Hints and tips:
...A bubble is something I typically associate with either excess leverage or excess valuations, or both. And that’s not what we see in the market....
...Prosecutors have made the point that even if stolen property is recovered and valuable, that does not make SBF any less of a thief....
...Alongside Nsouli and other company executives, Inspired’s shareholders include GIC, Singapore’s sovereign wealth fund, as well as TA Associates, Warburg Pincus and the Oppenheimer and Mansour family offices...
...“The tide has gone out,” says Andrea Auerbach, head of private investments at Cambridge Associates, which advises large institutions on their private equity investments....
...VC funds that invest in tech start-ups typically run for 10 years with an option to extend for two years — at which point their backers expect a return on investment, without which they can force a sale...
...At Rhyme Media, the producers are Lydia McMullen-Laird and Jennifer Sigl. Dan Bobkoff is the executive producer....
...The question is, once the writing is on the walls that there need to be big markdowns, do LPs start trying to fire sale their LP interests?...
...Pershing Square’s Bill Ackman, Caxton Associates’ Andrew Law and Saba Capital’s Boaz Weinstein are among the biggest winners from this year’s market swings....
...Before P&G, Trian claimed to have raised the earnings per share of portfolio companies 780 basis points above the S&P 500 annually, achieving total shareholder returns 880bp higher than the S&P 500....
...The former executive also made “disgusting sexual comments at lunches and dinners with associates”, the arbitrator found....
...“As LPs [investors] in the original funds . . . the secondary is often structured in such a way that the benefits disproportionately accrue to the adviser [the private equity firm],” it said in a submission...
...Bets on lower interest rates have fuelled profits for hedge fund managers including Andrew Law’s Caxton Associates and former Moore Capital whizz Greg Coffey in a chaotic period for markets....
...Andrew Law, chief executive of London-based Caxton Associates, which manages about $4.3bn in assets, said in a rare interview that action was needed to avoid “very negative feedback loops” in markets....
...A spokesman for GFG said that Wyelands had always relied on introductions from Gupta’s “broad network of business associates, contacts, friends and former colleagues”....
...Last week, an index of credit-default swaps on investment-grade companies hit 140 basis points, its highest since 2011, while an equivalent index for junk-rated companies hit 688 basis points, according...
...As Lex points out, JPMorgan has more than $400bn of unfunded credit commitments outstanding. That is just the tip of the iceberg....
...This is a very contentious point and DD isn’t looking to give a final answer....
...The first two points are the most crucial for any investor and Saudi Aramco has been keeping that information a closely guarded secret....
...In one picture, a naked stripper lies face down on a table while the men around her laugh and point, one of them pressing his leering face between her spread-apart legs....
...At that point, price — the Blackstone deal valued Refinitiv at $20bn — seemed to rule out an acquisition, along with the ironic twist that Refinitiv had considered Mr Rolet for the role of chairman....
...bond ETFs for less than 10 bps,” says Mr Laird....
...Citadel’s Ken Griffin came in third with $1.4bn, also more than double the $600m he made the previous year, while Ray Dalio of Bridgewater Associates dropped from second place to fifth with $1.3bn....
...Think of the humble long player, or LP, a medium which we associate with the halcyon days when music meant something, man....
...officer, told the Financial Times that RBR’s proposal “does have some points that require a second thought”....
...Previous associates have included Willem Dafoe and Frances McDormand, but there is also a steady flow of interns and associates, many of them in their 20s....
International Edition