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...Arabia’s Public Investment Fund bought a 49 per cent stake in Sir Rocco Forte’s luxury hotel group in December with plans to double the chain’s size over the next five years with new hotels in the Middle...
...This is driving consolidation in the industry as managers turn to mergers and acquisitions to bulk up, cut costs and pursue new clients or areas of growth....
...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...
...Beyond Trump’s potential payout from the deal, three hedge funds also stand to make a significant profit....
...If UK fund management has a Frankenstein’s monster then Abrdn best fits the bill....
...In 2017, Best joined Elliott as the hedge fund sought to build out a private equity strategy....
...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....
...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....
...It uses wholesale markets to fund the business but not excessively so. It levers the balance sheet but only modestly....
...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....
...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....
...The firm said that an “increasing share” of its fund investors came from wealthy individuals as the group seeks to diversify the types of investors that commit to its funds....
...But the board, under heavy pressure from hedge funds, went for broke by taking a premium bid from JetBlue hoping against hope that it could push a deal past the US Department of Justice and eventually the...
...“All EU regulators are really down on PE fund owners right now,” one insurance executive told the FT....
...However, the hedge fund told the Financial Times at the time that it had held “only preliminary conversations” with Neumann and Flow about WeWork and “has not made a commitment to participate in any transaction...
...Fundraising has been encouraged by a rebound in stock prices, expectations that the Federal Reserve will soon start cutting interest rates, and a boom in mergers and acquisitions activity in the sector....
...alternatively bring in other investors to replace Abu Dhabi funds, according to people familiar with the matter....
...Tritax Management, a specialist fund manager backed by Abrdn, would take over the running of the combined group, which would have a market capitalisation of £3.9bn and a portfolio of £6.3bn, the companies...
...companies to new internal funds....
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