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Latest loss of $8.5bn in Texas comes after asset manager tried to make inroads in the Republican state
...Higher rates should attract capital and push up a country’s currency. But rate differentials haven’t changed much in the past few months....
...Investors could hence starve the former of capital and provide it in spades to the latter, doing their bit for the planet while making outsize returns....
...Potsdam, a very small city just outside of Berlin, is also worth a visit: it has lakes you can swim in and a park with lots of old monuments....
...Among companies on the Prime section, JPX said 9 per cent of those that had not provided capital efficiency plans were considering doing so....
...“Investors are not really going to have much of a choice,” said Niklas Amundsson, a Hong Kong-based partner at Monument Group, a private equity placement agency....
...Assume, then, that TMTG’s weighted average cost of capital falls from more than 20 per cent to 5-6 per cent, the S&P 500’s average WACC. Even then, we’re only at $51....
...“We see these deals as a good sign for the strength and depth of the market, and that’s what we’re telling clients,” said Rob Stowe, US head of equity capital markets (ECM) for Barclays....
The “J Crew blocker” has some problems
...In the midst of its landmark lawsuit against Apple, the antitrust enforcer noted disapprovingly of the company’s $77bn buyback scheme in 2023: not because it was a lazy deployment of capital but as an indicator...
...The non-dom regime allows foreign domiciled nationals resident in Britain to earn money from capital abroad without paying UK tax on it for up to 15 years, provided they do not remit any income or capital...
...I have had my eyes on the company ever since it scored one of the biggest early-stage investments of 2022, according to CBInsights, which tracks venture capital. 1Komma5 raised $218mn from Porsche’s venture...
...It would continue to use capital and expertise to support clients in their energy transition and managing climate risk....
...Mohit Goyal, a managing director at CVC Capital Partners in Mumbai, is leaving the private equity group just as it is making its push into India, Bloomberg reports....
Having failed to make it, more firms may try to fake it
...Corporate finance nerds like myself tend to think of deploying excess capital in a simple, quantitative way....
Australian pension fund CIO discusses sustainable investing amid political uncertainty
...In fact, it’s almost a third of the entire private capital industry’s overall $13tn of assets under management (zoomable version)....
...The rising interest of activist investors has put pressure on Japanese companies to make more efficient use of capital....
...“The great things about our business is that it is actually not that capital-intensive!...
...Uber last week hailed 2023 as an “inflection point” in its history and signalled that it could return capital to shareholders....
...Enterprise Ireland is by far Europe’s most active venture capital fund by deal count, according to PitchBook, a VC and private equity platform....
...Hopes for capital raising have been bolstered by a stock market rally that has lifted the S&P 500 index to a record high, gaining 27 per cent since a late-October low....
...Hudson Bay Capital, Reverence Capital Partners and hedge fund Citadel are co-investing in the deal which closes on Monday....
...Instead, they are a signal that rationality is slowly returning to venture capital....
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