Hints and tips:
...As DD’s Sujeet Indap reported, a bulk of the recoveries comes from monetising FTX’s investment portfolio including a stake in the AI high-flyer, Anthropic....
...Paul Weiss is hiring investment funds lawyer James King from Kirkland & Ellis. King will be based in London. Santander has hired a trio of senior US bankers, Bloomberg reported....
...Holdings of UK-listed companies by British pension and insurance funds have plunged from about half of their portfolios to 4 per cent over the past two decades, according to data from Ondra....
...Investors had pulled some €30bn from his team’s funds during the panic, but loyal clients were rewarded by the recovery the following year....
...As its portfolio transforms, so too have some of its important investment roles....
...We’re also joined by Stephen Bush, associate editor and columnist at the Financial Times....
...This exhibition at the V&A invites us into the opulent world of master goldsmith Carl Fabergé and his London clientele....
...More loans were allegedly given by Cox & Kings to V Hotels, a struggling beachfront property bought by Peter and Urrshila’s father, Ajit, in 2001....
...Bridgewater Associates and Renaissance Technologies, both considered among the best hedge funds in the world, suffered steep losses....
...His title was associate, one of the lowest ranks in banking, but his colleagues gave him the unofficial status of “managing associate”, one former banker recalls, after noticing that he often provided answers...
...“China’s success in controlling the pandemic and putting the economic recovery back on track stands in stark contrast with other major economies.”...
...Investors need to guard against the temptation to skew their portfolios towards exotic assets offering the false prospect of higher risk-free returns....
...If the economic trajectory does indeed look more like an “L” than a “V” or “U”, portfolios will need to combine recovery stocks with cash and lower-risk bonds as well....
...Swati Dhingra, associate professor at the London School of Economics, predicted “an initial optimistic uptick from a Brexit deal and then a longer period over which reduced market access starts to come into...
...Schwarzman’s group isn’t alone in struggling with some of its portfolio companies’ debts....
...He is also encouraged by a “V-shaped” recovery in Asia, its largest market, and less dire forecasts for UK consumers....
...Martin Weale, professor of economics at King’s College, London: No. I expect the UK to have a slower recovery because of the effects of Brexit....
...Every CEO should stay open-minded,” says Ms Seitz, whose company is one of those said to be up for sale by its private equity owner TA Associates....
...Bankers’ early optimism that the pandemic would manifest as a sharp economic shock followed by an equally rapid recovery — the ubiquitous “V-shaped” recession — has given way to pessimism....
...The Treasury is not nearly as optimistic about a V-shaped recovery and this was reflected in an internal briefing paper which raised the possibility of tax rises and spending cuts....
...It depicts the downfall of the British businessman known as “king of the high street” whose 60th birthday party cost more than the film’s production....
...The consultancy predicts revenues across Europe’s Big Five leagues will drop by €1.5bn this season, but make a V-shaped recovery next season....
...Causeway Capital Management LLC, the LA hedge fund, has declared 4.88 per cent of Micro Focus....
...More importantly, this is likely one of the few areas in the portfolio with any investment market liquidity currently....
...Against the general trend, yesterday Ferrari confidently guided to a V-shaped recovery in its P&L from H2/20....
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