Hints and tips:
...Its new fund — known as Strategic Investment Partners V — plans to buy risky debt, including junior loans and convertible bonds, as well as preferred stock....
...FT Live event: Future of Asset Management Asia The Future of Asset Management Asia is taking place for the first time in-person on 11 May at the Westin Singapore and will bring together Asia’s leading asset...
...Share your ideas with us at imani.moise@ft.com and sid.v@ft.com. Happy reading!...
...The new company, later named Apollo Global Management, after the sun god, was led by Black and five other former Drexel executives....
...This exhibition at the V&A invites us into the opulent world of master goldsmith Carl Fabergé and his London clientele....
...JPMorgan Chase has promoted Virginie de Grivel Nigam, currently head of its equity-linked business in Europe, the Middle East, and Africa, to head of equity capital markets for the UK and Ireland....
...s=20 It’s easy to understand the appeal to private equity dealmakers. Carried interest is the big draw for them, not management fees, which were originally set up to fund running costs....
...Dutch electric vehicle charging company Allego has agreed a deal to go public through a merger with a special purpose acquisition company backed by private equity firm Apollo Global Management....
...But this will not be the momentary stumble followed by a V-shaped recovery of administration and deal-sponsor lore....
...Yet amid the upheaval, it dawned on the billionaire founder of Apollo Global Management that he had a chance to transform his private equity firm into a pervasive financial force....
...Melrose Industries, the private equity barons whose equity isn’t private, is leading the FTSE 100 gainers after interims....
...Causeway Capital Management LLC, the LA hedge fund, has declared 4.88 per cent of Micro Focus....
...equity as currency be a driver?...
...Just 30% expect a V shaped recovery in the stock market....
...Wirecard’s up 26 per cent at pixel, giving the fraudulent operation an equity value of more than €100m....
...Equity Risk Premium (ERP) right on track with 2009....
...In addition, high liquidity headroom gives management the option to pursue any countercyclical and value-accretive acquisition....
...There’s some discussion of C19 accelerating the outperformance of megacap stocks, the rotation to passive management within equity portfolios and the expansion of duration (and hence interest rate risk)...
...The V-shaped recovery in consumer spending feels too bullish in our view....
...“It’s pretty extraordinary that with this amount of distress you haven’t seen more failures in asset management companies.”...
...(v) Restructuring continues. Of course it does. But what about that Tesla, eh?...
...Credit tends to lead equity at major market turns....
...The deal values Danke, which operates a sort of residential version of WeWorks’ co-working space model, at more than $2bn....
...Sage is owned within its Real Estate Partners Europe V fund, an opportunistic fund, and could ultimately be sold or listed....
...The sector will be fine. — NM1 Consider a tax on earnings v student loans Finance should be via equity funding, not debt funding. Institute a graduate tax of 1 per cent or so on lifetime earnings....
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