Hints and tips:
...Abrdn has tried to slash expenses to boost its share price and return the asset manager to profitability under Stephen Bird, who has been chief executive since 2020....
...The consulting business could then be floated on the stock market at a later date, according to the letter, which was seen by the Financial Times....
...It also delayed raising money for BXPE, the Financial Times previously reported....
...Credit Suisse last month reported a SFr7.3bn loss for 2022, its second consecutive annual loss and biggest since the global financial crisis....
...Its deal is the biggest private equity investment in the sector so far, and the firm’s retired partners are not pleased, the FT’s Stephen Foley reports....
...Stephen Schwarzman’s income from Blackstone Group fell below $1bn in 2023, a decline of more than 30 per cent from the previous year, as a slowdown in dealmaking made it harder for the world’s largest private...
...TPG has invested in partnerships such as talent agency Creative Artists Agency and registered investment adviser LPL Financial in recent years, and last year it made an unsuccessful pitch to buy into in...
...Blackstone merged its credit and insurance investment operations in September in preparation for a push into asset-backed lending markets, Gray and co-founder Stephen Schwarzman have told shareholders....
...The financial results and optimism about the investment landscape from Gray and chief executive Stephen Schwarzman on the conference call helped to push Blackstone shares 2.4 per cent higher on Thursday....
...“We really see real estate bottoming from a valuation standpoint,” Gray told the Financial Times last month....
...In February, Rishi Sunak posed for photos beside Blackstone founder Stephen Schwarzman at the groundbreaking ceremony for the private equity giant’s new European headquarters in London....
...The Financial Times reported in December that KKR was looking at cashing out its music investment after receiving approaches. “They’ve obviously made a return on it....
...It created a so-called Blackstone University to provide educational materials to investors and their financial advisers....
...Job moves Moelis has hired Stephen Trauber as chair and global head of energy and clean technology. He was previously at Citigroup....
...Chief executive Stephen Schwarzman recently said corporate lending now yields returns in the low-teens or more, earning big profits without much effort. Blackstone has pivoted hard to credit investing....
...T V Narendran, Tata Steel’s chief executive, told the Financial Times the status quo was “not sustainable”....
Warburg Pincus and Centerbridge to invest $400mn in newly issued equity
...The Financial Times on Tuesday revealed the details of the approach, which offered to revive the break-up plan, codenamed Project Everest, in a revised form....
...Blackstone’s leaders Stephen Schwarzman and Jonathan Gray have been tantalised by the opportunity to sell Blackstone products to “retail” investors with almost no exposure to private markets....
...More than nine months after US regulators blocked its sale to Penguin Random House, the publishing house behind blockbuster authors such as Colleen Hoover and Stephen King is the subject of new dealmaking...
...In an indictment unsealed on Thursday, federal prosecutors said 26-year-old New Yorker Anthony Viggiano had passed on material non-public information to co-defendant Stephen Forlano....
...I don’t remember Stephen Schwarzman going on such a broad media tour ever before, but the universe of clients is now far more broad and it involves a different approach,” said the banker....
...Blackstone founder and chair Stephen Schwarzman said last month that double-digit returns could be made lending to some companies “with almost no prospect of loss”, the Financial Times reported....
...Jefferies Financial Group has hired Barclays’ Chad Parker as global head of transportation, based in New York, Bloomberg reports....
...Blackstone chief executive Stephen Schwarzman and his team will need to look to similar retail investors....
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