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...While the market maker’s net trading revenue in the second quarter fell 29 per cent compared with a year ago, it still paid out dividends of $500mn to shareholders including Griffin....
...“You would expect me to say this, but I think we did pay our dues in 2021 and 2022, and now we’re on the other side of that,” Wood, chief executive of Ark Investment Management, told the Financial Times....
...The group operates profitably while the majority of its sales come from consumers and small businesses, Okman said, but declined to share financial details for the company....
...The Financial Times last week asked Apollo about its billing practices after the appeals court ruling....
...UBS said the new arrangement with Apollo — which included the transfer of $8bn of senior secured financing facilities — would result in a $300mn net gain for the bank....
...Cannae’s own net asset value per share of $2.4bn, or $34 per share, is well above its trading price of $22 per share....
...Last week, it announced it had made a new loan to executive networking company World 50 and while filings show it was already a lender to the company, a person close to Barings described it as a “net new...
...In fact, by net assets it seems to be as large as the top 15. Here’s a telling Barclays chart from a great post Alex wrote last week on the ∾ cough ∾ curiously divergent marking of some BDC loans....
...At the end of January, total net inflows across all products were just below $1.5bn, with bitcoin trading at about $43,000, slightly down from $44,000 at the start of the year....
...The LCH list calculates which managers in the $4tn hedge fund industry are most successful based on the cumulative dollar profits they have made for investors, net of fees, since inception....
...Private equity dealmakers have cast a wide net across white-collar professional partnerships in recent years....
...In his absence, we have a world-class line-up of Financial Times journos, including Katie Martin on the bull case for dividends....
...Attorney-general Merrick Garland noted that Apple’s net income — which was $97bn in 2023 — “exceeds the GDP of more than 100 countries”, in large part because of the success of the iPhone....
...As part of their financial accounting, companies estimate how long assets will last in order to work out how quickly to depreciate them, impacting how much they charge against profits each year....
...Their stronger performance net of fees is even more impressive given that their charges tend to be substantially higher....
...After the financial crisis, it spent Rmb4tn (nearly 13 per cent of GDP back then) building out infrastructure....
...Grifols’ disclosed net debt at the end of June last year was €9.4bn....
...Actis executives, who have expanded the business since spinning out of the UK government’s development finance unit in 2004, are likely to net a big windfall by selling their firm....
...The filing also shows that at the end of 2022, the company had net debt of $5.8bn....
...While shares in Pershing Square Holdings were up more than 30 per cent last year, the fund still trades at a significant discount to net asset value....
...The dealmaking push also involved a myriad of complex financial engineering techniques....
...future shareholders of ARK ETFs can remain invested in disruptive innovation in a compounded fashion, without being taxed, for potentially two more years or longer,” said an Ark research note by director of financial...
...Robert Koenigsberger, founder of the Greenwich, Connecticut-based investment firm, told the Financial Times that distressed bonds of Chinese developers such as Country Garden, which currently trade at a...
...Limited partners are scrutinising the industry’s use of complex financial engineering, like margin loans and net asset value financings, to extract cash from their investments, DD’s Antoine Gara and Will...
...The one-time grants will not fully vest until 2027....
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