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...Apollo Global Management improperly agreed to pay $570mn to cover the tax bills of its top executives as part of a shake-up aimed at distancing the private equity firm from its scandal-plagued founder Leon...
...“The demise of Credit Suisse is just a recent reminder of the risks of relying solely on banks to secure access to such strategies....
...HPS was founded in 2007 as a division of Highbridge, JPMorgan Asset Management’s hedge fund unit, and was spun off in 2016....
...The two firms held discussions in early 2020 after Schonfeld suffered a 16 per cent loss during the coronavirus-induced market rout and was asked to put up more collateral by its prime brokers....
...“Innocent seafarers should never become collateral victims.” Additional reporting by Felicia Schwartz in Washington...
...His brief is to work with the current management team “to achieve continued sales and profit growth”, the company said in a statement on Monday....
...“If you buy Turkish sovereign and corporate bonds, you probably get no collateral,” he said, adding that yields were roughly 8 per cent....
...Peltz abandoned an attempt to secure a single Disney board seat in February last year after Iger initiated a series of cost cuts and pledged to reinstate a dividend....
...Governments and private sector must work tighter to secure energy transition, says BlackRock Governments and the private sector must work together to achieve the scale of investment that’s needed for the...
...But being the lender to real estate folks is better in this rate environment and you get the property as collateral.”...
...Secure your seat now at crypto.live.ft.com....
...An appeals court reduced the amount of the bond to $175mn after Trump’s lawyers claimed it would be “impossible” to secure a bond for the full amount of the judgment....
...Instead of an annual management fee, the manager passes on all costs to their end investors....
...It borrowed against all of its shares in Bumble to secure a $860mn loan from Citibank after the dating app’s 2021 initial public offering....
...But that is modest relative to the $8.4bn in cash that sits on Blackstone’s balance sheet and its more than $6bn in annual management fees....
...Their collateral — ie mostly cash US Treasuries — would get liquidated....
...The New York-based firm’s flagship hedge fund was down about 16 per cent and its prime brokers were asking it to put up more collateral, according to three people with direct knowledge of the matter....
...Siddiqui was previously an executive at Apollo Global Management as detailed in a 2019 FT Big Read....
...The Barclay family is still trying to secure its own investment from the Middle East to help buy back the newspaper group, which could fetch more than £500mn in the auction....
...Previously, lack of collateral would lead to exclusion from the financial system....
...But they can also be risky because a large share price fall can trigger a collateral call, something buyout firms are not well set up to deal with....
...Elliott Management’s head of investment stewardship Christine O’Brien is leaving the firm, Reuters reports. Barclays has lost three senior investment bankers to Jefferies Group, per Bloomberg....
...Both sides agree that he paid millions of dollars over several years as part of an agreement to secure her silence over the relationship....
...There is a little more evidence that smaller companies with intangible capital face some financing constraints because they lack the collateral needed to secure loans....
...She has put up her Miami Beach apartment to secure a $2mn bond imposed by the court in exchange for her release from custody....
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