Hints and tips:
...“The declining cost of capital with rates coming down and spreads coming down for real estate borrowing is very helpful.”...
...Big companies including Purdue Pharma, Johnson & Johnson and 3M have used the US bankruptcy system as a way to limit their exposure to compensation claims....
...I think a lot of people were anticipating a V-shaped recovery . . . People are now waking up the realisation that volatility is going to be normal going forward.”...
...Job moves Capital Group has tapped Mike Gitlin, its head of fixed income, to become its next chief executive, as the world’s largest active asset manager continues expanding beyond its roots in US equity...
...Jig is up for ‘Texas two-step’ A landmark court decision could jeopardise Johnson & Johnson’s bankruptcy scheme to manage billions of dollars of legal claims from cancer sufferers, the FT reports....
...He remained a director until 2013 when the business was bought by Berkshire Hathaway and 3G Capital for $28bn, a significant uplift for investors....
...(WSJ) — Dominic Cummings unloads on Boris and Carrie Johnson. (Unherd) — The Bank of England attempts to predict financial crises with a neural net....
Morgan Stanley, Neuberger Berman, SEI and Matthews Asia have launched or are poised to debut products
...At the start of the pandemic he intervened to help facilitate a new business opportunity for Greensill Capital....
...Lake Nona Fund / LN Sports & Health Tech Fund I, LP . . . Exponent Founders Capital I, LP . . . SH Fund, LP . . . Curated [chef recommends] . . . Race Capital II, LP . . ....
...He’s only five percentage points behind Keir Starmer in the polls on who make the best prime minister as opposed to 20-something on the Labour v Tory one....
...“The amounts of income and potential compensation at private equity firms dwarfs the banks,” said Alan Johnson, head of compensation consultancy Johnson Associates....
...Boris Johnson’s moves to “stop Russian companies raising money on London markets” face a problem. Only three Russian firms have conducted an initial public offering in the UK since 2014....
...If government could borrow from investors, service the debt in full and on time, but avoid capital repayment following the death of investor, it could avoid rollover risk on a portion of its borrowings....
...Has Sunak worked out what his government is for and how it’s going to fend off those attacks from both Labour and the resurgent Reform party?...
...Will 40 years of conquest by the private capital tycoons likewise end in a humiliating debacle?...
...“It’s the latest missing piece of the ecosystem,” says Julien Cordoniou, a London-based partner at venture capital firm Felix Capital....
...Yet as company valuations hit historic highs, and the private capital industry struggles to find uses for its $2.5tn war chest of unspent capital, the approach to corporate ownership pioneered by Kravis...
...But the fund, now managing $31bn and no longer shrouded in secrecy, has also attracted the attention of the US Securities and Exchange Commission, the FT’s Andrew Edgecliffe-Johnson reports....
...(FT) Banks vs private equity Mutual favours are common practice between private capital and Wall Street....
...Berry Bros & Rudd, the 320-year old London business, reported a jump in sales and record demand for its collecting services....
...Wise also pointed to Ortho Clinical Diagnostics, which Carlyle spun out of US drugmaker Johnson & Johnson in 2014....
...The world’s biggest alternative asset manager reaped $8.1bn from asset sales in its private equity portfolio in the three months to March, helped by rising stock prices, a resurgent market for initial public...
...Hackman Capital Partners, the owner of storied US studios where Citizen Kane and ET were filmed, has agreed to spend £300m over three years on transforming the site in Dagenham, east London....
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