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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...
...But the highly concentrated portfolio lost 23 per cent of its value in 2021 and a further 67 per cent in 2022, hit hard when the US Federal Reserve raised interest rates to a 40-year high to curb soaring...
...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....
...It previously told the FT that “Apollo voluntarily remedied any erroneous billing resulting from the former employee’s fraudulent expense practices by making appropriate reimbursements to the funds and portfolio...
...But it is uncommon for a portfolio manager to take a big team of investment professionals with them, as Megia has done....
...rates have hit the valuations of private start-ups, forcing Silicon Valley venture capital firms to shift their focus from raising ever-larger funds to instead ensuring the survival of companies 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....
...“You could argue that, since shorting is such a challenging sub-strategy, keeping things long-biased and having a concentrated portfolio of high-quality positions has been the way to go,” Amiee said....
...Happily, because the competition allows each journalist an entry, we got the chance, using Ethan’s slot, to double down on value with a Mag 7 relative value portfolio....
...Private equity firms still own large stakes in dozens of former portfolio companies whose shares are languishing on the public markets....
...In 2009, Google launched Google Ventures as a standalone VC. 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”....
...By securing a loan against a larger pool of assets, private equity firms are able to negotiate lower borrowing costs than would be possible if the portfolio company attempted to obtain a loan on its own....
...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....
...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....
...Last month, Warburg seeded a new insurance group called Prismic that will use it to manage a portfolio of private equity investments. Warburg is also undergoing succession planning....
...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....
...The value of that portfolio was marked down by nearly 20 per cent last year....
...This was the reaction to a new tactic the industry is turning to in a bid to uncover cash for struggling portfolio companies to repay debt and buy time....
...These include so-called net asset value financing, which involves a buyout firm borrowing against a portfolio of assets....
...As a result, this portion of the fund’s portfolio has been written down to zero....
...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...
...Their diversified portfolios and ability to slash or raise their level of risk quickly gave them a key advantage during the pandemic when markets went into a tailspin....
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