Hints and tips:
Related Special Reports
...The sale of a majority stake to New Mountain represents the biggest private equity deal in the sector....
...Large private property trusts similar to Breit managed by investment groups, including Starwood Capital and Brookfield, also reported cash flows falling short of distributions in 2023, filings show....
...Purchases totalled £948mn last year, down 28 per cent from 2022’s record high of £1.3bn, according to data from the Association of Investment Companies, a trust industry body....
...Investment trusts make up 27 per cent of the companies in the FTSE 350 index....
...Companies....
...Hot wheels As it gains momentum in both domestic and overseas markets, BYD could surpass Nissan in overall sales in the fourth quarter of this year, write Nikkei’s Shoya Okinaga, Sei Matsumoto and Miho...
...OpenAI is a private company. But the revolutionary nature of its products makes it a public concern....
...It has also faced criticism over its allocations to private companies, which began in 2012 and contributed to a boardroom bust-up last year....
...While bids for Direct Line and Currys have fallen away, interest in UK companies from international investors, private equity and trade buyers is expected to continue, offering a short-term fillip for investors...
...But if the Baillie Gifford-managed investment trust was so concerned about share price-NAV discounts, perhaps the better move would have been to mark down the value of its huge private company holdings to...
...The trust has delivered annualised returns of 14.1 per cent over the past decade. It is an investor across the private equity spectrum, from venture capital to large buyout groups....
...companies....
...Its £1bn investment trust also had a tough 2023, with the trust’s managers noting that last year was “the worst in the history of Ruffer Investment Company”....
...This was followed by $1.3bn in debt financing from Apollo Global Management to fund purchases of shares by a new employee trust....
...He points out that some trusts are mandated to pay a dividend partly from capital, enabling them to invest in more growth-focused areas, such as biotechnology or private equity....
...The banker exploited the trust put in him by his client, the authorities claimed, and stole the money outright, as well as making associates, family and friends large loans from it....
...Unlike a unit trust, an investment trust has a company structure and is quoted on the London Stock Exchange....
...One adviser to private capital groups said the Eurovita episode meant it was “one step forward, three steps back” for private equity’s standing with regulators after years of trust-building....
...Investment trusts are publicly listed companies, with four of them, including the £12.1bn Scottish Mortgage Investment Trust, in the FTSE 100....
...There are more stakeholders to placate but there are fewer people you can trust to resolve problems....
We’d like to speak to couples who have considered signing a prenuptial agreement or deed of trust
...“If you do that, you will, in the end, lose trust and lose your reason to be there.”...
...Hedge fund Muddy Waters on Wednesday revealed a bet against a publicly listed real estate investment trust managed by private equity giant Blackstone....
...Hedge fund short seller Muddy Waters on Wednesday revealed a short bet against a New York-listed mortgage trust managed by Blackstone, the private equity giant....
International Edition