Hints and tips:
...The credit investment manager co-founded by Howard Marks expects to offer loans of about $500mn or more to leveraged buyout groups, money they will use to fund corporate acquisitions, according to a letter...
...Goldman Sachs and Citadel Securities are among a group of 10 large trading groups backing bond pioneer Howard Lutnick’s renewed tilt on CME’s monopoly on the US Treasury futures market....
...Size was widely seen as a factor in hurting returns at Brevan Howard, whose assets grew to around $40bn in 2013 before tumbling to around $6bn as performance sagged....
...Last week, Oaktree Capital co-founder Howard Marks told clients the group was trying to raise $10bn to fund loans for big buyouts....
...If you look at Howard Marks’s investment philosophy for Oaktree, the first item for us is the primacy of risk control....
...His investment nous won him admirers among Wall Street royalty including Oaktree Capital Management co-founder Howard Marks and Blackstone’s Stephen Schwarzman....
...Macro hedge funds such as Brevan Howard, Rokos Capital and Caxton posted enormous gains in 2022, though performance was more muted last year....
...Job moves Former Starbucks chief Howard Schultz is stepping down from the coffee chain’s board....
...Oaktree founder Howard Marks, a former acolyte of “junk bond king” Michael Milken, has a reputation as one of the savviest specialists in distressed investing, where hedge funds try to extract profits from...
...He was previously a partner and senior economist at macro hedge fund Brevan Howard Asset Management....
...For example, FTAV has heard that DE Shaw’s flagship fund made 24.7 per cent last year (its macro fund Oculus apparently made 20 per cent), and that Brevan Howard gained 20.1 per cent (Brevan’s Alpha Strategies...
...Howard Migdal, chief executive of Grubhub owner Just Eat Takeaway’s Canadian subsidiary, will replace him in May....
...Multi-manager funds such as Citadel and Millennium, which run money across a wide range of strategies, and macro funds such as Brevan Howard and Rokos that bet on falling bond prices, thrived....
...Many, including Brevan Howard, Astenbeck Capital and Armajaro, even shut commodities funds last decade against a backdrop of wild price swings and lengthy periods of falling prices....
...A sea change is under way in markets, writes Howard Marks, co-founder and co-chair of Oaktree Capital Management, in this opinion piece....
...How Oaktree captured Evergrande’s castle Howard Marks knows the value of investing where others fear to tread....
...By the start of 2021, Coleman featured in LCH Investment's list of the top performing hedge fund managers of all time, above star names such as Steve Cohen, Alan Howard, and Louis Bacon....
...It was a gruelling skirmish that saw Oaktree’s founder Howard Marks fall out with longtime friend and Apollo founder Leon Black (DD’s Sujeet Indap wrote a book about this billionaires brawl)....
...“Howard Marks has this cuddly image,” said one rival, “but they do some pretty medieval stuff”....
...On Wednesday, Milken and Howard Marks, the co-founder of Oaktree Capital, reminisced about old financings such as those for sewing-machine maker Singer and machinery giant International Harvester....
...The $166bn asset manager, run by Howard Marks in Los Angeles, is planning to bid alone, although it could still become part of a wider consortium, according to two people with knowledge of the plan....
...The default allowed Oaktree — a $158bn asset manager run by Howard Marks in Los Angeles — to take control of the project’s equity, restart construction and begin selling its apartments, the person said....
...Oaktree founder Howard Marks, a former acolyte of “junk bond king” Michael Milken, has a reputation as one of the savviest specialists in distressed investing, in which hedge funds try to extract profits...
...This week the FT revealed that the Los Angeles-based asset manager run by Howard Marks had seized control of the land after its owner Evergrande defaulted on a $300m secured loan....
...Other hedge fund managers, including Bill Ackman’s Pershing Square and Brevan Howard, followed suit....
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