Hints and tips:
Related Special Reports
...Hedge funds including Third Point, Makuria Investment Management and Odey Asset Management have reaped a windfall from coal’s renaissance as they embrace a fossil fuel that many investors have shunned in...
...Your investigation into the Peabody Trust housing association’s mismanagement of its 104,000 properties points to a historic policy failure (The Big Read, March 16)....
...Charles Peabody of Portales Partners disagrees with Kelly....
...Many Peabody residents describe the painstaking process of tracking down cost breakdowns and receipts, which they believe are often passed on directly from management companies unchecked....
...Peabody’s management team said in response to the panel that it took the recommendations “extremely seriously” and would attempt to implement most of them....
...As Charles Peabody of Portales Partners put it to me, SVB was killed by “a combination of poor management and illiquidity . . . no one survives $42bn in withdrawals in one day....
...Total debt-to-ebitda fell correspondingly, to just 1.2 times at the company, in which Elliott Management is the largest shareholder with a 19 per cent stake....
...“He was a legendary investor himself,” said Dixon Boardman, chief executive of Optima Asset Management, who worked with Robertson at broker Kidder, Peabody & Co about 45 years ago before Robertson founded...
...The trouble with such earnings management is that it can lead to self deception....
...Almost 200 hedge fund firms can trace their origins back to Tiger Management, including Bill Hwang’s Archegos Capital Management, which blew up spectacularly in 2021....
...Goldman accused of breaching coal pledge with Peabody deal The Wall Street bank is under fire from environmentalists over a $150mn loan to Peabody Energy, the world’s biggest private sector coal producer...
...For Ressler, it was one of his last deals before leaving Apollo and creating Ares Management, the investment giant with more than $300bn in assets that has made him a billionaire....
...Elliott, to great controversy, has deployed the preferred stock manoeuvre in other bankruptcies including those of Peabody Energy and Caesars Entertainment....
...Security costs were wrongly apportioned between retail and residential units, while the management fee charged to leaseholders was incorrectly calculated for several years....
...Earnings Apollo Global Management is expected to report a net profit of $509.8mn in the fourth quarter, according to the median forecast among analysts surveyed by Refinitiv....
...Take Ellington, one of the oldest and biggest dedicated credit hedge funds, having been set up in 1994 by Michael Vranos, a former superstar mortgage bond trader at Kidder Peabody....
...“When we did Kidder Peabody, it was an X-ray machine,” Rob Goldstein, a senior BlackRock executive, once told the FT....
...St Louis-based Peabody shed $5.2bn in debt while in bankruptcy court in 2016-17, leaving hedge fund Elliott Management, a former debt holder, as its largest shareholder....
...Harry Theoharis, Greece’s tourism minister, recently expressed optimism for “a better year than last year” but admitted “bookings are depressed”....
...“No shop in the history of investment management has produced more phenomenal people,” said Dixon Boardman, chief executive of Optima Asset Management, who worked with Robertson at broker Kidder, Peabody...
...Morgan Stanley’s wealth management business is a stabiliser, too (Wells Fargo is a whole different conversation)....
...“The recovery has obviously been outstanding, almost beyond belief,” says Henry Peabody, a portfolio manager at MFS Investment Management....
...“We are still going to have to bridge through to mid-year next year,” said Henry Peabody, a portfolio manager at MFS Investment Management....
...The activist hedge fund Elliott Management, a former debt holder, gained the largest equity stake in the company and now owns about 30 per cent....
...Mr Healey held several non-profit board positions, including serving as co-chairman on the board of trustees of the Peabody Essex Museum and a member of the Council on Foreign Relations, the Visiting Committee...
International Edition