Hints and tips:
...“I would always be cautious about any company that does not have its dividend covered,” said Nate Koppikar, a partner at hedge fund Orso Partners, which has bet against Blackstone shares....
...“There are enough things in LPs’ portfolios that they can price at a smaller discount today and that makes them feel better,” Miller said....
...As company sales and public listings have dried up, firms have been forced to find more creative ways of returning money to investors....
...With the addition of a second fund, the New York-listed private equity group’s Asian infrastructure business now has $13bn in assets under management, though its bet has largely avoided China, the region...
...The company said it expected the packaging to be certified as compostable by next year....
...Smith’s style is to invest in a small number of “high quality, resilient, global growth companies”, primarily in the US, that he aims to hold for the long term....
...Treasure chest Shareholders are starting to ask questions over who really owns the art on companies’ balance sheets, the FT’s Leo Lewis writes....
...It would be watching the company’s performance and “focusing on its continued success”, it said....
...“Once companies, especially financial services companies, get to the $50bn market cap, their stock performance suffers,” Nuttall said. “Investor returns become more anaemic. Their growth slows.”...
...“Putting people on a board unnecessarily can harm a company. I don’t know why shareholders would take that risk,” he added....
...The hedge fund manager getting all the attention, of course, is Nelson Peltz, the octogenarian co-founder of Trian Fund Management....
...Iger has also drawn endorsements from heirs of company founders Roy and Walt Disney in recent weeks....
...It said: “We are comfortable that management has a viable plan to address the important matters facing the company.”...
...Apparently, Apollo Global Management has other priorities....
...Because a company can file bankruptcy in whatever district any one of its dormant shell company affiliates first files bankruptcy....
Pressure eases on Breit after dash for withdrawals caused the group to put limits on requests
...The new financial benchmarks signal rising optimism at the investment group after a period of stagnation and management turmoil....
...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....
Vessel owned until recently by US private equity group Oaktree Capital is latest to be hit in Gulf of Aden
“Does this seem like fair journalism to you?”
...On Wednesday, Ted Miller of Boots Capital Management sued Elliott and the board of Crown Castle, the cell phone tower operator, over a December settlement the company struck with Paul Singer’s firm....
...That included loans associated with some marquee buyouts including Elliott Management’s takeover of technology business Citrix, Elon Musk’s purchase of social media company Twitter and Apollo’s acquisition...
...For BXPE, Blackstone is taking 12.5 per cent of the profits along with a management fee of 1.25 per cent — somewhat less than the traditional “2 and 20” structure....
...Blackstone, with $1tn in assets under management, is the world’s largest alternative asset manager....
...The company does not expect to see results from the crackdown until the end of this year....
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