Hints and tips:
...“Tax reform has helped, but even without it, there was enough momentum for earnings to grow in the double digits,” says Krishna Memani, chief investment officer at OppenheimerFunds....
...On Wednesday, rival Panmure Gordon announced it has exchanged contracts to acquire the troubled City stockbroker’s investment banking division....
...Pramerica Investment Management is also planning to raise a similarly sized CLO in Europe with Barclays....
...In a letter to Indian Hotels vice-chairman Krishna Kumar, Mr Lovejoy said the offer did not reflect the value inherent in Orient-Express’s assets....
...Taking the toxic commercial assets off Lehman’s books would make the investment bank more attractive to potential bidders....
...“Much of the money lost has been held by people who held AAA securities [that were downgraded],” points out Wes Edens, head of Fortress Investment Group, a big hedge fund....
...“Traditional investors have become a little bit skittish,” said one investment banker who advises on hedge fund and private equity IPOs....
International Edition