Hints and tips:
...Private market assets under management have grown nearly 20 per cent a year since 2018 and reached $13.1tn as of last June....
...Toronto-based Manulife announced on Wednesday that it’s buying CQS’s brand, platform and $13.5bn in assets under management as it seeks to bulk up in the fast-growing area of private credit....
...HIG said it calculated its $915mn purchase price by calculating a valuation of 13 times Mobileum’s 2021 earnings before interest, taxes, depreciation and amortisation....
...The roughly $7bn enterprise value on that deal — a multiple of about 13 times CAA’s earnings before interest, tax, depreciation and amortisation in its latest financial year — represented a considerable...
...RBC has revamped its European credit team, tapping Bank of America’s Georgio Gregoriou, Credit Suisse’s Marc Sánchez Roger and company insider Andrea Marcheggiano for senior roles....
...Former Lehman Brothers banker David Kim is retiring as chief operating officer of PAG’s private equity business after 13 years at the firm, per Bloomberg....
...But the ill-fated acquisition meant to herald a new era for the German lender after the financial crisis resulted in a 13-year struggle to integrate the lenders’ data....
...Fellow Swiss wealth manager Julius Baer, which has a strong business in Asia, is expected to be a beneficiary: its shares have jumped 13 per cent this week....
...2022: “Three Arrows Capital failed to meet demands from lenders to stump up extra funds after its digital currency bets turned sour, tipping the prominent crypto hedge fund into a crisis that comes as a credit...
...Earlier this year, investors had signalled they would be comfortable buying the debt with bigger discounts of between 20 and 22 cents on the dollar, with higher yields of 13 or 14 per cent....
...The group’s $639mn in adjusted net income, a metric favoured by analysts as a proxy for the group’s cash flows, represented a 13 per cent increase that slightly beat analysts’ expectations....
...Its share price has since fallen from a peak of above $13 to $3.57....
...Staffan Ekström, a partner in EY’s corporate finance arm who has worked on most of Embracer’s deals, told the FT’s Anna Gross he believed Embracer had set a dealmaking record when it bought 13 companies...
...A smaller, computer-driven fund run by Axonic that tries to find arbitrage opportunities in fixed-income is up around 13 per cent this year. After the inflows, Axonic manages about $3.5bn in total....
...She credits her father, a radar systems engineer, first in the Irish Army and then the United States Air Force, with encouraging an interest in technology and economics....
...For S&P Global, the indices business is just 13 per cent of its revenues; credit ratings account for half....
...The Canadian pension fund CPPIB would provide financing through its credit arm but would not own a stake....
...The firm has now swapped the debt — which paid interest of 2.95 per cent — into AMC stock at a price of $13.51, according to regulatory filings....
...But some of his ideas “were unremarkable or not viable”, the report said, and he had a habit of taking credit for other people’s work....
...Francis in 2018 described credit default swaps as “a ticking time bomb” and “unacceptable from an ethical point of view”....
...Apollo’s shares have more than doubled from their low-point in March, wiping out losses sustained in the early weeks of the pandemic, to trade 13 per cent higher than at the beginning of the year....
...But he is the debtor, too, and it is not a typical mortgage; it is a “springing loan”, meaning it only comes due under specific conditions — typically a credit event such as a decline in credit rating....
...The S&P 500 index has posted gains of 13 per cent since the end of March....
...And as sure as night follows day there will be a recession”, and the exhaustion he felt after 13 years of “massive stress” since he became chief financial officer of Morgan Stanley in 2007....
...But its “global macro” Compass fund has fared worse and is down 13 per cent as of Friday, while its Absolute Return fund has lost 3 per cent....
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