Hints and tips:
...“It’s true to say that investors would generally expect lower-risk portfolios to perform relatively better when markets are performing badly,” said James Norton, head of financial planners at Vanguard UK...
...The PIF talks are ongoing but the tour’s hand has been strengthened by an infusion of capital and sporting expertise....
...Pension funds are piling into UK corporate bonds, encouraging some French and German companies to issue sterling debt for the first time....
...Private credit co-heads James Reynolds and Kevin Sterling have also been named global head of direct lending and global head of investment-grade private credit and asset finance, respectively....
...equity does deals in the ‘magic circle’ Earlier this month, the partners at UK “magic circle” law firm Allen & Overy voted through one of the industry’s largest-ever tie-ups with New York’s Shearman & Sterling...
...On Sunday, partners at the London-based firm and former US heavyweight Shearman & Sterling were given just hours’ notice to join calls to learn that their top ranks had been quietly brokering a $3.4bn megamerger...
...So that’s the firm’s flagship Odey European Inc fund and the OEI Mac funds. Marc Filippino Emma says Odey Asset Management has also been in discussions with other firms....
...Shearman & Sterling partners Kris Ferranti and Jonathan Newman have joined Clifford Chance’s US real estate practice in New York....
...The S&P 500 index was back on form with a sterling total return approaching 10 per cent, European equities surged and even Japanese shares enjoyed rich gains after a long stint in the doldrums....
...A version of this article was first published by Nikkei Asia on July 4. ©2023 Nikkei Inc. All rights reserved....
...Some of the fund’s investments attracted attention after the taxpayer became an owner in companies as varied as Bolton Wanderers Football Club to sex party planner Killing Kittens....
...The investment manager’s US subsidiary, Abrdn Inc, also struck a deal with Tekla Capital Management to acquire four US-listed healthcare and biotech trusts, with $3bn of assets....
...The IIF’s projections about sterling have been equally prescient....
...Silicon Valley outfit Cooley, Stroock & Stroock & Lavan, Goodwin Procter, Davis Wright Tremaine and Shearman & Sterling have all made job cuts....
...venture capital firm for start-ups....
...The FT’s Antoine Gara — who does absolutely sterling work in this area — has written about the news here in a more legible way without the PR flimflam....
...“There was no pedagogical intention behind them, no creativity,” says the Swiss political scientist and urban planner Gabriela Burkhalter....
...It feels like something is broken but it’s not,” said James Norton, head of financial planners at Vanguard UK. “Exceptions do happen, and this year is essentially one of those exceptions.”...
...The city, with renowned scientific and medical institutions, has a deepening pool of life sciences venture capital....
...Law firm Shearman & Sterling has named 12 new partners....
...US investment groups Jefferies and Antares Capital began pitching a $395m loan tied to Libor to investors on Thursday, highlighting the challenges of weaning the financial industry off the dying interest...
...Rebecca Aldridge is a chartered financial planner and founder of Balance Wealth Planning This article has been amended to clarify the rules governing how unused capital losses may be carried forward....
...The US private equity group had planned to tap markets late last month for a financing package that would include one of the largest sterling bond sales on record, after agreeing the £10bn deal to take control...
...Better yet, it gives 50 per cent of its proceeds to female-led startups via its non-profit venture capital foundation, Startup Girl....
...By 2016, SolarCity was listed, but the capital intensive nature of its business model left it with more than $3bn of total debt and it was in danger of breaching covenants on minimum liquidity....
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