Hints and tips:
...Five unmissable stories this week Private equity, venture capital and hedge fund groups are preparing to spend billions of dollars on compliance and legal advice as they cope with the biggest regulatory...
...Specialist funds, music labels and private equity groups have been avid buyers as they look to invest in old bodies of work that have boomed in value....
...The move also comes amid a broader rethink in the sector of the old conglomerate model, with insurers such as London and Hong Kong-listed Prudential choosing to break up sprawling groups into local units...
...A version of this article was first published by Nikkei Asia on July 19. ©2022 Nikkei Inc. All rights reserved....
...Bad education A global group of elite international private schools cater to the future-Davos crowd....
...Two years ago Voya sold its annuity business to a consortium led by private equity group Apollo....
...The duelling private equity groups had by now gathered critical allies....
...Fellow insurance titans MetLife and Prudential Plc have in recent years announced their own substantial break-ups....
...Toronto-based Brookfield, the second-biggest group, saw its property assets rise just under a tenth to €180bn, while PGIM, the investment arm of US insurer Prudential Financial, maintained third place after...
...Its desperate need for cash has led it to hold talks with private equity groups to inject equity, including turnround groups Centerbridge Partners Europe and TowerBrook Capital, the latter fresh from snapping...
...There is no obvious reason to funnel money to equity investors.”...
...A year ago, when US private equity group Carlyle began its search for investors in its fourth Japan fund, demand was buoyant....
...Big private equity groups have reported a stunning return to moneymaking form since the end of March, when the pandemic unleashed torrents of red ink that often ran into 10-figures....
...Most investors would expect a premium from private equity, in exchange for its illiquidity....
...And now a fifth expect a “V-shaped” economic recovery, up from a 10th in the previous month....
...Today’s early rally seems to be fading a bit, having always been easier to attribute to net underweight equities positioning than curve-flattening V-shaped optimism....
...Smaller UK groups with a niche focus, such as equity boutique Liontrust, emerging markets specialist Ashmore and sustainability-focused Impax Asset Management, have emerged better than others....
...JPMorgan is widely thought to be the stoutest of the group. It reported earnings on Tuesday....
...But stock pickers still control about four-fifths of world equities. Besides, there is no reason to believe equity pricing would seize up, even if active managers owned far less....
...equity as currency be a driver?...
...On the last Sunday of April 2019, a sleek Gulfstream V jet belonging to Occidental Petroleum touched down at Omaha airport....
...Big investors in Greek debt, which include asset managers like Capital Group, Carmignac and Prudential Financial, have done well, with holders of the 10-year benchmark making a total return for the year...
...Voya’s future as an independent group is uncertain as discussions about a possible sale were held late last year with a number of potential acquirers including AIG, Principal Financial and Prudential Financial...
...Equities: -5% and -20% in intermediate and pandemic scenarios, respectively If the virus can be contained, global equities should make new stimulus-powered highs by end-2020....
...WPP will also reduce is planned capex from £400m to v£300m....
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