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...PwC departed from the industry’s historic model of having tax as a standalone business unit in 2021, when Ryan split the almost 1,000 US tax partners between the firm’s accounting and consulting arms....
...Its adjusted funds from operations, which Green Street uses to analyse public property trusts, was $2.1bn, or 74 per cent of dividends, while Breit’s “funds available for distribution” were $1.7bn, or 61...
...SDS’s administrator has now recommended its assets be placed into a trust....
...Saba has built a stake of about $1.3bn in derivatives and shares in UK trusts, according to a source familiar with the matter....
...Green energy investment trusts face investor votes on whether they should continue trading as a prolonged slump in share prices hampers access to capital and presents challenges for the green transition....
...Rishi Sunak made £1.8mn in capital gains last year, his largest in four years, according to figures that highlighted the UK prime minister’s wealth as he tries to win the support of a British public concerned...
...As the lead manager of the £3.5bn Polar Capital Technology Trust, he bet big on AI — artificial intelligence being the dominant investment theme of the post-Covid era. Well, the gamble paid off....
...How it’s going: Scottish Mortgage makes available at least £1 billion for buybacks over the next two years....
...record of distressed debt investing, it is best known in the UK for its activist equity bets, including pushing for change at pharmaceuticals group GSK and more recently at Scottish Mortgage Investment Trust...
...They stand at around one-third for private equity trusts and around half for venture capital funds. Cynics suspect net asset values should be much lower than stated....
...The trust has delivered annualised returns of 14.1 per cent over the past decade. It is an investor across the private equity spectrum, from venture capital to large buyout groups....
...INA received an initial state injection of $5bn and has also brought in $1.1bn in investments from foreign entities....
...A sustainable dividend is typically one fully covered by earnings (so dividend cover is 1.0 times)....
...Most companies spend less than a quarter of capital on green projects, according to CDP....
...Cash-strapped governments need all the private sector help they can get to boost global clean energy spending that ideally should rise from $1.8tn in 2023 to $4.5tn annually by the early 2030s....
...The US private capital group pledged $1.1bn in Breit shares it owned to guarantee some of those returns. Since the UC investment, Breit’s redemption requests have dropped by about 80 per cent....
...The “tempo of questions” from asset managers was “rising quite rapidly” as the go-live date for T+1 in the US nears, said Gerard Walsh, head of client solutions, banking and markets at Northern Trust....
...Five more top stories 1. Eurozone inflation fell to 2.4 per cent in March, lower than forecast, bolstering expectations that the European Central Bank will cut interest rates by the summer....
...Venture capital trust investors are turning back towards the tax-efficient, high-risk asset class in a race to buy before the end of the tax year....
...Broadly, the foreign trust gains and income are only subject to UK tax when trust funds are distributed to UK residents....
...Gerard Walsh, London-based global head of capital markets client solutions at Northern Trust, explained that the current set-up leaves “an enormous amount of slack in the system” for people to process the...
...Ripple said its stablecoin, which will be launched later this year, would be based in the US, pegged 1:1 to the US dollar and fully backed by dollar deposits, short-term Treasuries, and other cash equivalents...
...UK-listed venture capital fund Chrysalis — one of my favourite investments at the moment — has a stake of about 1.1 per cent in Klarna, on a net asset value of $11bn, whereas the rumoured IPO price is closer...
...The next question is whether they have worked out what their so-called “scope 1, 2 and 3 emissions” are....
...For China and India, in particular, trust in their data is important to maintain and attract the interest of multinationals and capital markets. Ambiguity is not good for companies....
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