Hints and tips:
...While that trails returns marketed by private equity funds, it has proven attractive to pension funds and endowments after a decade of rock bottom interest rates....
...“Big Tech has been spending money like 80s rock stars for the last four to five years,” he said. “It feels like there’s adults in the room now.”...
...But the market’s only busier compared with last year’s decade low; deals cratered in 2023 following a frenzy of activity during the pandemic that was fuelled by rock-bottom interest rates....
...There will be plenty to do, from gator wrangling to street racing, in a city filled with diverse people who respond to your behaviour, making the space feel lived-in....
...The firm’s assets under management have jumped from less than $10bn in 2010 to nearly $60bn, as it enjoyed strong returns and fundraising at a time of rock-bottom interest rates and steady economic growth...
...We’re like rocks, stuck at the side of a stream.” The Lekdijk Bovendams bond, like the Tucks, is a rock, stuck in the stream of Dutch history....
...In today’s newsletter: Multi-manager hedge funds on the rocks Qatar bets on India’s Ambani Turkey’s IPO renaissance Multi-manager hedge funds meet their maker Three decades ago, when star traders such...
...Kid Rock, the rap-rock star, filmed himself shooting cases of the beer....
...Regolith is the name for lunar dust, which actually isn't dust at all but shards of Moon rock that have been smashed by meteorites over millions of years....
...“An entire new generation of investors may well have come of age never having actually experienced an economic downturn, a protracted market downdraft, or interest rates above rock-bottom levels,” he wrote...
Low demand for bonds and loans is Wall Street ‘canary’ as inflation risks rock capital markets
...D1 Capital made money on private companies last year but lost money on public stocks while Whale Rock’s public portfolio has fallen more this year than its private counterpart, according to people with knowledge...
...Owl Rock Capital, Blackstone Credit and Golub Capital financed the company’s $10.7bn takeover of Anaplan last month and its SailPoint takeover....
...In some deals featuring Owl Rock, Blackstone and Apollo, the private equity firms have funded the debt directly. Private credit has been important to middle-market deals for years....
...SailPoint’s financing was led by Golub, Blackstone and Owl Rock, the company said in a statement....
...Prices for songs have soared while rock stars such as Bruce Springsteen and Bob Dylan have sold their songbooks for hundreds of millions of dollars....
...At a private dinner between the pair the following week, Stroll told Moers to improve morale in the business that had fallen to near-rock bottom. Things improved, but the damage was done....
...The firm sidestepped investment banks to arrange a multibillion-dollar financing package from a consortium of private capital providers including Owl Rock Capital, Blackstone, Apollo Global and Golub Capital...
...Junk debt-financed takeovers, fuelled by an era of rock-bottom interest rates, are now a more than $4tn market....
...“I want to be the platform that sees the value in all these genres that live outside of legacy rock,” she said, adding: “We are off to the races.”...
...Smart reads Levelling up A hitherto obscure lender, Little Rock’s Bank OZK, has become one of the most prolific lenders to Manhattan property developers....
...The business moved to a sectioned-off room on the 37th floor of Citadel’s headquarters on Dearborn Street in Chicago, separated from the rest of the hedge fund by a double height wall of sheet rock....
...Another investor, Lucerne Capital, has come out backing Cat Rock’s new campaign....
...McAdam’s background in selling prefab steel structures encouraged his belief that the inhospitable desert rocks offered an ideal environment to create what he calls a “lonely-planet experience”....
...For Jio, which launched in 2016 and used rock-bottom prices to swell to 426m users, it is a chance to repeat the success of its original JioPhone....
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