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...Several larger firms, including the listed Apollo Global Management, Carlyle Group and Blackstone, have warned they expect to miss initial fundraising targets for their flagship buyout funds....
...Its assets have decreased from €17.8bn five years ago to €6.7bn....
...Apparently, Apollo Global Management has other priorities....
...Triple-B [the lowest rung of IG] spreads are at about 120bp, whereas double-B high-yield is at 200bp. So you pick up 80bp from going from triple-B to double-B....
...All three groups declined to comment....
...US private equity group Apollo Global Management has struck a deal to buy Wagamama owner The Restaurant Group for £506mn, following a lengthy campaign by activist investors for a shake-up of the dining operator...
...We’re assuming (b) ended up winning there....
...The PEG ratios of Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia and Tesla are 4.6, 1.3, 1.3, 1.2, 2.6, 0.7 and 2.1, respectively....
...Another thing to start: Odey Asset Management is to close five months after allegations of sexual assault and harassment against its founder, Crispin Odey, plunged one of London’s oldest hedge fund groups...
...This year it did the biggest UK deal of its kind, when general insurer RSA offloaded £6.5bn of liabilities to the group....
...And, indeed, everything about Carlotta, the latest London restaurant from the fast-growing group, screams bountifulness....
...The Hong Kong-based hedge fund that waged an activist campaign pushing for a shake-up at Wagamama owner The Restaurant Group stands to net £40mn in profit from its position after private equity giant Apollo...
...Companies with double B or B plus debt ratings have received solid demand, while lower-rated single B and triple C rated companies have been forced to go to private credit lenders for financing....
...“It’s heavily skewed towards stuff . . . that’s been downgraded over time from single B.” Triple C issuers listed on Ice BofA’s index include Dish, the TV group that recently merged with EchoStar....
...Wood’s flagship investment product — the $6.3bn ARK Innovation exchange traded fund, known as ARKK — is down more than 25 per cent over the past three months, according to Morningstar....
...But just as important is TGTG’s status as a “B corp” — a company certification that recognises businesses with social impact....
...The chair of Wagamama owner The Restaurant Group has said he will step down for personal reasons following a growing chorus of calls from activist investors for him to go....
...During Katharine Hepburn’s 1950 visit, she provided a list of requirements to the management, one of which was that she did not want to eat in the Georgia’s dining room, nor go out to a local restaurant,...
...The group told some of its junior auditors that it would put their pay on hold and told others it would increase their wages by 3 or 6 per cent, resulting in real-terms pay cuts....
...with the registered address of a pancake restaurant....
...Banz showed that between 1926 and 1975, the average annual rate of return from large US stocks was 8.8 per cent, while smaller ones averaged 11.6 per cent....
...The company blamed the slowdown primarily on the drop in demand at its restaurants in the Middle East as well as those in predominantly Muslim countries such as Indonesia and Malaysia....
...Free cash flow was also down but the impact of this on shareholders was limited, as management upped the proportion paid in dividends from the usual maximum of 50 per cent to 69 per cent....
...And in Tower Hamlets, east London, Anthony Ussher, a local restaurateur, is collecting bokashi food waste from a group of residents and restaurants, processing it in a basement soil factory developed by...
...LLC reeled in $7.3 billion of net trading revenue in the first nine months of last year, as the proprietary trading giant benefited from market swings and an expansion of its products....
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