Hints and tips:
...Its new fund — known as Strategic Investment Partners V — plans to buy risky debt, including junior loans and convertible bonds, as well as preferred stock....
...August 14, 2023: Prime Trust, LLC and certain of its affiliates filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware...
...If the talks with Apollo, which this week struck a $29bn deal to merge with insurance affiliate Athene, cannot be revived, Greensill appears to have few options....
...“It’s pretty extraordinary that with this amount of distress you haven’t seen more failures in asset management companies.”...
...Andreas Billmeier at Legg Mason affiliate Western Asset says: “The ECB has essentially communicated that the institution is willing to give up the self-imposed issuer and issuance limits for sovereign bond...
...Causeway Capital Management LLC, the LA hedge fund, has declared 4.88 per cent of Micro Focus....
...It continues: “The independent review being undertaken by Freeh Group International Solutions LLC, announced on 17 January 2020, is proceeding....
...For critics of the initial tracking-stock deal — like Icahn — Dell and Silver Lake have engineered a slick solution....
...But VMware, EMC’s prized asset, was public....
...Smart beta managers have been scooping up assets from their active counterparts....
...• Nicolaas Marais has joined Wells Fargo Asset Management as president with responsibility for multi-asset class solutions, research and product management....
...She says Mars Capital, an affiliate of Oaktree Capital, the private equity firm, acquired her mortgage from the Irish bad bank and was “very, very difficult to deal with”....
...For each asset, turnaround specialists and private investors – other than affiliates of banks exposed to the asset – will be called upon to propose several resolution plans....
...• Two new faces for the advanced-beta team in the multi-asset investments and portfolio solutions group at Schroders, the $446.5bn global asset manager....
...It reminds us of Texas Competitive Electric Holdings Company LLC (TCEH) in 2011....
...Bankruptcy We discussed this at some length on Monday because it reminded us of Texas Competitive Electric Holdings Company LLC (TCEH) in 2011....
...We live in this situation without an immediate collapse or an immediate solution confronting you.”...
...These companies can now buy long-coveted assets without concern that Blackstone, KKR or TPG will outbid them....
...Templeton controls about 10 per cent of VNU’s shares and its affiliates control a further 4 per cent....
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