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...Horwitz and Koppelman, who are in their late twenties and met at Harvard, have limited backgrounds in journalism or stock trading....
...The case was “in respect of his conduct as a director of Greensill Capital (UK) Limited and Greensill Limited”, the agency said. Full details of the claim were not immediately available....
...funding levels, prompting a record £50bn of corporate pension deals last year, some UK life insurers have passed on portions of these pension scheme assets and liabilities to reinsurers, often based in Bermuda...
...The IMF officials also warned about the risks of private capital groups establishing offshore Bermuda-based reinsurance businesses....
...“For a lot of LPs [limited partners] that are overallocated to private equity or having liquidity issues, getting cash at hand through secondary sales is a sure thing,” said an executive at a public fund...
...capital to do more deals, they are entering into transactions to pass on a slice of those liabilities — and the assets that back them — to reinsurers, which are often located offshore in places such as Bermuda...
...Houlihan Lokey has hired Abhishek Jain as a managing director on its transaction advisory services team. He joins from KPMG and is based in Chicago....
...A new €1.5bn fund, its first targeted specifically at financial services companies, would capitalise on Cinven’s “proven track record” investing in the sector, said Caspar Berendsen, a senior dealmaker at...
...“Because of the limited amount of service providers and the large number of applicants, as well as the fact that the process is very involved and human-intensive . . . many of them [were] at full capacity...
...funds.The move bucks a trend across venture capital firms, which have struggled in recent years to bring in money from their backers — endowments, foundations and other institutional investors known as limited...
...limited liability partnership....
...Leverage deployed by private credit funds is typically limited, but the private credit value chain is a complex network that includes leveraged players ranging from borrowers to funds to end investors....
...“You give up a lot of returns that you could have accrued for your clients,” said Elisabeth Kashner, director of global fund analytics at FactSet....
...“All EU regulators are really down on PE fund owners right now,” one insurance executive told the FT....
...The rub was the sidecar, known as ADIP, was domiciled in Bermuda. That home allowed ADIP’s fund investors to avoid corporate income tax, moderating their return requirements....
...Disclosure is limited by constraints of professional privilege. The opacity creates a “market for lemons” problem, a US academic argues....
...It concluded that Apollo’s limited partnership agreements, with pensions and sovereign wealth groups, stated that such travel and dining expenses should be borne by Apollo, not the funds and its investors...
...Regulators required quant managers to share the algorithms underpinning newly set up funds, and limited the quantity of shares they can sell in a short period....
...Investors will put money in — and take limited quantities out — at the net asset value at that time....
...*Ignites is a news service published by FT Specialist for professionals working in the asset management industry. Trials and subscriptions are available at ignites.com....
...Investors in venture funds, known as limited partners, have reined in spending over the past two years, taking a more cautious approach as interest rates have risen, start-up exits including public listings...
...that is, limited partners) in private credit funds that opened between 1992 and 2015....
...Private investors may find it hard to commit their money for the traditional decade or so, and such funds offer limited liquidity....
...Private credit deals, in addition to generating interest income, also charge management fees to limited partners....
...Andrew Dean, co-chief of the SEC enforcement division’s asset management unit, said in a statement: “Van Eck Associates’ disclosure failures concerning this high-profile fund launch limited the board’s ability...
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