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...Brussels has signalled it is open to European telecoms mergers to help fund the rollout of 5G and update ageing networks, in what is likely to be seen as a softening of approach after regulators quashed...
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...It uses wholesale markets to fund the business but not excessively so. It levers the balance sheet but only modestly....
...Hedge fund credit quality as perceived by dealers deteriorates during weak market conditions, when the value of assets the banks hold as collateral vis-à-vis the funds falls....
...The merger, which is expected to create Britain’s largest mobile operator, would reduce the number of UK operators from four to three....
...the head of auto dealership group Hendrick....
...Ally, which got its start as the financing arm of carmaker General Motors, has been without a permanent CEO since late last year, when Jeffrey Brown announced he was leaving the lender to become the head...
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...He added that he thought the asset management sector would see more consolidation in future. “There are just too many small fund managers there . . . [but the sector] will rebound.”...
...It is not surprising that when a fund comes up with one, it wishes to ensure that none of the value creation leaks to anyone else. The Jana/Cannae partnership is not completely novel....
...The problem lies not just with Liontrust and its dealmaker, chief executive John Ions, but the entire active fund management industry....
...Also waiting to see how things play out is a small group of hedge funds that participated in a $50mn convertible debt offering this year after other funds had walked away and are sitting on more than $400mn...
...The fund changed its mind the following Monday and ultimately invested $250mn, setting Stonepeak on the way to raising over $1bn for its first fund. “The investment put us in business,” says Dorrell....
...Additionally, limited partnership agreements seemed to indicate that Apollo should be paying expenses even as the funds and LPs were getting the bills at the time....
...Some of the funds have put on “dirty hedges” to protect windfalls as big as $200mn. Hedging, however, is expensive. One fund lost $10mn on its hedges on Tuesday, sources told DD....
...In 2021, it held talks over a potential £1.4bn takeover with the then UK-listed fund administration business Sanne. The business was ultimately acquired by Apex Group, another fund administrator....
...In a whirl of share buybacks, new merger and acquisitions rules, successful activism and top-down pressure to improve returns, companies, the government and the stock exchange itself have done enough to...
...It was forced to freeze its funds a year later under regulatory scrutiny. Then, one year ago, Crastes was struck off from managing funds for half a decade by the French regulator....
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