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...Funds not earning enough to handle dividend payments are often forced to cut payouts....
...Two of the UK’s biggest star fund managers suffered £2.2bn in outflows last year after investors fled the underperforming funds in favour of cheap passive equity offerings and high-yielding cash products...
...At $6.4bn, KKR’s Asia Pacific Infrastructure Partners II fund is the largest pan-regional infrastructure-dedicated fund....
...Law firm Pallas, which counts some of the hedge fund industry’s best-known names among its clients, told the Financial Times that it was exploring a legal challenge to the practice....
...to LPs about launching its own continuation fund, according to multiple people with knowledge of the deal....
...It plans to raise $300bn in new assets by 2026 among dozens of funds....
...Blackstone also part owns Hipgnosis Song Management (HSM), the manager of Hipgnosis Songs Fund....
...This led shareholders to decide against the continuance of the fund in a vote last year, sparking a strategic review by a new board and ultimately Thursday’s agreement to sell the fund to US rival Concord...
...Three funds have been launched of late....
...Activist funds Merlyn and Bluebell have. Merlyn does not contest the KKR deal but wants to go in a different direction after it is completed, with further asset sales such as TIM Brasil....
...Rival funds from Starwood and KKR continued to limit investor withdrawals as of January, according to public filings....
...Blackwells issued a presentation this week estimating that ValueAct, which has been a supportive investor of Disney, has made up to an estimated $95mn in fees from managing pension funds of company employees...
...But as the fund lost value last year, Blackstone’s liability to UC has grown to $560mn....
...KKR’s funds plan to house assets moving off the balance sheets of corporations, banks and insurers looking to simplify their operations or fund stock buybacks....
...Wealthy individual investors also poured more than $8bn into Blackstone’s funds, including $2.7bn for a recently launched private equity fund targeting so-called retail investors....
...HSBC launched a fund based on the concept, but quickly shuttered it. You can see why. Once again, stark underperformance, and even undershooting the MSCI EM index over the past decade....
...This week, Christopher Ailman, Calstrs outgoing chief investment officer, warned that while “it’s great [private equity funds] make money for our retirees — who are teachers — and for other funds . . . they...
...Blackstone’s flagship private equity and related funds have deployed hundreds of billions of dollars since its 1980s founding....
...Its flagship fund was down 2.1 per cent while its Alpha Strategies fund was up 2.4 per cent, according to people who have seen the figures....
...as pension funds....
Big investors line up behind management to end one of shareholder activism’s most expensive battles
...AllianceBernstein has launched five new exchange traded funds, including a buffered ETF, bringing the company’s year-old line-up to 12 ETFs....
...The hedge fund manager getting all the attention, of course, is Nelson Peltz, the octogenarian co-founder of Trian Fund Management....
...Chris Rossbach, a fund manager at J Stern & Co, said it had voted in favour of Disney’s board recommendations....
...But the direct lending funds they manage may begin to post lower returns, investors said....
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