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...“There are enough things in LPs’ portfolios that they can price at a smaller discount today and that makes them feel better,” Miller said....
...Castlelake would sit in Brookfield’s recently formed credit unit, which also houses a controlling interest in Oaktree Capital Management....
...Multiple people said personal tension between Miller and Moritz played a role in a breakdown between the pair. Botha and other partners at the firm reviewed Miller’s case and U-turned....
...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....
...It referred to a 2015 matter in which the US Consumer Financial Protection Bureau ordered two of Hankey’s companies, Westlake Services and Wilshire Consumer Credit, to collectively pay nearly $50mn in restitution...
...She finds that people enrol in her courses because “upholstery is an expensive service but people can afford to mend their own piece”....
...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....
...Miller, who runs investment group Boots Capital Management, has been advocating for his own turnaround plan at Crown Castle....
...The bond is akin to a bank guarantee or line of credit....
...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....
...business Corinthia Global Management....
...“Strong and ongoing growth in private equity returns is behind this measured and appropriate increase,” said Calpers trustee David Miller, chair of the investment committee....
...Most hospitals have gone out of service....
...How does consumer debt relate to personal financial management and relationships according to the article?...
...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 the spy chief rarely takes credit for them, keeping Moscow and the rest of the world guessing about his directorate’s reach and abilities....
...Private credit deals, in addition to generating interest income, also charge management fees to limited partners....
...Take Blue Owl Capital’s recent acquisition of Kuvare Asset Management for $750mn, which eventually could reach $1bn....
...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...
...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...
...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....
...Finally, he says that the relatively new factor model that EFW uses is “inconsistent with current risk management convention”....
...While the agency’s policy is not to take credit for the strikes, it has on some occasions claimed responsibility, as it did with the October attack on Russia’s illegally built bridge connecting the country...
...It is rolling out the model developed banking law firms to other industries such as consulting and asset management....
...Apollo Management, Ares Management and Coller Capital are among the firms that have gotten into the private-credit ‘secondary market’ investment game....
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