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..., one of the largest buyout funds of all time....
...Blackstone has hired Dan Leiter as international head of the firm’s credit and insurance business. He previously worked for Morgan Stanley....
...Earlier this week, Knight Insurance Group, one of more than a handful of companies that make up Hankey’s financial empire, put up a $175mn bond for Donald Trump, an amount the former president had to post...
...The Trust essentially retained ownership of the account and could withdraw funds at any time, James’s office added....
...News round-up Apollo, Carlyle and KKR weigh bids for Pension Insurance Corporation (FT) US fund Corvex urges Entain to turn around ‘unacceptable’ performance (FT) Campari buys Courvoisier Cognac from...
...(To simplify a bit: Fed funds futures markets imply one to two rate cuts this year, or possibly one 50bp cut.)...
...“All EU regulators are really down on PE fund owners right now,” one insurance executive told the FT....
...Among them were Canadian pension fund Ontario Municipal Employees Retirement System, as well as the Abu Dhabi and Chinese sovereign wealth funds....
...Can Blackstone’s property fund sustain juicy payouts?...
...Regulators require insurance companies to keep plenty of rainy day funds aside for any premiums written. For example, M&G has entered the bulk annuities market with two smallish deals worth £620mn....
...“The annuity is an insurance policy against outliving one’s assets,” said Brendan Curran, SSGA’s US head of defined contribution....
...Over the next 16 years, he spearheaded a string of deals, buying brokerage EF Hutton, investment bank Lehman Brothers, insurance firm Fireman’s Fund and other businesses that turned the charge-card company...
...But they pose a threat to his business empire and could land him in prison. The cases are also affecting his campaign finances: pro-Trump groups spent $52mn on legal fees in 2023....
...(WSJ) Nato is planning a $100bn “Trump-proof” defence fund for Ukraine as the Republican frontrunner continues to oppose more direct aid for Kyiv....
...Roman: You have a stronger bank, and if we know what we are doing, you have higher expected returns for many people who have money in a pension plan, or a mutual fund, or for an insurance company....
...And one thing to start: Tiger Global has raised $2.2bn for its latest venture capital fund, roughly a third of the $6bn target it touted to investors when it first announced the fund in 2022....
...AI empire Blackstone is building a $25bn empire of data centres in a bet on the artificial intelligence boom, Bloomberg reports....
...A series of honours goes to individuals who have donated funds to the Conservative party, a trend that has sparked allegations of cronyism in the past....
...Trump would say he was even wealthier than the insurance companies, and suggest that he might self-fund his insurance — unless they could provide a compelling offer, Cohen said....
...“Behind it all, whoever is making the decisions, thinks that all of these companies are very lowly valued, so they think there is a bit of insurance in whatever they do from having stocks that have gone...
...On Wednesday, insurance brokerage Aon struck a deal to acquire NFP, a private equity-backed midsized property and casualty broker, for $13.4bn....
...has left lenders scrambling to recover what funds they can from the group....
...Arnault is a meticulous operator, keeping a close grip on the running of his empire, which spans some 75 brands from hotels to high fashion and jewellery....
...That has fuelled Blackstone’s rise to become one of the largest corporate lenders in the world and a manager of insurance assets that cover obligations decades away....
...A deposit insurance fund paid for by FDIC member banks, for now, will make all depositors at SVB and Signature banks whole....
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