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...a settlement with administrators of the failed UK investment firm....
...In recent weeks, buyout groups have struck a series of multibillion-dollar deals to buy assets from rivals including Cinven’s €4.9bn agreement to buy fund administrator Alter Domus from Permira and Clayton...
...“Any funds available for distribution in an insolvent company will be paid out by the administrators in accordance with the statutory order of priority for creditor payments,” he said....
...The update comes as fears grow over the financial stability of Thames Water, which is owned by private equity firms, pension funds and sovereign wealth funds....
...FTX’s administrators have since abandoned plans to revive the defunct exchange....
...Galaxy was chosen in August by administrators of the collapsed crypto exchange to sell, hedge and stake FTX’s bitcoin and ether coins, as well as its holdings of Grayscale’s bitcoin trust....
...In March, private equity group Permira agreed to sell fund administrator Alter Domus to rival Cinven in a €4.9bn transaction....
...UK private equity group Cinven is set to acquire a majority stake in fund administrator Alter Domus from Permira, according to people familiar with the matter, in a deal that highlights rising interest from...
...Cinven has agreed to buy a majority stake in the fund administrator Alter Domus from Permira, in a €4.9bn deal that is one of the biggest between private equity groups over the past year....
...“On present information, it is unlikely that sufficient funds will be realised to enable a distribution to be made,” according to documents filed at Companies House....
...professor of law at Tulane University....
...Because universities rely heavily on those fees, some administrators take a dim view of efforts to expose the problem. Or as this person put it, “whistleblowing is career-threatening”....
...As a result, January 2024 saw a higher requirement to fund working capital plus certain exceptional costs that were not foreseen.”...
...Meanwhile, the FCA on Thursday also found Woodford’s fund administrator, Link Fund Solutions, “failed to act with due skill, care and diligence”....
...The Cities of Literature tag has enabled some places, such as Melbourne, to raise funds for large literary festivals, arrange writing grants and support independent bookshops, and also connect writers in...
...It has also led to calls for reform of the rules on administrators’ fees....
...The AOC has proposed reforms to the levy to funnel funds from business into training in areas of national and local need, greater control for local authorities and colleges to deliver local skills and improved...
...The scheme was approved last December by 94 per cent of those who had money in the fund, including institutional investors, and will result in the return of 77 per cent of the money locked up in the fund...
...In its report, the group called for the church to invest in disadvantaged Black communities via a range of health, educational and social entrepreneurship projects....
...Blackstone’s flagship private equity and related funds have deployed hundreds of billions of dollars since its 1980s founding....
...The government is also seeking to raise the minimum guaranteed pension paid out to poorer people, and replace the deeply unpopular private pension administrators with a public administrator....
...to queries from the administrators on Monday....
...Rome said earlier this month that a special administrator would be appointed by the beginning of February....
...It created a so-called Blackstone University to provide educational materials to investors and their financial advisers....
...Up until now, though, few investors have adopted the approach, says Cristina Shapiro, president at the Impact Fund for Children, the investment division of Unicef USA....
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