Hints and tips:
...But as he nears retirement, he is still looking for a large deal to seal his legacy, Reuters Breakingviews writes....
...The deals are privately negotiated and can take months to arrange but investors are expecting a surge in the next few months....
...Rolls-Royce has hired BP veteran Nicola Grady-Smith as chief transformation officer....
...As investors manage exposure to traditional private equity funds, it has spotted an opportunity it can’t pass up....
...In a move seeking to assuage investors that perceive the investment bank’s earnings as more volatile than its Wall Street peers, Goldman is buying NextCapital — a robo-adviser that specialises in retirement...
...Announcing his retirement in August, Mr Goodman delivered a message of continuity, heaping praise on his successor Dwight Scott and vowing to stay on as chairman....
...Smith & Nephew goes up to “overweight” at Morgan Stanley. A V-shaped recovery in kneecaps isn’t in the price, they say....
...The 62-year-old executive founded GSO with Tripp Smith and Doug Ostrover in 2005....
...He will focus on investor engagement....
...Against the general trend, yesterday Ferrari confidently guided to a V-shaped recovery in its P&L from H2/20....
...Sitting on cash isn’t going to deliver the kinds of returns investors in private equity have become used to....
...(FT) Boomers v millennials investing challenge The millennials have come of age, but their impact on stock market returns is only beginning....
...Kevin Foley has been appointed JPMorgan Chase’s head of leveraged finance capital markets for Emea, following Kristian Orssten’s retirement....
...In Orange County, Bill Gross announced his retirement from bond fund management, capping it off with a wild “Lunch with the FT”....
...The FT’s Mark Vandevelde and Robert Smith broke news of Goodman’s sweetened package on Tuesday....
...Until our story, the exit had been characterised as a “retirement”, despite the protestations of a highly paid spinner in Manhattan trying to cover-up the real story....
...Or have a few months of life’s more leisurely pursuits given him a taste for actual retirement?...
...As pension plan providers pump billions of dollars into direct lending funds, people’s retirement savings are now directly exposed to this riskier form of private lending for the first time....
...“Carlyle is going about it sensibly, without taking away from the firm the founders’ clout and influence with big investor institutions,” says Mr Smith, a Goldman Sachs partner before he went into academia...
...Blackstone’s fund, Europe Real Estate Investors V, will target the same returns as its previous one launched in 2014 — a 20 per cent gross internal rate of return, or 15 per cent net of fees....
...I look forward to supporting Warren and the team . . . until my retirement”....
...Smiths declined to comment....
...“When you get to fund six, seven, eight, that’s when it really starts to bite,” Mr Smith says....
...While some investors welcome family oversight, concerns about governance have long dragged on the South Korean stock market....
...The net internal rate of return for investors who wrote cheques for TPG V over the period is 5 per cent, while the gross multiple on invested capital is negative as of June 30....
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