Hints and tips:
...TPG Growth has named Aaron Matto as a partner in San Francisco. He joins from technology-focused private equity firm True Wind Capital....
...Holdings of UK-listed companies by British pension and insurance funds have plunged from about half of their portfolios to 4 per cent over the past two decades, according to data from Ondra....
...Mary Daly of the San Francisco branch this week said she was sceptical the central bank would cut rates next year....
...“A lot of this stuff that’s happening right now around the metaverse — that is very much just branding and making a splash,” said Mikkel Krenchel, partner at consultancy Red Associates....
...Earnings announced by Apple, Alphabet and Microsoft on Tuesday showed that demand for digital services and gadgets has continued to soar, making tech the biggest beneficiaries of this year’s gradual recovery...
...Some rivals have likened its portfolio to an index of the private tech market....
...“[Trump’s] was an unconventional campaign with no person running the foreign policy portfolio,” said a person briefed on the issue by the Gulf state....
...Bridgewater Associates and Renaissance Technologies, both considered among the best hedge funds in the world, suffered steep losses....
...Associates from the time remember him as a fun boss who led a tight-knit group of employees....
...His title was associate, one of the lowest ranks in banking, but his colleagues gave him the unofficial status of “managing associate”, one former banker recalls, after noticing that he often provided answers...
...When Mr Rashid travelled to San Francisco to attend his brother-in-law’s funeral in August 2011, the $1,866 plane ticket was charged to an Apollo fund....
...She will continue to be based in London and maintain her existing role, head of portfolio operations and chief operating officer of Investcorp’s European private equity business....
...Pan-African private equity group DPI promoted three new senior partners: west Africa deal lead Babacar Ka, east Africa deal lead Takudzwa Mutasa, and portfolio manager Marc Stoneham*....
...Schwarzman’s group isn’t alone in struggling with some of its portfolio companies’ debts....
...He is also encouraged by a “V-shaped” recovery in Asia, its largest market, and less dire forecasts for UK consumers....
...Ethan Ilzetzki, associate professor at the LSE: The UK economy will begin its recovery in 2021 but will not return to its pre-pandemic level of GDP until 2022....
...In private equity, some Blackstone and Carlyle portfolio companies have been encouraged to draw their lines of credit to avoid a credit crunch, according to people familiar with the discussions....
...Bankers’ early optimism that the pandemic would manifest as a sharp economic shock followed by an equally rapid recovery — the ubiquitous “V-shaped” recession — has given way to pessimism....
...Squire Patton Boggs has added former KPMG executive Stephen Ball and Simpson Thacher associates Charles Leeming and Ben Squires to its global corporate practice in London....
...More importantly, this is likely one of the few areas in the portfolio with any investment market liquidity currently....
...Causeway Capital Management LLC, the LA hedge fund, has declared 4.88 per cent of Micro Focus....
...While Jennifer Burns, an associate history professor at Stanford University, says that companies should concentrate on maximising their profits....
...However, the England v France game was cancelled due to Typhoon Hagibis, the most powerful storm to hit the country in decades....
...It comes as the music industry is facing a big test of the sustainability of its recovery....
...Thankfully I made a great recovery and we slowly started crawling our way out of this huge hole. I'm just now finding my feet after losing everything....
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