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...As with Baker Tilly, H&F’s investments are often the first external capital to come into closely held partnerships....
...“More broadly, there is an unpersuasive talking point that fewer competitors is better for competition and I think we always need to assess that claim very sceptically,” said Chopra....
...As well as paying off obligations to retirees, the new structure involves repaying capital to current and former partners....
...We are getting progressively busier . . . but do I see some sort of avalanche [of activity]? No, I don’t.”...
...“These are designed to protect investors, ensure our market operates with optimal liquidity and transparency, and allow capital formation.”...
...Blake Kleinman, partner at H&F, said after doing the Baker Tilly deal that his firm liked to be “the first capital” coming into a partnership to shake up the ownership model....
...If I wanted to be sceptical, some number of those investment managers are going to raise capital that they probably will not be as prudent in deploying....
...“I would put JPMorgan or another G-SIB into a resolution process,” he said. “We think this is doable . . ....
...But I’ve long thought it would be helpful to have a G that was more related to the E....
...Can I give you the date? No. Next decade? Yes. So what’s the pushback? [It’s] the degree of comfort that people have had that a harvested capital gain is the same thing as a dividend payment....
...“I thought it was better to talk to people directly than through headhunters,” he said. “I’m a front door sorta guy. I think it was effective and I’d do it again.”...
...the merits of returning capital to shareholders....
...The owners and managers of the True Confidence, who purchased the vessel just days ago from US private equity group Oaktree Capital, gave details of the deaths and injuries in a statement on Thursday....
...“I do expect that there will be broad and material changes to the proposal,” he said, as he gave his semi-annual testimony on monetary policy to Congress....
...For returns, I used return on capital and gross profit/assets. I also looked for red (or green) flags in debt ratios and historical growth rates....
...“If the deal is approved,” said Graham, “I think floodgates will open.”...
...Which is why I’m sceptical much change happens....
...In a further sign of support, the Chinese capital has started road-testing unmanned police patrol vehicles....
...To be fair to Kenny G, his position is more nuanced than this quote would suggest (even if we think there’s an element of Rorschach’s “you’re locked in here with me” vibe here)....
...For instance, here’s an extract from a filing by Manhattan Bridge Capital, a small Nasdaq-listed mortgage Reit: No Adverse Material Change....
...If you doubt this I urge you to read a law journal article by corporate governance luminary, Leo Strine, the former chief justice of the Delaware Supreme Court....
...“As a macro strategist, this is what I dream about,” said John Butler, head of macro at Wellington Management in London. “This is the best macro environment I’ve experienced in 30 years.”...
...If I can help them pick up a racket or simply get fit and enjoy the benefits of healthy living, then I’ll be happy to have made a difference.”...
...Warren G Harding had been elected the 29th president of the United States on a promise to restore the country to normalcy....
...As a sceptic of ESG investing’s impact on the cost of capital, but a climate change believer, I am very sympathetic to the Sabanci/LBS findings....
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