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...Other shareholders include global asset managers Brookfield and Ares Capital. The new valuation of the combined group is expected to be about $800mn....
...Elliott has also backed credit investor Bantry Bay, which has loaned more than £400mn over the past 18 months to clothing companies Superdry and Matalan, as well as online fashion platform Asos....
...Cannae’s own net asset value per share of $2.4bn, or $34 per share, is well above its trading price of $22 per share....
...Elliott looked closely at Signa, those people said, but had concerns about the size of the group’s debts, the complex corporate structure, the ownership of assets and the role of its billionaire founder,...
...There is historical precedence for financial repression as an effective solution to reducing the public debt burden....
...People want market-based solutions. They don’t want to be told where to trade....
...Those may grab attention, but advertising on platforms such as Google are more efficient tools for asset managers trying to raise capital from investors, said Ben Johnson, head of client solutions for asset...
...The idea, then, is that taxpayers won’t suffer while groups such as Elliott make fat gains....
...James Bayliss, the head trader at Elliott Management in London, has left the firm, the latest departure of a long-serving member from the $59bn US hedge fund’s main European office....
...The green investment backlash led by US Republicans has led to investment funds pulling more than $13bn from BlackRock, the world’s largest asset manager....
...The charges come as the FTSE100 asset manager pushes further into wealth management, private markets and solutions division, the three strategic growth priorities that chief executive Peter Harrison outlined...
...“By declining to implement long-term solutions, the company . . . is stifling its ability to deliver value to all stakeholders, including pensioners and Korean society at large.”...
...If the share price is higher than the net asset value it is trading at a premium, and if the share price is lower than the net asset value it is at a discount....
...“There have been fewer LBOs and therefore less new loan volume,” said Michael Patterson, a governing partner at asset manager HPS Investment Partners....
...CQS’s assets have dropped from $21bn in 2022 to $15.6bn today....
...When Silver Lake alerted investors to their cash return, it said the sale of VMware was a “defining moment” for the $100bn in assets group....
...Former Elliott investor Leo Markel and ex-ValueAct investor Daniel Urdaneta have launched a new London-based fund called Finch Bay Capital, per Reuters....
...Google’s rules and regulations tend to steer advertising to its own assets....
...Eramet sits on both sides of the fence, with operations in Indonesia’s Weda Bay, the world’s largest nickel mine, as well as New Caledonia through its subsidiary Société Le Nickel....
...We are always keen to work constructively with customers who get into difficulty with their repayments to reach an amicable solution.”...
...We know what the sales result was, and then we can figure out what were the most effective assets.”...
...It’s not a solution, but this isn’t about ending the Treasury basis trade altogether....
...Advisers to large investors have also been checking contracts to assess whether they can stop firms from using net asset loans — secured against their asset portfolios — to return cash without their consent...
...Rumoured asset sales by Disney could help raise the cash to do the deal. An asset swap in the form of a minority stake in ESPN could be another solution....
...“You see far less personal car ownership in Europe and the UK, and greater uptake of public transport and other solutions,” he says....
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