Hints and tips:
...Brookfield is still considering offloading a minority stake or recapitalising Center Parcs, but could also opt to hold the resort group for several more years, the people said....
...Elliott Investment Management has reached a co-operation agreement with sensor maker Sensata Technologies. Sensata will appoint Phillip Eyler to its board of directors....
...The sector’s resilience explains why Choice Hotels International is looking to check into rival Wyndham Hotels and Resorts....
...Stephen Deckoff, the founder of Black Diamond Capital Management, an investor in distressed businesses, bought the two islands — Great St James and Little St James — for $60mn, less than half of the original...
...The Canadian alternative assets group plans to sell the UK holiday resorts business for a mooted price of more than £4bn....
...The group has expanded from New York — where it serves the city’s airports and resorts such as the Hamptons — to bases in Vancouver, Canada and India....
...In November BYD management told Citigroup analysts they aimed for a market share of about 10 per cent in overseas markets excluding the US or Europe in the long term....
...If a sale goes ahead, it could potentially net a windfall for Brookfield, which acquired the resort group from Blackstone for about £2.4bn in 2015....
...“I wouldn’t call this a bubble,” said Koji Toda, a fund manager at Resona Asset Management. “And there is still no certainty of overcoming deflation.”...
...Or trash management at least....
...Circle, which runs the world’s second-biggest stablecoin, agreed to combine with a vehicle set up by veteran banker Bob Diamond in July 2021 when the digital assets market was in the midst of a bull run...
...A version of this article was first published by Nikkei Asia on May 16 2023. ©2023 Nikkei Inc. All rights reserved....
...Isda’ call was echoed on Tuesday by Dutch pension fund APG, which has around €558bn assets under management....
...After all, as one Foxconn employee said, the company is “very used to closed-loop management”....
...Corebridge, the life and asset management business of insurance group AIG, went public this week with the help of 43 different banks, the second-highest number of managing underwriters for a US listing on...
...The star stockpicker’s flagship exchange-traded fund Ark Innovation has dropped about 55 per cent this year to date, while her firm Ark Investment Management has lost almost half of its assets under management...
...The fund also owns holiday resorts business Center Parcs, which it may look to sell soon, according to Hyler....
...Marshall Wace, Fidelity Management & Research and accounts advised by Cathie Wood’s Ark Investment Management were among those involved in the original funding arrangement “Being a public company will further...
...It also warned it couldn’t evaluate “whether management’s assessment about the valuation of certain account balances is adequate”....
...In the past, banks with large balance sheets had acted as buyers of last resort when investors took flight and dumped bonds....
...Diamond will join the board. The deal is expected to close by the end of the year....
...The looming decision is likely to expose a rift within Meti between protectionists wary of selling out Japan Inc, and a strong contingent that wants the country to be more open to foreign investors....
...He rushed up to Barclays’ corporate box, knocked on the door and asked Diamond to come out for a chat. Diamond agreed, and the two went for a walk....
...Baillie Gifford, Franklin Templeton, Blackstone, Coatue Management and D1 Capital invested in Rivian as well....
...By its nature, serendipity doesn’t lend itself to management....
International Edition