Hints and tips:
...That’s slightly weird, not least because it compares rather poorly to Round Hill, HSF’s only peer in the London market, which last week received a take-private at an 11.5 per cent discount to NAV....
...The merger draws a line under months of uncertainty for Beverly Hills-based PacWest, which like SVB has close ties to the California tech community, had a large proportion of uninsured deposits and paper...
Billionaire investor says higher interest rates and slower growth are about to put $1.5tn market to the test
Legendary activist investor’s vehicle said to be overvalued in critical report
...“In the investing environment broadly, I think this is one of the most complex times we’ve had,” Schwartz said at the Milken conference in Beverly Hills this week....
Loan signals confidence in luxury real estate after residents fled during the pandemic
...Like Signature Bank and First Republic before it, Beverly Hills-based PacWest’s similarities to Silicon Valley Bank — strong ties to the tech industry, paper losses on its securities portfolio, and large...
...The Federal Trade Commission, which has taken a more adversarial position under its leader Lina Khan, has been scrutinising shale gas producer EQT’s $5.2bn deal to buy private producer Tug Hill for months...
...It is unclear why the portfolio should be valued at 23 times revenues, compared with 19 times for its peer Round Hill, using Stifel numbers....
...The share price took a turn for the worse after chief executive Chris Hill laid out a new strategy, which will boost investment in the business and cut the amount of capital returned to shareholders....
...Announced just hours before it was made available, the Canadian rapper’s seventh studio LP arrived like a conjuring trick to oohs and aahs from his vast fandom....
...This long counter space exudes low-key sophistication as jazzy LPs play on a turntable and the shifting waterside light confers its own magic....
...There is much more room for allocations in the wealth management channel to increase,” said Rob Sharps, chief executive of T Rowe Price, which last year bought alternative credit manager Oak Hill....
...andrew.hill@ft.com Twitter: @andrewtghill Letter in response to this article: Where two leaders can be better than one / From Laura Empson, Professor in the Management of Professional Service Firms,...
...“I was listening to my mom’s Motown, Curtis Mayfield, Al Green, Isaac Hayes, Natalie Cole and Aretha Franklin LPs. To me, those artists were some of the very first rappers....
...A one-time confidant of the former president, Peltz has recently distanced himself from Trump, telling CNBC he believed the Capitol Hill riot permanently tarnished his legacy, and that he was “sorry” he...
Transaction with Brookfield for 49% of One Manhattan West would value building at $2.85bn
...The situation has also sparked concern on Capitol Hill....
...As recently as last year, auctions for a hot song catalogue would typically attract bids from the major music labels and small specialist funds that have emerged to buy rights, such as Hipgnosis, Round Hill...
...integrate the UK sportsbook and gambling software group with Endeavor’s IMG Arena, which delivers live streaming video and data feeds to 470 sportsbook brands including WynnBet, SkyBet, Ladbrokes and William Hill...
...There — on the street where a Hungarian immigrant invented the LP record for Columbia Records — I met my Salvadoran and Mexican neighbours, who plied me with tequila for Thanksgiving and took me to the horse...
...The support for Biden’s plan from some of the top names in the US financial sector comes despite strong opposition from Republicans on Capitol Hill who believe the level of new spending is excessive....
...It competes with other funds such as Round Hill and Primary Wave as well as the big music labels, which own the rights to millions of songs. KKR has emerged as another investor on the scene....
...managing partner Kevin Sneader has been voted out by its 650 senior partners, in a historic rebuke over his handling of a string of crises, according to this scoop from DD’s Arash Massoudi and the FT’s Andrew Hill...
...Former William Hill boss Philip Bowcock has joined as interim chief. More here....
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