Hints and tips:
...But the regulator told the LCCC in February it had commissioned a third party, US-based consulting group Black and Veatch (B&V), to do an additional audit given it was “getting more questions”, including...
...Abel will have more authority and will ultimately have control of the conglomerate — which has more than $1tn of assets — after Buffett dies....
...assets....
...Occupancy rates are half pre-Covid levels in the UK, at just 30 per cent, according to Remit Consulting....
...Saudi Arabia consulting boom bolsters PwC’s UK partner pay, after rising costs last year looked set to dent the Big Four firm’s profits....
...Apollo’s $1.3bn private debt deal with accountancy BDO USA this month is the biggest. There have been equity purchases too....
...Altice’s bonds crashed to deeply distressed levels after Okhuijsen opened his mouth and a group of aggrieved bondholders have now formed a group to push for better terms....
...[Drahi]’s basically admitted that everything’s for sale, but you have all of this distressed debt that’s going to mature or go into default if it has covenants.”...
...New NPL creation will put pressure on banks to shift older distressed assets off their balance sheets....
...Smart reads FTX’s bankruptcy bonanza Distressed investor Attestor has made a large paper profit from buying up assets from clients of Sam Bankman-Fried....
...British luxury brand Mulberry has named Boston Consulting Group alum Leslie Serrero as a non-executive director....
...AustralianSuper manages nearly $300bn in assets, and sources indicate that this minority investment into Vantage is meant to kick-start a broader involvement....
...But it has been frustrated that Klein and the consulting firms McKinsey, BCG and Teneo are not complying with subpoenas....
...The MSCI ACWI returned 8.48 per cent annualised in the 10 years to the end of 2023, while the MSCI USA index returned 11.98 per cent....
...it assigns to its assets....
...The Colombian billionaire is pulling from a tried and true playbook used during four decades of dealmaking in Latin America: scooping up distressed banking assets on the cheap and turning them into acquisition...
...The fund, which has around $9.5bn in assets, describes itself as an expert in “event driven, distressed credit and special situation opportunities”....
...Real Estate Asset Management Limited (BL-2022-000091) — Particulars of Claim — Order staying the case HMRC v Ernst & Young (BL-2022-001186) — Particulars of Claim — Defence...
...The two met at Canada-USA Math Camp, a summer programme for high school students. Both attended MIT....
...Kevin Daly, investment director at asset manager Abrdn and member of a committee of investors holding defaulted bonds issued by Ghana, said bondholders have been quick to engage....
...EY has hired crisis adviser David Gold to conduct a review of the failed attempt to split its audit and consulting businesses....
...As dark clouds continue to gather, the consulting biz must now do what it does best: restrategise....
...Black proposed “alternative assets”, which could be anything really: office towers, the debts of distressed borrowers, even entire companies....
...Here are some of the asset classes and sectors that traders and strategists are watching as China fully exits self-imposed quarantine....
...The MSCI SRI USA index is up 1.4 per cent over the past 12 months while its conventional USA index is negative, down 2 per cent. What’s behind this difference? One word: Microsoft....
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