Hints and tips:
...The world’s largest alternative asset manager promised UC an 11.25 per cent annual return from the property fund, called Blackstone Real Estate Income Trust, or Breit, as part of a deal to draw $4.5bn in...
...Arrival’s deal with Kensington Capital Acquisition Corp V values the company at $524mn....
...His short selling hedge fund Iceberg Research is dedicated to finding “earnings misrepresentation and accounting irregularities” at public companies....
...Let us know what you think at imani.moise@ft.com and sid.v@ft.com. A programming note: FintechFT will take a one-week break in observance of the Easter holiday. The next issue will be April 25....
...More loans were allegedly given by Cox & Kings to V Hotels, a struggling beachfront property bought by Peter and Urrshila’s father, Ajit, in 2001....
...Her exit would come as the insurer grapples with regulatory investigations into potential misconduct by US-based fund managers....
...“This ‘boom’ is not like the one of 2003-06, which was of the lower-to-middle end of the market and dominated by British buyers,” says Smadar Kahana of E&V....
...Accounting for losses There is one particular area of circumspection: accounting for future bad loans....
...However, clarity from the regulator will mean fund managers “know the rules of the game once again”, he added....
...These issues — clunkier and time-consuming — will continue until fatigue sets in and for as long as fund managers have the wherewithal to back them....
...New global accounting rules, which make lenders build reserves well in advance of defaults, add to the pressure....
...Bankers’ early optimism that the pandemic would manifest as a sharp economic shock followed by an equally rapid recovery — the ubiquitous “V-shaped” recession — has given way to pessimism....
...Wirecardgate The former CEO of scandal-hit fintech company Wirecard has been arrested by German authorities over allegations of false accounting and market manipulation....
...What are the accounting and reporting issues?...
...Investors in GAM, inured to bad news from the Swiss asset manager, barely blinked when the Swiss stock exchange alleged “deficiencies” in its treatment of a 2016 acquisition....
...To non-results sellside, and Canaccord Genuity’s keen on Ashmore, the emerging markets fund manager....
...The FCA’s investigating M&C Saatchi’s accounting disclosures. ... Events at WWE aren’t going to script ... WHO says it’s fine to panic now. ... Fund managers are overworked, say fund managers. ......
...Containment of the number of new cases has been impressive in mainland China, and we now expect a V-shaped recovery from the second quarter onwards there....
...Wirecard’s suspect accounting practices revealed Digital payments, suspect accounting and a baffled fisherman: a juicy tale....
...(FT) Walmart v Amazon Few retailers are coping better with the relentless rise of Amazon than the country’s largest retailer Walmart....
...Idexx said in October that the animal health market had experienced a “V-shaped recovery”....
...DD’s Indap v NYU’s Damodaran: Is stock compensation good or bad?...
...FundsDLT has also worked with Amundi, the €1.47tn European asset manager....
...But the defenestration of one of its top portfolio managers last year continues to reverberate and shine a spotlight on one of the hedge fund industry’s most successful but quietest players....
...Traditionally the Government Accounting Standards Board has been more like a Montessori teacher than a Marine drill sergeant....
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