Hints and tips:
...Longevity master Edward Thorp, the legendary hedge fund manager who mastered besting casinos, is now 91 and taking on his next challenge: beating ageing, Bloomberg reports....
...Emerging markets specialist Gramercy, which made big profits a year ago on distressed developer debt in China, has scented an opportunity to repeat the trick and has bought back into the sector....
...Blackstone invested more in European real estate than in any other region in 2023, as the world’s largest commercial property owner picked up bargains from market turmoil and distressed sellers....
...Another added: “That man is a master risk taker. That is what he is, more than a genius.”...
...The latest Lexington fund “speaks to the sheer demand” from LPs that feel “over-allocated” to private capital including to start-ups, they said....
...Blackstone shelved the fund launch last year after the property fund, called Breit, was forced to limit redemptions....
...said the head of one Sequoia LP, a sovereign wealth fund....
...Clearlake has begun an investment push to buy distressed assets. Groups like Apollo and Centerbridge made large profits during the 2008 crisis by buying such discounted bonds....
...The acquisition of New York-based Angelo Gordon, one of the largest investors in private credit markets and a savvy distressed debt player, will be predominantly made in stock....
...In the years before the Neiman case, distressed debt funds were flush with cash but found few good opportunities. As a consequence, players adopted sharp tactics against each other....
...It is basic maths that increasingly gnaws at the masters of the universe....
...“I just knew that it screamed opportunity because I know the power of the brand.” Some financial trends were positive....
...Global distressed funds saw an opportunity and bought some of the riskiest debt, gambling that the government would not let its second-largest lender collapse and would instead arrange a merger with its...
...We’re seeing huge moves by companies like [hedge fund] Citadel and [founder] Ken Griffin,” says Pérez....
...Eurazeo’s boss is outnumbered by shareholders In the cut-throat world of publicly listed private equity, even masters of the universe must answer to shareholders....
...Today, there are about 365,000 Bloombergs on the desks of investment bankers, bond traders, equity analysts, pension fund managers, sovereign wealth funds and central bank officials....
...Distressed debt specialist Gramercy Funds scents an “opportunity for experienced credit investors” in the cash-strapped Chinese real estate sector and has been loading up on property company bonds....
...Incoming chief executive Laxman Narasimhan faces the daunting task of navigating America’s culture wars and economic turmoil, writes the FT’s Brooke Masters....
...Unless that ruling is overturned, neither she nor Black will have an opportunity to testify....
...Others also made positive noises, perhaps not least because the conference is largely an opportunity to raise money from the pension funds and other investors who are given free passes for a conference that...
...The Oaktree “Opportunities” fund, as the firm has labelled it, has already quickly deployed billions....
...“There are so many opportunities. Today you are competing and tomorrow you will bring them in as a partner on a deal. It is the new reality.”...
...Having last year closed the largest distressed investment vehicle of its kind — its $16bn “opportunities” fund — Oaktree has deployed cash in emerging markets around the world, including bailing out the...
...Once upon a time, in the jargon of private equity, a “secondary” would have meant one master of the universe selling to another. Now, it could easily refer to a buyout fund flogging assets to itself....
...The cash-strapped Chinese real estate sector looks like an “opportunity for experienced credit investors”, according to distressed debt specialist Gramercy Funds, which has been loading up on property company...
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