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...The pair had partnered in a multibillion-dollar unsolicited takeover attempt of annuity specialist American Equity Investment Life, which the latter fended off....
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...Co-founder and chief executive Cesar Carvalho described the revamp as an “important milestone” ahead of an expected stock market flotation....
...Now EQT Partners, the group he co-founded with the Wallenbergs’ backing, has minted at least half a dozen billionaires, manages more than €230bn in assets, and in February raised €22bn for its latest flagship...
...house, who co-led the strategy....
...In 2023, private equity groups saw their stockpile of unsold investments surpass a record $3tn....
...Big private equity-cum-asset managers buy insurance companies (see also: Apollo/Athene, Brookfield/American Equity) not to cross-sell, but to gain a source of stable capital....
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...That’s when he got a call from James Robinson III, who was then the chief executive of American Express and the biggest power broker on Wall Street....
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...Firstly, approximately 30% of the Global and North American totals are made up of ‘dry powder’, i.e. undrawn capital commitments....
...He had met the co-head of Barings’ private finance group Adam Wheeler years earlier, when Wheeler worked at Australian firm AMP Capital, although Weightman said that this brief encounter had no bearing on...
...sell a majority stake to private equity investors....
...Last month, Wegovy received FDA approval to help reduce heart attack and stroke risk in patients with cardiovascular disease, enabling it to be covered by insurance for the more than 50mn Americans on Medicare...
...The answer starts with the dumping of UK equities by UK pensions and insurance companies....
...European football has become increasingly popular with US investors in recent years, with Americans now owning stakes in dozens of clubs....
...(Ethan Wu) The UK equity discount, redux Yesterday I wrote about the UK equity discount and whether it really exists....
...The private capital groups have built up substantial investments or tie-ups in the life insurance sector....
...“The biggest barrier is insurance companies,” said Lawrence Honig, a neurologist at New York’s Columbia University Irving Medical Center....
...According to the Health Transformation Alliance, a co-operative of American employers seeking cheaper healthcare, the use of anti-obesity drugs among its members was 64 per cent higher in 2023 than in 2022...
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...Portfolio insurance — a dynamic hedging strategy based on stop losses which was designed to let pension funds hold a higher equity allocation ‘safely’— was deemed the villain of the 1987 crash....
...Co. Smith & Nephew Associated Co’s. Standard Chartered Bank Sun Alliance & London Insurance (RSA Insurance) Tesco Unilever Whitbread & Co....
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