Hints and tips:
...Moelis has hired Robert Mendelson as a managing director focused on credit investment institutions and platforms. He joins from Venor Capital Management....
...But, of course, there’s a reason why it’s widely called Shitibank; the sprawling, gormless Citi has for a v v v very long time proven adept at blithely ambling onto various rakes around the world....
...It limits credit risk and is available on the exchange.”...
...The prime minister’s decisive response to the Ukraine crisis, including immediately arming Kyiv, has earned him rare credit abroad. Volodymyr Zelenskyy on Thursday called him “a hero”....
...Let us know what you think at imani.moise@ft.com and sid.v@ft.com. A programming note: FintechFT will take a one-week break in observance of the Easter holiday. The next issue will be April 25....
...Latham & Watkins has hired Scott Miller as a private equity and M&A partner in Houston and Susan Yoon Parker as a private equity and banking partner in Boston....
...Oak Hill has $53bn in assets under management across private, distressed, special situations, liquid, structured credit, and real asset strategies....
...This concentration means active management is more valuable, Stromberg said....
...It’s a tall order for a company about which Credit Suisse analysts wrote in 2018: “Organic growth is not Kraft Heinz’ expertise.”...
...Credit markets also tallied losses, with a closely followed fund that buys junk bonds, known by its ticker HYG, declining 0.7 per cent....
...The company is also likely to reveal more details about its content pipeline during an analyst call with senior management....
...“I don’t think he directly wants that but he is running a purposeful strategy of people v parliament. This is the result....
...On the last Sunday of April 2019, a sleek Gulfstream V jet belonging to Occidental Petroleum touched down at Omaha airport....
...Xerox wants to give HP’s board its walking papers We’re all guilty of overusing the David v Goliath trope but in the case of Xerox and HP, it really does apply....
...In addition, high liquidity headroom gives management the option to pursue any countercyclical and value-accretive acquisition....
...WPP will also reduce is planned capex from £400m to v£300m....
...The four new hires were announced by Nat Zilkha, the KKR head of alternative credit who will serve as Gibson’s chairman....
...He orchestrated a management shake-up last year, resuming the role of company president, a position he had relinquished in 2015....
...The Allianz-controlled company is one of the world’s biggest trade credit insurers....
...Credit Suisse was the sole underwriter of the Social Capital flotation. Shares were allocated to a concentrated group of investors, including mutual funds, hedge funds and sovereign wealth funds....
...The active management of legacy fleet costs is a really big thing....
...“Does the company remain committed to debt reduction or move back to a more growth-focused approach,” said Liam Fitzpatrick, analyst at Credit Suisse....
...John Rogers, credit analyst at Moody’s, called the results “not great” and said prospects for another year of large crops meant continued pressure....
...Although prisons will remain publicly owned, management will be given freedom to set the prison budget and whether to opt out of national contracts....
...Three smaller deals which priced in 2016 — Paragon Commercial, Midland State and Argentina’s Grupo Supervielle — are all up....
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