust Co....
...We’ve added one line of emphasis in the passage below: Over USD 2tn in inventory liquidation needed to handle the stock problem....
...If it fails, the fund risks a massive restructuring or even liquidation....
...HongShan told the Financial Times it had a “strong foundation of trust” with PeakXV and there would be opportunities for both teams to collaborate....
...Blackstone’s arrangement to fund the law firm is part of a wider investigation led by a unit of Teneo, the advisory firm, which was appointed by the courts to handle Fintyre’s liquidation....
...“They’re trying to undermine trust in the organs of the state, and in doing so, weaken them,” said Krauss, the Greens councillor....
...AGNC Investment Corp has $51.7bn, The Starwood Property Trust manages $28.3bn, Rithm Capital has $32bn, and the Blackstone Mortgage Trust another $26.8bn....
...Blackstone has been able to avoid widespread liquidation of its assets. However, it sold two casinos in Las Vegas and raised $4.5bn in new investment from the University of California endowment....
...Fundsmith Emerging Equities Trust, launched in 2014 to apply Smith’s signature investment approach to frontier and emerging markets, will place itself in voluntary liquidation, sell off its portfolio and...
...Insiders at Zurich-based GAM had voiced concerns about Haywood’s relationship with Australian financier Greensill, which ultimately led to the liquidation of the funds....
...The Blackstone-owned fund is also the most likely buyer of the assets in liquidation, of course, and has set just set a low valuation benchmark....
...Fundsmith Emerging Equities Trust plans to place itself in voluntary liquidation, sell off its portfolio and return the cash to investors, subject to shareholder approval, the investment trust said on Wednesday...
...New York-based Vornado Realty Trust wrote down its share of 650 Madison Avenue by about a third at the end of last year....
...It will wind down its operations having decided that “a voluntary liquidation of the bank is the best path forward”....
...The average loss for Spac founders from liquidation has been around $9mn....
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