Hints and tips:
...Fortress was sold in May by SoftBank to an arm of Abu Dhabi’s sovereign wealth fund and the asset manager’s own employees....
...only supplying the terminal’s clients with terse news on recondite subjects to a swish subscription offering whose breadth competes with publications ranging from The Wall Street Journal and the FT to USA...
...But even if a fund is heavy on tech, it’s still worth drilling down to see what sort of tech companies it holds. Take Liontrust Sustainable Future Global Growth, a UK-domiciled fund....
...“All the consensus trades have blown up,” said one rival distressed fund manager. “PG&E was the first domino — then Intelsat hit.”...
...She most recently ran her own fund, and before that, was a partner and portfolio manager at Perella Weinberg Partners....
...Baker Hughes took a 5 per cent stake in Adnoc’s drilling unit....
...Tobias Pross, a member of the asset manager’s global executive committee, will replace him....
...John Williams, a partner at the law firm Milbank who represented a group of fund managers in developing ISDA’s proposals, hopes that the momentum generated will lead to further fixes down the road....
...On the other side of the trade is Solus Asset Management, who sold credit protection on Hovnanian and stand to lose out if a panel of banks and fund managers agree the deal qualifies as a default event under...
...Dexter Goei, who runs Altice USA, was reinstated to the role of group chief executive....
...They involve oil services groups Schlumberger, Halliburton and Weatherford International, drilling contractors Nabors Industries and Rowan Companies, and engineering and construction companies KBR, Jacobs...
...Cohen’s SAC Capital Advisors LP pleaded guilty to insider trading charges three years ago and paid $1.8bn in penalties. No criminal charges were brought against Mr Cohen....
...He is since understood to have sold out of Chesapeake’s debt, but is replicating the strategy at Transocean, the offshore drilling contractor, and Micron Technology, the semiconductor producer....
...The need to conserve cash is forcing companies to cut back on drilling and completing wells, which has started to reduce US oil production....
...“There’s a compelling valuation argument around what might change,” said Stephen Anness, lead manager for the Invesco Perpetual Global Opportunities Fund, which has a big position in the stock....
...Boomtown, USA Oil companies and the businesses that support them were desperate for workers, and people flocked to North Dakota from all over the country to meet that need....
...Small and midsize companies rely heavily on debt financing but in a low-price environment they may be forced to revise their drilling plans....
...This is already happening as evidenced by recent yieldco deals and announcements: refineries (NTI, CVRR) drilling rigs (SDLP, RIGP), Jones Act tankers (KMI), work-force lodging (CVEO), solar farms (TERP,...
...Kevin Daly is Senior Investment Manager at Aberdeen Asset Management Back to beyondbrics...
...“You don’t see many billionaires who became billionaires by being LPs – but plenty who did by becoming GPs,” Mr Morley said....
...“It’s almost self-fulfilling: backwardation drives backwardation,” says Donal O’Shea, energy analyst at Hermes Fund Managers in London....
...Eric LeCompte, executive director of Jubilee USA Network, which campaigns for debt relief in poor countries, says Argentina’s default has set a precedent that could be used by holdout creditors all over...
...into life towards the end of 2013 as manufacturing activity delivered its fastest growth in almost three years, fuelling hopes that the global recovery will accelerate this year – the global purchasing managers...
...The shortage underscores how some US supplies remain vulnerable even as fossil fuel output surges with the shale drilling boom....
...Permira Advisers , Italian private-equity fund Clessidra, Italian fund FSI, Qatar Holding LL and French buyout firm Ardian…” (WSJ) “India’s Gland Pharma said on Thursday U.S. private equity firm KKR & Co LP...
International Edition