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...Strategic buyers are also taking advantage of cheap assets....
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...sell a majority stake to private equity investors....
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...The deal follows a strategic review by the company’s board after shareholders voted last year against the fund continuing....
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...Private equity funds have been hit by high interest rates and choppy markets and are facing demands from their investors to return capital by selling assets....
...Here he makes the case that the stock prices in the failure of the bank’s recently announced strategic revamp: Investors value banks on price-to-book value ratios with reference to the return on equity...
...Simpson Thacher has hired Adam Risell for the firm’s investment funds practice. He previously worked at Cadwalader....
...The writer is a former global head of asset allocation at a fund manager Returns from equities have been so consistently and implausibly higher than government bonds over long time horizons that the phenomenon...
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...Calpers, the largest pension plan in the US with $452bn in assets, had total fund leverage of 8 per cent as of June 2023, which included what the fund described as “active” and “strategic” leverage....
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