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...It’s not what we think of when we think of a company like, you know, some insurance company in some city or some factory or whatever....
...’s businesses outside of insurance....
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...It mirrored the spirit of a venture firm: betting that a few companies it lent to would be so successful the gain would offset losses from all of those that failed....
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...“Although you can control a museum during your lifetime, it becomes very difficult after you’ve gone, and then there are the considerations of insurance, access and conservation.”...
...It also lent freely to them, expecting to be repaid not from the cash flows of the business, but from the eventual bonanza when new investors supplied another round of capital....
...Until then, you can reach Sid and I at imani.moise@ft.com and sid.v@ft.com. Happy reading!...
...kadhim@ft.com / sid.v@ft.com...
...The same collection also lent the V&A a gold and enamel box, and both have been retained in Britain. So this is a tricky one: do those objects count as public art, or as pieces of private wealth?...
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...They could try again in two years' time during the next general election, after all, California is too big a potential market to ignore....
...So they have all of this cash from these companies. They got this influx of money. Those companies are highly interest-rate sensitive....
...Last year, the company went public, valuing General Atlantic’s stake at $639mn, several multiples of its original investment....
...Companies It’s a week of insurance industry earnings reports....
...Alleghany, a property and casualty insurance and reinsurer, has long been described as a mini-Berkshire Hathaway....
...added that without “serious action, we risk the economy simply drifting towards low growth once the V-shape bounce ends”....
...These new Korean-registered “general partnerships” enjoyed tax advantages over their foreign competitors, as well as greater freedom to acquire assets subject to foreign ownership restrictions....
...You should also review your home insurance policy to check whether it includes legal expenses cover....
...Reach out to me (imani.moise@ft.com) or Sid (sid.v@ft.com) to let us know. Happy reading!...
...As always, reach out to Imani (imani.moise@ft.com) or me (sid.v@ft.com) with thoughts for other companies to cover, trends to follow or general tips....
...that lent the group nearly €500mn less than six months ago....
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