Hints and tips:
Related Special Reports
...Englander has built Millennium into a hedge fund that increasingly resembles the markets division of a global bank....
...The UK group is known for a having a global investment reach, with dealmakers in 17 offices in cities ranging from Mexico City to Seoul....
...“There’s an opportunity to consolidate the industry.”...
...Traditional asset managers such as Franklin Templeton, AllianceBernstein and T Rowe Price have been racing to snap up alternative providers, including infrastructure, private equity and private credit funds...
...In one instance, Weightman’s pitch to a senior Barings employee who later defected is preserved in full, offering them an “interesting private credit opportunity at Corinthia Global Management” and to send...
...Tiger Global has raised $2.2bn for its latest venture capital fund, roughly a third of the $6bn target it touted to investors when it first announced the fund in 2022....
...In today’s newsletter: Tiger Global goes on the offensive Financiers pay homage to a Rothschild Dimon and debt at a packed Miami conference Tiger Global reflects on a ‘solid recovery year’ Chase Coleman...
...Edward Finley of Arrow Wealth Advisory LLC pointed out that from a certain point of view, the question “does private credit, as an asset class, generate excess return” is a sort of category mistake: An...
...Private credit funds stepped into the gap, writing multibillion-dollar loans to companies including Norwegian online classifieds company Adevinta and software maker New Relic, and providing money at a time...
...Rising public equity market valuations and demand from credit funds to make new loans are fuelling a recovery in activity....
...“Private equity backing is a clear growth accelerator and investment opens opportunities for acquisition, funding technology and other innovations,” said Anton Colella, Moore Global chief executive....
...“There’s a lot of volatility with a lot of fits and starts in the pace of activity,” said Stephan Feldgoise, global co-head of M&A at Goldman Sachs....
...Unhedged: But is the flipside that in a risk-on or reach-for-yield environment, clients start calling you to ask, why is my other credit fund manager posting, say, 9-11 per cent returns and you guys are...
...A 2023 survey of 58 of the largest private credit funds by Cliffwater, a US alternative investment adviser and fund manager, found they had an average leverage level of 112 per cent....
...Citadel Securities and Citadel, the hedge fund owned by Griffin, have also been expanding elsewhere in Asia, opening offices in Tokyo last year....
...In a market that provides vital support for the collateral and hedging operations of global investors, there are fears that risky hedge fund trading strategies involving large borrowings pose a constant...
...to mix without a fight: hedge funds and shipping....
...access to credit....
...“The capital is coming in from every channel, every geography because we have attractive real yields and the biggest, most liquid credit markets,” said John McClain, a portfolio manager at Brandywine Global...
...Scott Shleifer, the head of Tiger Global’s $30bn-plus private equity business, will step down from his role at the hedge fund at the end of the year....
...scale up AI experiments, resulting in missed opportunities to innovate....
...“Without a major course correction, the 2020s will go down as a decade of wasted opportunity,” said Indermit Gill, the World Bank’s chief economist and senior vice-president....
...But Hintze, a prominent philanthropist and Conservative party donor who was given a peerage late last year, will go his own way, spinning out the $1.5bn flagship Directional Opportunities hedge fund and...
...equity, macro and rates, and credit divisions....
...As big cloud computing vendors, Microsoft, Amazon and Google have also thrown in computing credits instead of cash in some cases....
International Edition