Hints and tips:
...The migration to Europe comes as Ark has lost market share in the $8.9tn US ETF market over the past 12 months....
...Its five-year annualised return of 2.8 per cent trails almost all mid-cap growth and technology funds over the same span....
...London-based Schroders, which owns 8 per cent of Germany’s second-biggest provider of corporate software after SAP, said Software AG’s apparent unwillingness to engage with other potential bidders could...
...That’s only a narrow increase on 2022, but a 78.8 per cent increase just since 2020....
...Its largest holdings included Alphabet, Canadian National Railway, Visa, General Electric and rating agency Moody’s as at the end of September, according to a regulatory filing....
...That deal valued Burger King at $8.1bn including debt; 3G received another $1.8bn in cash from the Spac deal and earlier capital return while continuing to own 71 per cent of the company....
...Koenigsberger added that investors in emerging markets should emulate allocators in developed markets and build up their private market holdings....
...Shares of the trust, which carries a market capitalisation of $3.6bn, fell more than 8 per cent in Wednesday trading....
...In Australia, high-growth superannuation funds used by the majority of younger savers have typically delivered 8.8 per cent annualised returns over the past decade....
...The hedge fund ultimately ended up owning 8 per cent of Apollo and more than doubled its money by the time it exited most of the position in early 2022....
...It also suffered from poor performance during the early days of the pandemic, when Hintze’s flagship fund took a 34.8 per cent hit as a result of structured credit bets....
...Nigerian stocks accounted for 4.8 per cent of the £68mn Xtrackers S&P Select Frontier Swap Ucits ETF (DX2Z) until October 31....
...Law firm Quinn Emanuel Urquhart & Sullivan, which has filed complaints in the Swiss court on behalf of 1,000 investors with more than $6bn of AT1 holdings, could take the unusual step of filing a lawsuit...
...While they account for only 8 per cent of the broader hedge fund industry’s assets, Goldman estimates that they account for 24 per cent of overall headcount....
...“Banks are nervous to underwrite single-B credit with M&A timelines which could be six months of holding the risk,” said Lauren Basmadjian, co-head of liquid credit at Carlyle....
...“You don’t want to be the last person left holding the bag.”...
...There are signs that it is already happening, with JPMorgan Chase and Goldman Sachs lining up $8.4bn of debt to fund GTCR’s purchase of a majority stake in payments provider Worldpay....
...The insurance units are required by state regulators to invest the vast majority of their holdings in investment-grade rated debt, to safeguard policyholders....
...Assuming an extra €1.2bn of debt is injected, Software’s post-deal leverage rises to about 8 times ebitda, far above the current 1.4 times....
...UK fund manager Schroders, which holds 8 per cent of Software’s shares thinks this is too low....
...But its speciality business agreed to insure thermal coal mining company Global Mining Holding Company, LLC, and its subsidiary Signal Peak Energy for up to $2mn, for the two years to November 2023, according...
...March 8 2023: Silvergate Capital Corporation (“Silvergate” or “Company”) (NYSE:SI), the holding company for Silvergate Bank (“Bank”), today announced its intent to wind down operations and voluntarily liquidate...
...Fundraising has been tepid, with the fund only managing $8.3mn at the end of October....
...And Sir Christopher Hohn’s TCI slipped from ninth to 14th as it lost $8.1bn, wiping out much of the $9.5bn it made for investors in 2021....
...Shares in Credit Suisse dropped 1.8 per cent in early trading on Tuesday, having fallen more than 50 per cent this year....
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