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...Securities, which has commanding positions in US stocks, Treasuries and swaps trading, has been at the vanguard of a group of ultrafast firms that have stepped into sovereign debt markets as tougher rules on leverage...
...of the largest deployments of private capital into professional services and will be closely watched by the rest of the accounting sector, which has typically shied away from loading businesses up with leverage...
...The lack of leverage is expected to offer financial flexibility for new growth investments....
...Similarly, the FTC contends that as two of the largest employers of union grocery labour in the US, a combined Kroger and Albertsons would have more leverage to impose subpar terms on workers....
...The latest cuts will also affect a handful of junior staff, one person familiar with the matter said, but not graduates who joined the firm in September 2023....
...It does not have much leverage. But the £1bn it is shelling out for Spirent means the combined group would be saddled with a net debt to ebitda ratio of about 7 times, Lex calculates....
...They’re basically investment trusts that make loans to smaller companies, have a 2x cap on leverage, usually list shares on a stock exchange and have to pay out 90 per cent of profits to investors....
...The agency also focused on the allegedly harmful effects the deal would have on labour, saying that the combined entity “would gain increased leverage over workers and their unions”....
...And frankly, the leverage, measured by total debt to ebitda, in high-yield bonds is lower than leverage in first-lien loans [the highest quality]....
...The profits are juiced by massive dollops of leverage. We wrote a more fulsome explainer here, and you can see how it can go very wrong here....
...Fybra was co-founded by chief executive Lapenta after he hit on the air monitor idea during his executive MBA at Italy’s Polimi Graduate School of Management....
...Could they leverage that into something with a big enough market share to make it sound anti-competitive? I can’t rule that out, but it just doesn’t sound very promising to me....
...Bankers and private equity executives ventured that Mobileum represented “mission creep” for HIG, a firm that is best known for buying inexpensive or distressed assets and then using leverage and operational...
...The Dartmouth graduate said she had worked past midnight on the previous day but had signed off before confirming with her colleagues that her assignments were complete....
...Based on regulatory filings, Goldman Sachs estimates that multi-managers use about 5.3 times leverage on average....
...Steinberg said Ohtani had “more leverage than any player I can remember entering free agency” based on talent alone....
...In today’s newsletter: PE’s latest financial engineering feat Křetínský joins auction for the Telegraph Inside “Project Springsteen” Private equity uncovers leverage to deal with leverage Consider it...
...another reminder of that overnight from Bloomberg News, which has gotten its mitts on some financials that the otherwise secretive Jane Street revealed as part of its borrowing programme: Jane Street Group LLC...
...Last year it reported its first profit in half a decade and said it was on track to hit a target to reduce its leverage ratio to three times ebitda by the end of 2023....
...The lack of leverage has made Qualtrics the single largest investment in Silver Lake’s near quarter-century history....
...But multi-managers often use huge amounts of leverage relative to their peers to juice returns — an average of more than five times their assets, by Goldman Sachs’ calculations — on the guise that they can...
...The multi-manager model is significantly more headcount-intensive than traditional hedge funds, and appears to have less operating leverage as firms grow bigger....
...Investors tend to underrate risk, underestimate future financing costs and increase their use of leverage....
...UK union membership is now higher among graduates than non-graduates, so it is time for lecturers to start learning from the assembly line. john.gapper@ft.com...
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