Hints and tips:
Related Special Reports
...a $1bn investment by Hellman & Friedman in Baker Tilly US, another top 10 firm....
...Advocates say private equity can bring more efficiency to the profession and access to capital for critical investment, but the financial terms of such deals can prove controversial....
...The US arm of accounting firm Grant Thornton has agreed to sell a majority stake to the investment group New Mountain Capital, in the largest of a wave of private equity deals that are reshaping the sector...
...At 39.9 per cent of assets by June 2023, Princo’s investment in private equity was double the average allocation for large US university endowments....
...The firm, one of the world’s most prominent multi-manager hedge funds, has 5,500 employees globally and more than 300 investment teams trading a range of different strategies within strict risk limits....
...H&F’s investment also underscores the growing interest of private equity in professional services firms, and represents a return to large-scale dealmaking in the US accounting sector after a hiatus caused...
...In 2020, the bank lost out to Morgan Stanley in the $7bn bidding war to buy US investment manager Eaton Vance....
...The deal was one of several recent examples of private equity firms investing in the professional services industry....
...An attorney for Jane Street told Engelmayer that the firm had invested “tens of millions of dollars” into the development of the trading scheme....
...Citadel, which manages roughly $61bn, made a record $16bn in profit for investors in 2022, according to research from LCH Investments....
...Instead it has pursued an “arms dealer” approach that allows it to sell content to various streaming services....
...In his ruling, Castel said that Apollo’s accounting department “deserve[d] significant blame” for the harm done to fund investors but still ruled that Rashid had violated US securities law on investment...
...in professional services as evidence for the investment thesis....
...Return of Trump The FT writes about how the least divided place in America feels about the inevitability of Trump’s return....
...which is owned by MassMutual, one of America’s biggest life insurers....
...The slow pace of fundraising underscores how a turnaround in private markets has damped the appetite of institutional investors for allocating cash to risky venture capital investments in recent years....
...Roughly $10bn of so-called private credit loans have been refinanced in public markets, as borrowers pay down burdensome loans in favour of a cheaper alternative, according to data from Bank of America....
...They’re basically investment trusts that make loans to smaller companies, have a 2x cap on leverage, usually list shares on a stock exchange and have to pay out 90 per cent of profits to investors....
...The deal also included an agreement where Atlas would provide investment management services to some of the assets Credit Suisse retained....
...Cannae is the vehicle of Bill Foley, the multi-billionaire who made his fortune in a series of financial technology and financial services companies....
...Morgan thinks the US Federal Reserve will probably pave the way to a soft landing for America and the world economy, but adds that there are risks of a crash in the event of increasing geopolitical instability...
...Bitwise chief investment officer Matthew Hougan said he had heard some “ridiculous numbers” in the range of $10bn to $20bn mentioned as possible flow targets for bitcoin ETFs in their first year but cautioned...
...The top 20 managers made profits for investors of $67bn in 2023, according to research by LCH Investments, up from the previous record of $65bn in 2021....
...“Instead of developing their own trading strategy, defendants stole the results of Jane Street’s long-term and hard-earned investments — its intellectual property and trade secrets,” Jane Street alleged...
...Still, though, the bank’s new credit rating, two notches below investment-grade, includes the likes of AT&T and Walgreens. It isn’t yet obvious this is a bank failure waiting to happen. Disagree?...
International Edition