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...“They need to find some solution to get their capital structures amended and extended. They’ll possibly need common equity or a more bespoke piece that a firm such as HPS can offer.”...
...Lessons learned include managing “the pain of disappointment” and “celebrating wins and mourning losses for a short period of time”....
...management at Morningstar....
...Mutual funds have enabled millions to invest in the stock market since they were introduced 100 years ago, but newer, nimbler products are reshaping asset management....
...There have been enough problems at Boeing that we can say with confidence that the problems run deep, and a deep solution is needed....
...The solutions are known — the NHS has dramatically reduced waiting times before — and include focus, investment, use of private hospitals, clearer incentives and effective frontline management with stretching...
...Dimensional, which has already amassed $120bn in ETF assets under management — marking a significant proportion of its total AUM of $677bn — historically has taken pains to screen out “quick money” from...
...Sticking with the pain of speeding up settlement is worth it....
...Levin had a bold, if risky, solution: transmit HBO’s signal by satellite, something no TV network had done....
...“It is a real short-term opportunity, but the pain comes at the absolute worst time,” said one private equity executive....
...It’s not a solution, but this isn’t about ending the Treasury basis trade altogether....
...“We’ve almost certainly got the ratio wrong, not helped by the fact that there are a lot of people who sell data solutions as though they’re the answer to everything,” he adds....
...Although the withdrawals add up to roughly 0.1 per cent of BlackRock’s assets under management, Fink was at pains to stress he’s no eco-fanatic. Instead, he’s urging “energy pragmatism”....
...That spring it raised about $2bn from investors, including in the Middle East and Asia, who had attributed the drawdown to growing pains....
...“GMO has always been committed to offering innovative investment solutions in the structures that best suit our clients,” a GMO spokesperson said....
...Selling the shoes would be too damaging to the Adidas brand, while destroying them would have triggered more financial pain, as well as being environmentally questionable....
...The pain is only starting to set in....
...When problems do arise, locked-up capital means that the pain is more contained....
...It also borrowed against its management company two years ago to raise $930mn, most of which was to invest in future funds, the FT previously reported....
...A $504mn writedown on home improvement lender GreenSky in the second quarter, which it bought in 2021 for $2.2bn but is already in the process of selling, has added to the pain....
...“Punching inanimate objects is probably not the long, slower erosion type of pain, but more of a fiery kind of pain,” says Asness. “I didn’t hit things during the tech bubble either.”...
...A little-known Brazilian asset manager has come up with a novel solution that might see it elbow in front of much larger rivals such as BlackRock and Ark to gain approval for the first US spot bitcoin exchange...
...Few management books now advocate feeling miserable, and much of Abdaal’s advice is well worn....
...Effron and Pruzan also earn a management fee to run the firm....
...The takeover marked the culmination of a decade of stress, sleep deprivation and, at times, physical pain, he told the FT’s Tim Bradshaw....
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