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...Longevity master Edward Thorp, the legendary hedge fund manager who mastered besting casinos, is now 91 and taking on his next challenge: beating ageing, Bloomberg reports....
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...His overtures to private equity, private credit and hedge funds rarely got beyond the first meal. Often the cultures or business models clashed....
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...Fink and Ogunlesi have known each other since both were at Credit Suisse in the 1980s....
...The flagship Directional Opportunities hedge fund that he runs, which has roughly $1.5bn in assets, will spin out into a new firm that he will personally manage....
...She met her husband, who now runs an investment fund, at the bank: they bonded while eating pad Thai and watching American Idol in work conference rooms....
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...“CVR Energy is a cash cow,” said Nick Moglia, a credit analyst with CreditSights....
...But interest rates rose sharply after that, and the asset — which KKR had acquired via its private credit unit — became relatively less attractive....
...Musicians saw their opportunity, too, with artists like Stevie Nicks and Shakira taking advantage of the bullish mood to sell their life’s work at eye-watering prices....
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...A lot of the returns will come from sourcing really good opportunities and then the operational improvements.”...
...Officially, it was an opportunity for Carlyle’s growing diaspora to congregate before the holidays....
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