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...Castlelake would sit in Brookfield’s recently formed credit unit, which also houses a controlling interest in Oaktree Capital Management....
...Last month UBS agreed to sell an additional $8bn of loans to Atlas SP as part of a renegotiation of the deal that also scrapped an associated investment management arrangement....
...Harris Associates was previously one of Credit Suisse’s longest-standing shareholders, owning as much as 10 per cent of the bank’s shares in the year before it collapsed....
...“I had to lie down in the road and say: ‘We’re not signing until we get that cash’,” he said, while stressing that central government deserved credit for agreeing to it....
...John W Mullins Associate Professor of Management Practice, Marketing and Entrepreneurship London Business School, UK...
...While ADM’s management was “pretty optimistic about it”, he said, for investors “it’s always been a show-me story . . . if you can show consistent performance within the segment, then we’ll give you credit...
...business Corinthia Global Management....
...Archer Daniels Midland, the global agricultural commodities merchant, overstated historical profits at its fast-growing nutrition business by up to 10 per cent, it said on Tuesday, setting out for the first...
...This structure helps circumvent US regulations when globally significant banks, such as Crédit Agricole, own fund management companies. One can see the attraction for Amundi....
...While new Fed proposals to increase bank capital (dubbed the “Basel endgame”) are being recalibrated, further adjustments to liquidity, capital rules and risk management practices are nonetheless likely....
...Goldman Sachs’ asset management arm has bought a stake in private credit specialist Kennedy Lewis Investment Management, as it looks to expand its reach in a fast-growing corner of markets....
...But another crucial change has been improved liquidity, thanks to a raft of new open-ended funds launched by large alternative investment managers like Blackstone, Ares Management, and Apollo Global Management...
...Private credit deals, in addition to generating interest income, also charge management fees to limited partners....
...The former head of Credit Suisse’s wealth management business, Francesco de Ferrari, has become the latest executive of the fallen bank to leave UBS....
...Goldman Sachs’ Petershill Partners, which owns minority stakes in alternative asset companies, has bought a stake of more than 20 per cent in private credit specialist Kennedy Lewis Investment Management...
...At the end of last year it had 594 Home Bargains stores, with the bulk of those shops in the North and Midlands....
...Private credit has become fashionable in the asset management industry, with money managers piling into the area as higher interest rates damp the appeal of traditional private equity....
...Take Blue Owl Capital’s recent acquisition of Kuvare Asset Management for $750mn, which eventually could reach $1bn....
...When Juan Luciano took the helm of Archer Daniels Midland in 2015, he joined a company still known in the popular mind for outsized clout in Washington, old adverts touting its role as “supermarket to the...
...Private credit assets under management soared as investors were attracted by high single-digit returns during a long period of low interest rates around the world....
...The deal also included an agreement where Atlas would provide investment management services to some of the assets Credit Suisse retained....
...Meanwhile, drivers who belong to the Aslef union will walk out on April 5, 6 or 8 depending on which operator employs them: Avanti West Coast, East Midlands Railway, West Midlands Trains and CrossCountry...
...Further reading:— The private credit ‘golden moment’ (FTAV)...
...Inside the daring raid on Barings that has shaken the $1.7tn private credit market....
...Management on Wednesday, following the Moody’s downgrade, sought to reassure investors that the bank is still taking in new deposits....
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