Hints and tips:
...Additionally, limited partnership agreements seemed to indicate that Apollo should be paying expenses even as the funds and LPs were getting the bills at the time....
...Deep inside the nested layers of funds, companies, insurers and partnerships of Canada’s Brookfield Corporation lies a real estate business that no longer covers the cost of its debt: Brookfield Property...
...Salamone pleaded guilty last week and is co-operating with the government....
...Botha has a clear message for the doubters: “Our goal is to be the top-performing investment partnership in the world, just as it always has been,” he told the FT....
...Job moves Shearman & Sterling’s chief commercial officer Robert Brown has joined Sheppard Mullin as chief operating officer ahead of its $3.4bn merger with UK firm Allen & Overy....
...We couldn’t immediately see a change of control covenant in this Hudson Pacific Properties bond prospectus, nor this one from Piedmont Operating Partnership LP....
...Carlyle, in partnership with CVC Capital Partners and Chinese sovereign wealth fund China Investment Corporation, also owns Neptune Energy, which produces oil and gas in the UK’s North Sea....
...GoldenTree Asset Management, a hedge fund that manages $47bn of credit market investments on behalf of public pension funds and other institutional clients, fired its chief operating officer William Christian...
...The brothers own the planes through entities called Clear Sky LP and Clear Sky 2 LP. Here’s a chart showing how it works: How common is this type of arrangement? Have you seen it elsewhere?...
...James stepped away from a daily operating role in 2018 and became executive vice-chair of the firm, as the asset management giant put president and chief operating officer Jonathan Gray in charge of daily...
...Clayton, Dubilier & Rice has hired Gordon Riske, chief executive of KION Group, as an operating adviser to CD&R Funds....
...First-half underlying revenue will grow 6 per cent versus the 2019 period on an operating margin nearly 1 percentage point higher, it said....
...He joined six years after having quit Goldman in 2009 at the apex of a banking career in which he rose to co-chief operating officer and co-president....
...Then investors might come to question the Brookfield group model for other public partnerships. Better to put off trouble for another day....
...A partnership with a big carmaker lent Nikola some credibility in the public markets. Shares in the company were down 27 per cent when markets closed....
...As Veritas pointed out, BPY’s net operating income declined 7.7 per cent year over year, following a 3.4 per cent drop in the first quarter of this year....
...Based on amounts received from our operating entities and our projected operating cash flow from our direct investments, our proposed distributions are significantly greater than such amounts.”...
...On March 31, BIP’s management changed its corporate form from a Bermuda partnership to a Canadian corporation. BIP says these forms will be “economically” equivalent....
...John Lewis Partnership will name James Bailey, a former executive at J Sainsbury, head of the Waitrose supermarket chain as part of a broader reorganisation of management roles at the employee-owned business...
...Despite the 2/3 cut to the quarterly DPS, dividends remain a key part of Aker BP’s shareholder value philosophy....
...Scott Nuttall, the co-president and co-chief operating officer of private equity giant KKR, said he and Mr Morfit have bonded over growing up in founder-led organisations where the reins are slowly being...
...We forecast operating margins rising back to 16% in 2023E despite the near term cycle headwinds....
...The latter explains why the increase in our FY21 and FY22 DPS is smaller than the upgrade to our EPS forecasts....
...BP’s announced a strategic partnership with Equinor (which we used to call Statoil) to develop offshore wind energy in the US....
...We expect questions will linger on whether this partnership is enough to turn the business around. The division is margin dilutive to the Group at a c.13% operating margin (Group c.18-19%)....
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