Hints and tips:
...Edwin Conway, who previously ran alts, will lead a new unit focused on private equity, infrastructure, real estate and climate investing....
...the CEO title at US private equity firm Carlyle, a position that has sat empty since his predecessor, Kewsong Lee, lost a bitter power struggle with the group’s co-founders, David Rubenstein and William Conway...
...He joins from Conway MacKenzie where he worked as a managing director in private fund services....
...Carlos Abadi is managing director of DecisionBoundaries, LLC, a New York-based international financial advisory firm....
...The benchmark PSI 20 stock index rallied on Monday by 1.8 per cent, reaching the highest point since late July....
...Clip courtesy of Zoco Productions, LLC....
...They donated millions of dollars to Mr Trump and, crucially, helped install Kellyanne Conway and Mr Bannon after a rocky August, when the Trump campaign was in danger of going off the rails....
...Earnings per share of 98 cents beat analyst estimates of about 20 cents....
...If a return to declining sales was not enough, Muriel Conway, one of the group’s former designers, this week took a seam ripper to M&S’s offerings, declaring that the ugliness makes her weep....
...Shorting the PSI 20 stock index (down 25.6 per cent), while buying 10-year Portuguese bonds (up 34 per cent, best in Europe) made 75.4 per cent....
...436bps: While in Greece, 10-year government bond yields (that’s the 2023 bond of the PSI package) continued to spike to over 26 per cent, bringing the spread at the close to some 2480bps: Not much commentary...
...Whatever the outcome of negotiations in the run up to March, there is little doubt among many bond investors about the worth of the PSI process....
...Greece must get nearly all of the owners of the €206bn of debt to take part in the PSI or debt swap in order to start receiving the €130bn of rescue funds....
...Just two hedge funds have been actively involved in the current PSI discussions between creditors and the Greek government – Marathon and Greylock Capital – and both are pushing for a “voluntary” agreement...
...Lex: Greece, unpicking debt deal is a non-starter Until recently, PSI was banker shorthand for price sensitive information, writes Lex....
...Carlyle’s three founders, Daniel D’Aniello, William Conway and David Rubenstein, who will stay on respectively as chairman and co-chief executives, will not be selling any units in the offering....
...Mr Conway faces up to 20 years in prison, followed by 3 years of supervised release and a possible $250,000 fine....
...“We have a great corporate governance advantage,” says Kevin Conway, managing partner at Clayton, Dubilier & Rice, the buy-out firm....
...Bill Conway, Carlyle's master deal maker and one its founders, has provided a commitment to the group's investors that he will remain in place until the investment phase of the buy-out fund it is currently...
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