Hints and tips:
$60bn real estate vehicle is part of push to reach wealthy retail investors
...“There are enough things in LPs’ portfolios that they can price at a smaller discount today and that makes them feel better,” Miller said....
...The company counts four US activist hedge funds among its top-20 shareholders, including Corvex Management and Eminence Capital, and last week granted Eminence’s founder Ricky Sandler a board seat....
...Lightspeed, which has $25bn in assets under management and has made early investments in Snap, Rubrik and Nest, had approached investors about selling a portfolio of 10 holdings it values at roughly $1bn...
...Corvex also holds a stake in MGM, where Meister is a board director. While Entain’s “recent management change was a necessary first step, further change is required,” Corvex said in a statement....
...Going public with a 4.4 per cent stake in the UK bookmaker on Thursday, the New York-based fund said in a statement: “While the company’s recent management change was a necessary first step, further change...
...One scoop to start: Brookfield Asset Management is in advanced talks to buy a majority stake in $22bn private credit manager Castlelake as the world’s second-largest alternatives group uses acquisitions...
...Kindred had been under pressure from a host of activist investors on its shareholder register, including Corvex Management, its biggest shareholder with 15 per cent of the stock, and Eminence Capital, to...
...“I want to thank our shareholders for their trust and confidence in our board and management,” Iger said....
JPMorgan boss praises ‘outstanding leader’ as bank advises media group on battle with activist
...Corvex, another US activist hedge fund with roughly a 4.4 per cent stake in the bookmaker, last month called on the company to turn around an “unacceptable” performance....
...The hedge fund manager getting all the attention, of course, is Nelson Peltz, the octogenarian co-founder of Trian Fund Management....
Endorsement is boost for billionaire activist’s struggling campaign at entertainment giant
...Those asset sales are propelling the growth of KKR’s credit business, which has become the group’s largest business line by assets with $219bn under management....
...It said: “We are comfortable that management has a viable plan to address the important matters facing the company.”...
...Because the court’s implementation of the Case Management/Electronic Case Filing system automatically assigned to Judge Drain any case where the debtor indicated that the White Plains division was appropriate...
“Does this seem like fair journalism to you?”
Best-performing managers’ punchy bets on stock markets paid off in 2023
...Bloomberg LP declined to comment....
Pressure eases on Breit after dash for withdrawals caused the group to put limits on requests
...Apparently, Apollo Global Management has other priorities....
...The new financial benchmarks signal rising optimism at the investment group after a period of stagnation and management turmoil....
...That included loans associated with some marquee buyouts including Elliott Management’s takeover of technology business Citrix, Elon Musk’s purchase of social media company Twitter and Apollo’s acquisition...
Vessel owned until recently by US private equity group Oaktree Capital is latest to be hit in Gulf of Aden
...For BXPE, Blackstone is taking 12.5 per cent of the profits along with a management fee of 1.25 per cent — somewhat less than the traditional “2 and 20” structure....
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