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...It boasts that it has never had an investment go bankrupt or miss an interest payment in more than 80 private equity deals executed since it was founded in 2000....
...[Enlarge] Further reading:— Alert: Alphaville LLC issues new research report on Duchy of Cornwall (FTAV)— Greenland: Alphaville put on its sellside hat for the deal of the century (FTAV)— Alphaville LLC...
...According to Apollo’s own public disclosures, over its 44-year history its private equity funds have earned an impressive gross 39 per cent return, annualised....
...It in effect said Apollo was improperly sending expenses over to LPs and if it didn’t have its house in order, how could Rashid be the only person held accountable?...
...The Working It newsletter explains what’s coming....
...They have questioned the company’s previous disclosures over the limitations of its technology as well as its handling of the incident....
...And they’ve said, okay, you know what, here’s a pile of (expletive), put a bow on it and make it look okay, so that it passes the Administrative Procedures Act. It’s not going to. It’s not going to....
...It added that it was looking at services including Google Shopping and Google Flights over whether the company was giving preference to these in its search results....
...In simpler terms, how many years will it take for us to be ten times wealthier?...
...It told clients in December that it planned to return $7bn in profits to investors and said it would start 2024 with $58bn in assets....
...It’ll do.)...
...But last year UBS — after it took over its former rival Credit Suisse — set about renegotiating the terms of the Apollo deal, which it felt did not provide good terms for the bank....
...It has had a torrid time in recent years after its enigmatic founder Ray Kelvin resigned as chief executive in 2019 amid accusations of inappropriate behaviour against staff, which he denies....
...“It’s a really challenging problem.”...
...It’s clear the firm feels more confident in its positioning than it did a year ago when it was forced to admit how badly it had miscalculated the pace at which interest rates would rise....
...It argued that fewer big publishers would harm the earning power of top writers....
...Last year it capped investments in its flagship vehicle and cut about 8 per cent of its workforce in a shake-up after its founder Ray Dalio ceded control of the firm....
...And it can add another big European club to its trophy cabinet....
...Boeing, as I have noted before, is a blessed company: it is half of a duopoly in its core market, it has high barriers to entry and it is a strategically important company for the US....
...It’s not the only one....
...It’s only been around since 2021 and has already amassed assets of over $50bn — making it larger than the 10 biggest public BDCs combined. In fact, by net assets it seems to be as large as the top 15....
...And that’s generally a good thing because people around the world use it. But it’s missing the mark here.”...
...Is it as good as it seems? Armen Panossian: High-yield is really interesting....
...It is not surprising that when a fund comes up with one, it wishes to ensure that none of the value creation leaks to anyone else. The Jana/Cannae partnership is not completely novel....
...Funds operated by Wood’s firm Ark Investment Management LLC have bought about 216,000 shares of the company over investments made on Dec. 20 and Jan. 3, according to Ark’s daily trading data compiled by...
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