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...The investor known for highly concentrated and volatile portfolios capable of massive gains and losses planned to bring her flagship strategy to several European exchanges starting on Thursday, Ark said...
...That rebound came after a 50 per cent annualised loss across 2021 and 2022, when sentiment soured against the high-growth companies it had backed....
...Its portfolio of private company bets also was marked down. Tiger’s long positions gained about 50 per cent in 2023, but its overall portfolio only rose about half that much....
...companies at issue”....
...in their portfolios....
...That’s the case even as they start to face pressure to sell some portfolio companies to return capital to their backers....
...But it is uncommon for a portfolio manager to take a big team of investment professionals with them, as Megia has done....
...That performance has continued into this year: the S&P 500 index of leading shares hit an all-time high on Friday, driven by strong gains for the largest technology companies....
...Private equity firms still own large stakes in dozens of former portfolio companies whose shares are languishing on the public markets....
...s valuation is hard to interpret because the company keeps its profit margins intentionally low.)...
...Renamed GV, it now boasts more than 400 companies in its portfolio and has some $8bn in assets under management....
...However, Shah added, the company would “have its work cut out from establishing multilevel distribution channels, after-market service support and an EV portfolio priced in the sweet spot of $10,000”....
...Private equity conflict Private equity firms are increasingly providing debt financing to companies they own, making them both owner and lender to businesses in their portfolios....
...“It is easier to borrow at the fund level with all the NAV financing available than it is at the portfolio company level for certain companies facing distress.”...
...Blackstone took control of the trust in 2013 and two years later dramatically expanded it with the purchase of a $4.6bn portfolio of commercial mortgage loans from GE Capital....
...And last month came our latest chapter on how firms are pawning assets to raise cash to deleverage individual companies. But wait, there’s more....
...Tiger told its investors that the value of its vast portfolio of non-public companies was roughly unchanged at the mid-year point of 2023 compared with the same period of last year....
...But a sudden rise in interest rates beginning in 2022 left Tiger badly exposed to plunging valuations and holding a bloated portfolio of private investments with limited paths to exit....
...This means private equity firms are essentially shuffling leverage from a single portfolio company to an entire fund....
...Earlier this year, Vista hired Goldman to arrange a $1.5bn loan secured against its portfolio companies, the FT has previously reported. Some of the money was used to pay investors....
...Earlier this year, Vista borrowed $1.5bn secured against its portfolio companies, the FT previously reported. Some of the money was used to pay investors....
...Vingroup, Vietnam’s biggest conglomerate, has a wide portfolio of real estate, retail, technology and healthcare businesses....
...Citadel chomps through portfolio managers like they’re popcorn, charges investors for almost all its expenses (from salaries and Bloomberg terminals to canteen food and flights) and takes 20 per cent of...
...“After a period of under-allocation, institutions and professional investors are increasingly seeking greater control by adding more customised emerging market exposures to their portfolios,” said Matthews...
...As a result, this portion of the fund’s portfolio has been written down to zero....
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