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Related Special Reports
...BlackRock was interested in a tie-up with Warburg Pincus because its chief executive Larry Fink had identified alternative investments as a strategic growth area....
...In 2021, the buyout group moved its holding in CAA into a new fund backed by three large investors as an alternative to a listing or a full sale....
...An important financial backer of billionaire Josh Harris’s new asset management venture has received a rare public rebuke from Brookfield Asset Management, which complained that AEL, a life insurance company...
...The original Credit Suisse deal with Apollo led to the alternative investment manager taking on one of the Swiss bank’s most profitable divisions, but one that required a lot of capital....
...A new group including Mubadala, Michael Dell’s family office, Goldman Sachs Asset Management and Lexington Partners will also invest cash into Endeavor....
...This week I bring you two tales of succession — or lack thereof — at two of the world’s top alternatives managers: hedge fund Millennium Management and private equity firm Ardian....
...As a result, its assets under management have nosedived from a peak of $226bn in 2018 to $98bn....
...In September, Discover agreed to improve its consumer compliance management system under a consent order from the FDIC....
...Roughly $10bn of so-called private credit loans have been refinanced in public markets, as borrowers pay down burdensome loans in favour of a cheaper alternative, according to data from Bank of America....
...The investment in Apollo, which Tiger described as a “leading global alternative investment manager” was revealed to investors in a mid-year letter seen by the Financial Times....
...A logical buyer could be an alternatives group or a sovereign wealth fund. Those who know Englander well are not discounting another sleight of hand....
...[because] company management knows their messages are being analysed.”...
...“What’s the alternative, get fired soon and then get a job at Millennium anyway?”...
...The acquisition of Boston-based Putnam will add another $136bn in assets under management, 30 per cent of which are in retirement plans....
...The question has quietly dogged private capital firm, Apollo Global Management amid depositor runs on US regional banks in recent months....
...Among the more notable departures was that of 25-year veteran Mike Koester, Goldman’s co-president of alternatives who left in April and plans to start his own venture in the private markets....
...Balyasny Asset Management has hired Tarek Rizk, the Abu Dhabi Investment Authority’s head of alternative investments, to lead its Middle East business from Dubai, according to Financial News....
...About 75 per cent of Apollo’s assets under management are in private credit....
...Edward Finley of Arrow Wealth Advisory LLC pointed out that from a certain point of view, the question “does private credit, as an asset class, generate excess return” is a sort of category mistake: An...
...Now, alternative asset manager lenders are targeting larger, more stable companies....
...It’s not just PacWest,” Joel Holsinger, co-head of alternative credit at Ares, told the FT “This is the first inning.”...
...But industry veterans say that the shift from stodgy analogue dealmaking to electronic trading has picked up momentum following a coronavirus pandemic-era surge, with help from so-called alternative liquidity...
...Centerview emerged as a safer and more jovial alternative to big banks with potential ulterior motives or exposure to bad trades from other parts of the business....
...An alternative school of thought is that the prepayments have not harmed investors at all, and should ultimately benefit them, assuming the money is repaid....
...products and alternative funds....
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