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....
...The answer, like the LP, has two sides....
...One reason private equity remains all-in on music is the belief that certain catalogues have the longevity to transcend market slumps....
...The instruments can help hedge interest rate and longevity risks. Some risks are harder to mitigate....
...As it turns out, Stevens' retention bonus pool, called the Longevity Fund, has not worked as well as might have been hoped....
...Some of this year’s largest outbound investments deals have been struck by Chinese groups making a strong bet on the longevity of the trend....
...That record may not last long; yesterday saw the largest ever one-day inflow, as investors pumped $545m into these funds, writes Joel Lewin....
...As with families, the succession issue in private equity may not be just about longevity in the end. Where the money goes might matter more....
...An unexpected leap forward in longevity would hurt the company’s profits....
...Bill Ackman’s Pershing Square even listed a public vehicle in Europe to give his funds greater longevity....
...Credit Suisse last year wound down its “longevity swap” business, which had reached deals with schemes including ITV’s....
...This is the first time the fund manager has pursued a global multimedia campaign....
...One reason many activists have been able to succeed is the relative longevity of their own capital....
...While the company has written no new business since the crisis, its largest shareholder, Deutsche Bank, drew on its expertise to write a £3bn longevity swap for the UK pension fund of BMW in February....
...Meanwhile, Netherlands-based ABP, the world’s third-largest pension fund, has invested €500m since 2008 in music publishing royalties, via Imagem, a new publisher....
...Some have also kept up with the evolving demands of investors and the business itself, helping to ensure their firm’s longevity....
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