Hints and tips:
...The board also took a shot at the fund’s investment adviser, Hipgnosis Song Management (HSM), which is 51 per cent owned by Blackstone. Song values have been falling....
...If the value of a client’s collateral falls below 70 per cent of the loan value at any point, a margin call is triggered and more collateral must be pledged. The volatility has some people nervous....
...One Finnish pension fund alone has switched $17bn into funds that track this new index. Second, there is growing interest in capturing value from investing in companies enabling a faster transition....
...Under the terms of the Zegna transaction, the company will be given an equity value of $2.5bn....
...It was a signal that energy security “has been invited to the energy transition table”, says Jeff Ubben, a US hedge fund activist investor and Exxon board member....
...E2BN said the agreement guaranteed “best value” to public sector buyers, and provided “excellent service standards”....
...There were alarming signs of stress — the prices of many corporate bond ETFs dropped significantly below the net asset value of their holdings sparking fears that investors would lose faith in the fund structure...
...of long-term value creation....
...Speculation lingers in Paris that he could reconsider his lowball offer, underscoring the value deep-pocketed satellite pioneers have pinned on the industry even as shareholders struggle to find value....
...Though Browne and Ford are confident the fund is operating in an underserved market segment, the climate transition space is getting more crowded by the day....
...The deal values Ermenegildo Zegna at a rich enterprise value of $3.2bn. It will allow the family to take some $546m of the funds raised from the Spac deal, net of fees, off the table....
...“Drawing on funds that are at a depressed value will have a greater impact on your savings in the longer term.”...
...AMG, which also owns stakes in Tweedy Browne, Systematica and Pantheon, said the Healey Center has since become the largest hospital-based ALS research programme in the world and supports a broad range of...
...Beyond dealmaking, Orcel must find a way to lift UniCredit’s price to book value of 0.32, half that of its domestic competitor Intesa Sanpaolo....
...“The one lesson we’ve learnt over the decades is that one should never give up on value investing. It’s been declared dead before,” says Bob Wyckoff, a managing director of money manager Tweedy Browne....
...The $12bn raised could cover BP’s current capital expenditure budget for about a year, or fund current dividend costs for 18 months....
...In theory, the price of the fund and the value of the debt it holds should be the same....
...One thing to start: SoftBank has redeemed its investment in Credit Suisse funds that made big bets on the debt of start-ups in the Japanese technology conglomerate’s Vision Fund, after the Swiss bank completed...
...Its shares have risen 143 per cent in value from their low in mid-March and now sit at a 20-year high....
...of hedge fund....
...Some fund managers have been spotted putting performance into the context of an annus horribilis (horrible year) for most asset classes (Michael Browne of Martin Currie in 2018), or for their fund (Personal...
...‘OilCo’ to ‘NewCo’ - Fiscal frame: i) Cash return (DPS/buyback upside) and shareholder value....
...The business has a mooted value of €20bn, though an implied earnings multiple in line with oil majors looks optimistic....
...Make, Think, Imagine: Engineering the Future of Civilisation, by John Browne, Bloomsbury, RRP£25/Pegasus Books, RRP$29.95 The former chief executive of BP returns to his roots, refining historical, artistic...
...In 2011, a Sovereign fund had bought the college for an enterprise value of £11m, paid for through £7.3m of loan notes and a bank loan....
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