Hints and tips:
...The group has revved up its activity with a flurry of large deals, including the acquisitions of a utility company in Indiana, the dog walking app Rover and a large portfolio of bank loans from US financial...
...Harbour’s oil and gas production will rise from about 190,000 barrels a day to more than 500,000 b/d when the deal completes....
...We’ll buy more assets and we’re going to fight tooth and nail to prevent the Paris climate agreement’s achievement,’” said Mark van Baal of Follow This, a Dutch shareholder activist group....
...The Permian produces about 5.8mn barrels of oil a day, out of about 13mn b/d in total US oil production....
...In total, the group will now produce almost 6mn b/d less than it could in the first quarter of 2024....
...But he does think investors such as Apollo could be a better home for its lending activities. Blackstone, KKR, Ares Management and Carlyle Group are also examining SVB’s loans portfolios....
...The company, Plan D LLC, owned a Gulfstream jet. In court papers reviewed by the FT, the US Virgin Islands government cites flight logs showing that the plane transported underage girls....
...Smart reads Playing the field The concept of fund-of-hedge funds is appealing in theory: rounding up the finest hedge fund managers and combining them into a high-returning portfolio....
...As many as 80 per cent of the portfolio companies sold last year by the funds he’d backed were sold either to other buyout groups or to continuation funds, and this was “not good business”, he said....
...Robert Cohen, a portfolio manager at asset manager DoubleLine Capital, said the rapid shift in expectations around the Fed was “driving everything” in the market....
...Tiger has led a review of its portfolio that yielded cutting pandemic winners such as Zoom, DocuSign, DoorDash and Peloton, which have fuelled a sharp drawdown from the former $90bn-in-assets firm’s peak...
...PLL chief executive Michael Rabil said: “They partner with their portfolio companies and sellers in a deeper [and] more dedicated way than I’ve seen [with] other merchant bankers.”...
...Binance plans to take a $200mn stake in US business media group Forbes, which it once sued for defamation, as the century-old publisher aims to go public via a special purpose acquisition company....
...was coming from acquisitions....
...The acquisition marks the boldest move so far by Abrdn’s Stephen Bird since he took over as chief executive just over a year ago....
...the 7-8mn b/d of crude and refined products that Russia exports....
...She’d be talking to me and very often she’d have a telephone call as well.” He recalls attending a party that Peter was throwing for employees in Mumbai, while Urrshila stayed at the office....
...financial structures that allow buyout groups to sell their portfolio companies, essentially, to themselves....
...The kingdom has already announced plans to boost its output capabilities to 13m barrels a day from 12m b/d....
...Quantum’s portfolio companies boosted total output by a quarter to 500,000 b/d by December, according to the consultancy Rystad Energy....
...At $65/b or more, which some analysts expect by the summer, the sector will generate huge free cash flow and add more than 1.5m b/d. The problem with that scenario?...
...US oil production is likely to fall by 200,000-300,000 b/d as a result, he believes, remaining around 11m b/d — well below the record highs set before last year’s crash....
...Supply curbs of 9.7m barrels a day were agreed in April and have since been reduced to 7.7m b/d....
...A number of AV Telegram group chats are also available....
...At this point we’d like to remind DD readers of the golden rule of structured finance: if the product has a vague adjective in front of it, it's almost always a euphemism for “lower quality”....
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