Hints and tips:
...Traditional asset managers such as Franklin Templeton, AllianceBernstein and T Rowe Price have been racing to snap up alternative providers, including infrastructure, private equity and private credit funds...
...It should not be confused with Trillium Asset Management, a fund manager with $6bn in assets under management, or other businesses with similar names....
...News round-up Generali snaps up Conning to create one of Europe’s largest asset managers (FT) UK fintech raises up to £335mn in rare London IPO (FT) Man Group moves into private credit with US fund Varagon...
...PM: Facebook and Google are at least 85 per cent advertising revenue based . . . but, recently, Snap and Facebook have started monthly subscription programmes....
...The case is part of a trend in distressed debt investing, in which investment funds snap up the discounted bonds of troubled companies in the hope of swapping that credit position for control of its assets...
...Veolia threw in a bid of €15.50 per share at the end of August for 29.9 per cent, just below the mandatory tender level, saying it would snap up the rest of Suez in due course....
...One of the offices it vacated has been hoovered up by IWG, which is flush from a £320m fundraising and waiting in the wings for the chance to snap up other co-working spaces left behind by retrenching rivals...
...When it does become clear that the end is near, banks’ shares will be among those that snap back most quickly....
...Sterling’s weakness has made UK assets cheaper for prospective overseas buyers, spurring takeover deals including US toymaker Hasbro’s £3.3bn agreement to snap up Entertainment One, the company behind cartoon...
...(WSJ) News round-up Germany’s Metro warns Kretinsky bid would burden the company (FT) Vivendi to appoint banks on Thursday for sale of Universal stake (Reuters) Kraft Heinz pulls back on asset sales...
...Snap Q2 2017 - “I didn't understand the response!”...
...After Snap’s move last year, the largest index providers — which are the benchmarks that fund managers are typically measured against — decided to exclude Snap from their indices....
...Shares of Snap, the owner of Snapchat, rose as much as 44 per cent right after its March IPO at $17, but now trade at around $15....
...All three major US stock indices opened at fresh lifetime highs on Monday as investors moved to snap up riskier assets amid easing tensions with North Korea and as the markets wait for the latest Federal...
...Tension is brewing among asset managers, bankers and exchanges as dual-class shares bear down on Hong Kong and Singapore....
...“Facebook is playing a massive role on mobile, and YouTube is a real asset [for Google] out here....
...Even Ben Inker, head of asset allocation at GMO — the Boston asset manager famous for refusing to buy internet stocks in the late 1990s dotcom boom and calling an asset bubble ahead of the 2008 crisis, has...
...The complaints deepened after it issued a new class of shares in 2015 with no voting rights — an idea since copied by Facebook and Snap....
...“The biggest factor usually is figuring out how to add a company with the least amount of disruption,” Mr Blitzer said. ———————- Facebook v Snap Facebook | Snap Market capitalisation at IPO: $104bn |...
...In keeping with the mood, haven assets drew buyers. Utility stocks, which investors buy for steady income and perceived safety, were the best performing sector....
...There was a rally for safe-haven assets on Tuesday with investors piling into treasuries. The Japanese yen and gold and sending in indices of implied volatility to the highest levels of the year....
...Its new Class V shares will represent some 65 per cent of its stake in VMware — though holders will have no direct rights in VMware, and Dell will have the right to switch the underlying assets and businesses...
...However, the offer is a third less than Fresh Market’s price of $41.50 one year ago — underlining how the stock market rout at the turn of 2016 has created room for private equity to snap up assets at bargain...
...“Divergent monetary policies in Asia and Europe versus the US are more constructive for macro trading than convergent policy and asset classes all moving together,” said Ken Tropin, founder of Graham Capital...
...Based on recent similar transactions, the investment is expected to value the asset manager at about $300m, or 2 per cent of assets under management of $15bn....
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