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...She said trust in charities fell to its lowest in 2018, around the time of the scandal over sexual assault by Oxfam employees, but had since recovered....
...Blackstone owes the University of California twice as much as it did last quarter as part of a complex transaction to shore up its flagship real estate fund....
...A German communications adviser oversaw up to €1mn in cash on behalf of a former Perella Weinberg partner and invested the money alongside his own funds in companies the M&A banker described to him as takeover...
...To explain a bit further: Let’s imagine a company with $100 of asset value and $60 in liabilities, which leaves it with an equity value of $40....
...The banker exploited the trust put in him by his client, the authorities claimed, and stole the money outright, as well as making associates, family and friends large loans from it....
...A banker with years of experience at the National Trust and the Countryside Commission, Herbert brought a clear vision of the revolution required, and its timescale....
...— has quite the job ahead of him, which he obliquely nodded to in the pension plan’s statement: “I’m grateful to CalPERS’ leaders for the trust they’ve put in me to help shape the pension fund’s next chapter...
...But I don’t know what that theory is, and it’s not in the slide decks from the office’s recent asset allocation review or its 2023 trust level review....
...When suspending Cruise’s driverless permit, the California Department of Motor Vehicles said the company had misrepresented the details of the accident by failing to disclose in meetings the day after it...
...Key economic and company reports Here is a more complete list of what to expect in terms of company reports and economic data this week....
...The announcement comes days after California’s Department of Motor Vehicles barred Cruise’s autonomous cars from the roads and accused the company of misrepresenting details about an accident this month...
...News round-up Perella banker had €1mn tied up in secret ‘breakfast trust’ trading scheme, court told (FT) Warren Buffett-backed Mitsubishi’s shares surge to record high (FT) Barratt to buy rival Redrow...
...Ruurd Brouwer is the chief executive of TCX, and Barry Eichengreen is professor of economics and political science at the University of California, Berkeley....
...A string of big home insurers have halted new business in California, for example, in response to a surge in extreme weather losses....
...Solar power companies and farmers team up in “quite a grassroots kind of way”, said ASGA president Nick Armentrout....
...Trott, who has been advising Redstone, has previously also worked as an investment banker for Buffett....
...The Cruise board said it had accepted Kyle Vogt’s resignation and was working to “strengthen public trust” in the company....
...Smagin was able to obtain a freezing order on Yegiazaryan’s California assets, but in response, he moved his money through a series of shell companies to his Monaco account at CMB....
...to rebuild public trust”....
...“It has been an honour to lead and guide this massive global investment trust fund for the teachers of California,” said Ailman....
...Investment trusts make up 27 per cent of the companies in the FTSE 350 index....
...Some of the most prominent, like the UK’s Wellcome Trust, have divested and diversified. Ownership by a non-profit can constrain expansion....
...Hess then would simply revert to a standalone company (and its banker Goldman Sachs would be out a $76mn success fee)....
...“We are pleased to report that Blackstone Real Estate Income Trust fulfilled 100% of repurchase requests in February,” Blackstone said in the letter....
...bankers, lawyers and security specialists....
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