Hints and tips:
...FTX’s bankruptcy estate has flagged Anthropic as an asset that may help creditors with recoveries. Google’s investment was made by its cloud division, run by former Oracle executive Thomas Kurian....
...He was expelled from school for selling weed and always wanted to be a grime MC. He couldn’t compute that kind of money; it alienated him from friends and relatives....
...The marketplace has created this unbelievable ecosystem, and it will continue to do it in asset classes around. See everything I do comes back to Gensler. . . ....
...American Express Global Business Travel has agreed to buy rival CWT for $570mn in a bet on the continued recovery of business travel....
...Vanguard chief executive Tim Buckley plans to retire from the asset manager by the end of the year....
...Still, some are being cautious, and one group of investors doesn’t seem convinced: private equity is sitting on a record number of assets....
...Investor demand for public corporate credit seems insatiable and private credit is the asset class of the moment....
...A strong Chinese recovery could also challenge the recent performance dominance of US equities, either directly or indirectly via Japanese or European assets....
...For returns, I used return on capital and gross profit/assets. I also looked for red (or green) flags in debt ratios and historical growth rates....
...“There have been fewer LBOs and therefore less new loan volume,” said Michael Patterson, a governing partner at asset manager HPS Investment Partners....
...The retailer, founded by Scottish fashion designer Kane in 2006, has filed at the High Court a notice of intention to appoint administrators at FTS Recovery, according to filings....
...The holders of the new debt tranche created in 2020 are now set to take control of the reorganised Serta with the deprived group only to get a modest recovery....
...The reason deep value tends to lead value stock recoveries is because value stock recoveries tend to coincide with countries emerging from recessions....
...Voyager intends to pursue recovery from 3AC and is in discussions with the Company’s advisors regarding the legal remedies available....
...John Ray III, who took over as FTX chief, said the deal was an “example of our continuing efforts to monetise assets to deliver recoveries to stakeholders”....
...It was a filing made by an entity named FCM BBBY Holdings, LLC which listed its address as a nondescript Wyoming office building....
...Now, the New York-based hedge fund, which managed over $90bn in assets at its peak, is drawing on the lessons of her recovery, say people familiar with the matter, after its flagship fund shed about half...
...The new fund lifts SVP’s assets under management to almost $10bn — more than double its size five years ago....
...“The recovery in 2021 has been quite good and I’m confident for 2022.”...
...those gains came when it had a much smaller asset base....
...While ARKK has a stellar long-term record, the average investor in the ETF is now under water because many of its gains came when it had a much smaller asset base....
...While the fund’s bets have often lost money in recent years, most of the drop in assets pertains to client withdrawals....
...“I wouldn’t be surprised if this recovery was the biggest and the longest.”...
...Some suffered initial losses as markets slumped in March 2020 with the spread of Covid-19, before intervention by the Federal Reserve sparked a recovery in riskier assets....
...Despite a recovery this week, the flagship fund, often known by its stock market ticker ARKK, is down 17 per cent this year and 34 per cent off its February peak....
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