Hints and tips:
...Its new fund — known as Strategic Investment Partners V — plans to buy risky debt, including junior loans and convertible bonds, as well as preferred stock....
...One scoop to start: GAM is scrambling to find a buyer ahead of results it has delayed by two months, five years after a scandal over private debt holdings that led to fines, the resignation of the investment...
...This exhibition at the V&A invites us into the opulent world of master goldsmith Carl Fabergé and his London clientele....
...Moelis & Company has recruited James Nichols as managing director, based in London. He joins in February from DC Advisory....
...Rob Nichol, chief executive of the players association, told the FT that the mediation efforts are on hold while the body consulted its members....
...Meanwhile, a boom in first-quarter trading revenues for investment banks will probably only provide a short-term fillip....
...Causeway Capital Management LLC, the LA hedge fund, has declared 4.88 per cent of Micro Focus....
...A 2009 Supreme Court case involving prescription drug labels, Wyeth v Levine, greenlighted state laws that are stricter than federal laws....
...Dell’s holding company, Denali, has set up a capital stock committee, made up of independent directors, to review any changes to the shares in future....
...Trilantic V North America is the company’s first fund after rising from the ashes of Lehman’s merchant banking unit four years ago....
...Francisco’s latest bid of 110p has been recommended by the board of Kewill and backed by shareholders holding 24.9 per cent of Kewill’s shares....
...It reminds us of Texas Competitive Electric Holdings Company LLC (TCEH) in 2011....
...TPG’s fund V, the people familiar with it say, is still being hampered by losses on holdings including Energy Future Holdings, the former TXU....
...Abdulrahman al-Saleh, director-general of the department of finance, said that the holding company could sell some of its foreign investments and real estate holdings, which include the QE2 cruise liner...
...And so this bank holding company act is protecting the banking system....
...In case you missed these stories: - Goldman to buy discounted private equity holdings Goldman Sachs has raised $5.5bn for its Vintage V fund to buy discounted private equity holdings – the largest fund...
...If those packages of debt turn bad – or even worse than they had already been reckoned to be – that would hit the investors that are holding them hard....
...Best regards, Andrew Lahde, CFA Portfolio Manager Lahde Capital Management, LLC...
...JPMorgan is left holding the bag on $70bn in hung LBO bridge loans; the firm’s stock price has swooned from $53 per share at the start of summer to about $46 per share....
...“Historically, there has not been an investment banking [sponsorship] category,” he said....
...The prince, who has large holdings in Citigroup, News Corporation and Euro Disney, will not sell any of his KHI shares in the IPO. Funds raised will be used to continue KHI’s expansion. Sarmad N....
...One such investment company, Dubai International Capital (DIC), the international investment arm of Dubai Holding that is owned by Dubai Crown Prince Sheikh Mohammed bin Rashid al-Maktoum, was only established...
...The ring-fencing of the cash flow gave the issue an investment grade credit rating of Baa3 by Moody’s Investors Service....
...And before that he worked with the Versaces as chief executive of IT Holdings, the company that produces their licences for Versace Jeans Couture and Versus....
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