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...Marc Rowan, head of private equity group Apollo Global Management, has stoked a fierce debate about governance at the University of Pennsylvania, whose Wharton school of business has reported a fall in donations...
...The US-based group has raised $20.5bn for its seventh private equity fund....
...“During the [2007-08] financial crisis the global stock market fell nearly 40 per cent. Today’s more concentrated stock market is more prone to substantial falls in value.”...
...UK equity funds, in particular, are under pressure as investors turn to global stocks for higher returns....
...Investors pulled in their horns in April as diminishing prospects for near-term US interest rate cuts drove a broad aversion to risk, global data on exchange traded fund flows indicate....
...The deal values the company at more than DKr25bn ($3.6bn), CVC said, and may see the Luxembourg-based private equity firm own as much as 30 per cent of the business over time....
...The proliferation of alternative vehicles allowing easy access to a range of global assets — such as exchange traded funds — has also hurt the sector....
...Action is a Dutch discount store chain majority owned by 3i, the UK-listed private equity fund. Action is bigger by implied market cap than Tesco....
...In (very) broad contours, the Yale model is de minimis allocations to boring stuff like fixed income and big allocations to alternative, often illiquid investments like hedge funds, private equity and venture...
...Investors who use these sorts of instruments to chase potentially large short-term returns are inherently “much more susceptible to equity pullbacks,” said Marco Iachini, senior vice-president of research...
...Financials account for 27 per cent of his fund’s weighting (“it’s the best value part of the UK index”) but he stresses that businesses listed in the UK have varying degrees of exposure to the domestic economy...
...Wall Street’s blue-chip S&P 500 index captured its highest share of global equity exchange traded fund flows for at least a decade last year, as the rise of the so-called Magnificent Seven reshaped benchmarks...
...He added that the UK’s main equity indices are “very exposed overseas” so offer “a great way to play a global recovery”....
...US equity funds drew $56bn of funds in the week to March 13 — more than the previous peak of $53bn set in March 2021, Barclays said on Friday, citing data from fund tracker EPFR Global....
...Rising public equity market valuations and demand from credit funds to make new loans are fuelling a recovery in activity....
...Yet data shows that the global universe of public equities has already shrunk by a net $120bn this year, exceeding the $40bn taken out over all of last year....
...But investors are increasing allocations to global equity funds, an indication that they are seeing opportunities outside of mega-cap stocks....
...Some £1.93bn was invested in equity funds between February 15 and April 5, the end of the 2023-24 Isa season, according to funds network Calastone....
...The outflows partly stemmed from the company’s value equity funds, as one of its key managers prepares to depart....
...Global private equity executives from firms including Bain Capital and Blackstone Group, as well as KKR co-founder Henry Kravis, have visited India in recent months, talking up its economic potential and...
...Led by pension funds and endowments, big investors sold 99 per cent of their private equity holdings at or below their net asset value on the secondary market last year, according to Jefferies, the most...
...“Another sign of concern is that this has been a period where growth equity strategies have outperformed value-focused peers,” Morningstar says....
...Blackstone has taken pole position in the takeover battle for Hipgnosis Songs Fund after rival Concord said it would not match the US private equity group’s $1.6bn offer for the UK-listed music rights owner...
...In its annual white paper to parliament on the country’s two main wealth funds — the smaller domestic Government Pension Fund Norway and Government Pension Fund Global (which is managed by NBIM) — the Norwegian...
...The group has raised $20.5bn for its seventh private equity fund, more than a predecessor fund raised in 2021....
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