Hints and tips:
...Longevity master Edward Thorp, the legendary hedge fund manager who mastered besting casinos, is now 91 and taking on his next challenge: beating ageing, Bloomberg reports....
...The answer, like the LP, has two sides....
...Pink Floyd is selling both the copyrights to its songs and its recordings, or master copies, making its catalogue one of the most valuable to come to the market....
...Even after calling a truce with the Saudi sovereign wealth fund last June, LIV poached Masters champion Jon Rahm....
...The former’s Larry Fink went on to master the retail investment marketplace with cheap mutual funds. His firm now manages almost $10tn....
...Other banks were also looking to offload portfolios, investors said, adding that they expected to see sales in areas such as so-called net asset value lending, which involves financing investment funds....
...Its real estate funds returned at least seven per cent last year, Blackstone reported. Markets knew better. Blackstone’s shares dropped nearly 40 per cent last year....
...By selling to the highest bidder, Bill Isaac, who chaired the FDIC during the start of the savings and loan crisis in the 1980s told the FT’s Brooke Masters, “you make the largest banks bigger and bigger...
...Eurazeo’s boss is outnumbered by shareholders In the cut-throat world of publicly listed private equity, even masters of the universe must answer to shareholders....
...Today, there are about 365,000 Bloombergs on the desks of investment bankers, bond traders, equity analysts, pension fund managers, sovereign wealth funds and central bank officials....
...Saba’s Master fund, which bets on dislocations in credit and equity markets, had risen 73.2 per cent in 2020 and is up 31 per cent so far this year, according to a person who had seen the numbers....
...Carlyle recently asked investors for an extension in raising its newest flagship $22bn buyout fund....
...Additional reporting by Brooke Masters and Harriet AgnewPhotographs: Dreamstime/Getty Images/Reuters/Paul Bergen/Redferns...
...Incoming chief executive Laxman Narasimhan faces the daunting task of navigating America’s culture wars and economic turmoil, writes the FT’s Brooke Masters....
...bond fund would have been....
...Once upon a time, in the jargon of private equity, a “secondary” would have meant one master of the universe selling to another. Now, it could easily refer to a buyout fund flogging assets to itself....
...Nowadays the Masters of the Universe do not always need a middleman. In some deals featuring Owl Rock, Blackstone and Apollo, the private equity firms have funded the debt directly....
...Brooke Masters argues companies had better start getting used to activism on a wider range of issues....
...Spin masters Public relations firm SKDK rose to become one of Washington’s most powerful influencers by striking strategic alliances with the Biden administration and blurring the lines between the private...
...Team with some tonal chinos and a roomy knitted polo (ideally also from LP) for peak art-world master-of-the-universe vibes....
...But Kravis and Roberts, masters of timing as they are, will not be at the helm then....
...But he forgot the most important rule of all: never mess with the Masters of the Universe....
...It was for insiders to put a sliver of their own money into the giant investment vehicles that pension funds and other investors paid into to fund leveraged buyouts, while receiving a generous share of the...
...Interscope Records, owned by Universal Music, will retain the rights to the masters of his band OneRepublic....
...Are we looking at the new masters of the universe? Unlikely. But day traders have managed to play hedge funds at their own game and the Schadenfreude is real. Hong Kong’s new exit interview?...
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