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...“The spirit of the agreement is to improve health equity in the world,” Bill Gates, co-chair of the Gates Foundation, told the Financial Times....
...Boston-based Bain Capital was co-founded in the mid-1980s by Romney and a group of mostly former consultants from Bain & Co....
...Their troubles have weighed down the broader UK equity market....
...The buyback, which represents 9 per cent of the trust’s shares, is the largest-ever for an investment trust, according to analysts at Jefferies....
...I’m much more reassured by Temple Bar’s report and accounts: “The company’s ongoing charges ratio has remained relatively consistent and compares favourably with peers in the UK equity income sector of investment...
...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...
...The UK’s Coventry Building Society has agreed to buy the Co-operative Bank for £780mn in a deal that would eventually return the private equity-owned lender to mutual ownership....
...— Why China keeps making more cars than it needs (WSJ) — Private equity and the threat of an all-too-public problem (The TImes $) — Fidelity Reminds ETF Industry It Doesn’t Have To Care (Epsilon Theory...
...“Public pension funds have for many years poured money into private equity on the premise that it was high-return and low-risk while illiquidity was deemed not to be an issue,” said Richard Ennis, co-founder...
...In 2023, private equity groups saw their stockpile of unsold investments surpass a record $3tn....
...The two sides agreed to offer 15 per cent of shares for public sale in the company through a local co-operative....
...The public listing of European private equity firm CVC Capital Partners will net one of its co-founders, Donald Mackenzie, a windfall of up to €150mn....
...Jefferies estimates that no trust has raised equity to invest in new green assets since 2022. Raising more debt is not necessarily an option....
...Private equity firms typically don’t charge management fees on co-investment, making it cheaper to access private markets....
...Keynes was a successful equity investor, managing the endowment of King’s College, Cambridge, from 1921 to 1946....
...a stock exchange filing from the trust....
...The trusts have also been unable to raise equity to invest in green assets, as they generally avoid issuing shares while trading at a discount because this would dilute existing shareholders....
...Its £1bn investment trust also had a tough 2023, with the trust’s managers noting that last year was “the worst in the history of Ruffer Investment Company”....
...The top 10 holdings in the First Trust IPOX Europe equity opportunities ETF — which is UCITS compliant, so available to UK investors — include Arm (because it is UK based, even if listed in the US) and GSK...
...Equity offerings were expected to pick up this year as investors became more confident that the US — home to the world’s largest equity market — would avoid a recession....
...to Peter Gardett, executive director of research at S&P Global Commodity Insights and co-author of a report on private equity and the energy transition....
...Explaining the verdict, the presiding judge Annette Zander said that the defendant and the late banker had been a “good team” which functioned based on mutual trust and required little need for co-ordination...
...According to Jefferies, this is the largest ever buyback programme by a UK investment trust, with £1bn representing 9 per cent of the Scottish Mortgage Investment Trust’s shares....
...on buyout groups’ attempts to trust-build with prudential regulators....
...Panigirtzoglou & Co have previously estimated that about $3bn of GBTC’s assets came from traders investing solely to take advantage of its discount....
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