Hints and tips:
...Back in Taipei, Acer chairman Jason Chen is also looking for signs of a recovery, in this case in the PC market....
...Its three largest private bets, ByteDance, Databricks and Stripe, “should have the opportunity to go public once markets are more accommodating”, Tiger said....
...(For the uninitiated, between the aughts and coronavirus pandemic, Brother Jimmy’s, or Bro J’s, was a go to hangout for twenty-something finance bros, including Rashid.)...
...In our high-yield business, we generally have experienced about a third of the market’s defaults, and we have outperformed the market in terms of recoveries given default. So credit selection matters....
...The contest’s five-stock rule left us room to go long Google and Meta, and to short Microsoft, Nvidia and Tesla....
...Since then, the brand has had an uneven recovery....
...Voyager intends to pursue recovery from 3AC and is in discussions with the Company’s advisors regarding the legal remedies available....
...The firms frequently go head to head in sometimes bitter fights for traders. Citadel recently hired trader Brad Schneider, who was previously at Millennium....
...The company said the source of the problems was a manual error involving its “Disaster Recovery configuration”, which is designed to keep the exchange running during times of crisis....
...“Such a policy would lead people to go through a lot more testing....
...To go public, Dell Technologies swapped its privately held shares and cash for the listed VMware tracking stock at an acquisition value of $24bn....
...John Ray III, who took over as FTX chief, said the deal was an “example of our continuing efforts to monetise assets to deliver recoveries to stakeholders”....
...“I think there’s still a lot of quantitative firms who go the easy route and say: ‘Well, this stuff is working again....
...“We concentrate towards our highest conviction names and that tends to work very well as we go through these corrections.”...
...American Express Global Business Travel announced it will go public in a merger with a New York-listed blank cheque company backed by Apollo Global Management in a bet on a recovery in post-pandemic business...
...Tony MariniThe most important part I saw being a compulsive gambler myself — I’ve been in recovery 17 years — I was really interested in the fluctuation of the prices, the volatility....
...Surging costs threaten to undermine America’s reopening and economic recovery. “The politics around consumption are really, really difficult,” says Tudor....
...Athene and Apollo go for gold Is Apollo Global Management a private equity group? A conglomerate? An insurance company?...
...Ms Porat indicated the company would go further in its next set of earnings, disclosing the operating profits of its divisions for the first time....
...But its presentation shows that the start-up expects to go from zero to $10bn in annual revenue in the next three years. That’s with its Fisker Ocean vehicle still two years away from production....
...One scoop to start: The AA, the heavily-indebted UK roadside recovery group, has agreed terms of a sale to two private equity groups, Warburg Pincus and TowerBrook....
...To read the full agenda and register for free, go here. Welcome to the Due Diligence briefing from the Financial Times. Not a subscriber? Sign up here....
...“And given this, companies like ours need to go well beyond what we’ve done before.”...
...isolation, disease and death, economic contraction, enormous reliance on government action and uncertainty about the long-term effects are all with us, and the main questions surround how far they will go...
...We assume that recovery will just seep into the gaps left between scheduled meetings, but then find we don’t know how to handle spare time....
International Edition