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...In 2021, he hired three former Goldman partners — Paul Russo, Scott Rofey and Jeffrey Verschleiser — to lead the risk management of the firm’s equity, macro and rates, and credit divisions respectively....
...Last year, it acquired a footprint in credit investments by purchasing Iron Park....
...a statement after the initial publication of this article that “much of the private debt that will help fund the creation of the ESOP is not incremental debt but is a refinancing of our current line of credit...
...expand assets under management....
...A month later the New York-based firm said it had acquired private credit firm Iron Park, a business set up by Tripp Smith, a former Blackstone credit executive....
...business Corinthia Global Management....
...The deal also included an agreement where Atlas would provide investment management services to some of the assets Credit Suisse retained....
...Apparently, Apollo Global Management has other priorities....
...But for those in Miami for JPMorgan Chase’s annual credit conference this week, nothing was more enticing than a panel discussion on liability management exercises....
...There’s a private credit boom going on, and underworked, bonus-anxious investment bankers and their asset management colleagues are ON IT....
...Friday interview: Armen Panossian Credit markets are booming. Investor demand for public corporate credit seems insatiable and private credit is the asset class of the moment....
...That included loans associated with some marquee buyouts including Elliott Management’s takeover of technology business Citrix, Elon Musk’s purchase of social media company Twitter and Apollo’s acquisition...
...In September, Discover agreed to improve its consumer compliance management system under a consent order from the FDIC....
...Did management make the right noises — or do they still think its problems are anomalous and disconnected?...
...The Tory donor and philanthropist will step back from his firm as the Canadian money manager bulks up in private credit....
...As a result, its assets under management have nosedived from a peak of $226bn in 2018 to $98bn....
...Renamed GV, it now boasts more than 400 companies in its portfolio and has some $8bn in assets under management....
...The credit business Zito leads includes roughly $461bn of the firm’s investments across structured credit, corporate bonds and loans and private credit....
...Edward Finley of Arrow Wealth Advisory LLC pointed out that from a certain point of view, the question “does private credit, as an asset class, generate excess return” is a sort of category mistake: An...
...Daniel Cash, a credit ratings specialist at Hong Kong law firm Ben McQuhae, compares this situation to how credit rating agencies operated before the 2008 financial crisis, which drew the attention of regulators...
...better than rivals who stayed in the sector and suffered as dozens of Chinese developers including Country Garden defaulted on dollar bond payments last year amid plunging home sales and a loss of access to credit...
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...If you’re the hacker, claim credit: robert.armstrong@ft.com and ethan.wu@ft.com. Value revisited: where are the cheap stocks?...
...Traditional asset managers such as Franklin Templeton, AllianceBernstein and T Rowe Price have been racing to snap up alternative providers, including infrastructure, private equity and private credit funds...
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