Hints and tips:
...Its new fund — known as Strategic Investment Partners V — plans to buy risky debt, including junior loans and convertible bonds, as well as preferred stock....
...By then, Apollo had grown to become one of the biggest private equity groups on Wall Street, owning billions of dollars’ worth of assets crucial to the operations of name-brand companies....
...Arnott et al estimate that stocks ejected from the S&P 500 actually outperformed new entrants by an average of 2,200 basis points in the year after the index rejig (FTAV has written about the index inclusion...
...In a statement on Monday, ADQ and IHC said that the firm is expected to manage money that they, as well as another sovereign fund ADG, had earmarked for alternative assets, including private equity, venture...
...Private equity, spyware and the US establishment DD readers are well aware of the revolving door between politics and private equity....
...In 2017, while he was chief executive of BHP Billiton, the company was targeted by one of the fiercest activist investors on Wall Street — Paul Singer’s Elliott Management....
...“He’s one of four managing partners at the most important technology private equity firm in the world,” said a Wall Street veteran who has tangled with Mr Durban....
...(NYT) News round-up Wall Street banks ramp up research into quantum finance (FT) Data’s the secret weapon for Rappi, SoftBank’s big bet in Latin America (Reuters) Private equity managers scoop bigger...
...Through a sovereign wealth fund, Doha is one of BPY’s biggest investors, holding $1.8bn worth of BPY preferred equity....
...The VIX volatility index, known as Wall Street's fear gauge, closed above 15 for the first time this year, as investors expressed apprehension over the headlines in what is a shortened holiday week....
...Meanwhile, China — a far healthier economy — still had to deal with the fallout from its burst equity bubble in 2015....
...And the components of the cost of capital are a risk-free rate, a beta, and an equity risk premium to calculate a cost of equity as well as a cost of debt....
...That figure pales against the total value of the US housing market – $23.7tn at the end of 2012, according to Zillow – but it could grow exponentially if Blackstone et al are able to get their hands on cheap...
...Group, two private equity groups....
...Related links: SEC V. TREVOR G. COOK, PATRICK J. KILEY, ET AL, Case No. 09 CV 3333 – SEC Litigation release...
...FT: So it was terrifying then as well? TB: Terrifying. And everybody thought we were idiots, by the way. Now everybody looks back and say, ”Well this was lucky.”...
...Just like private equity, distressed debt investors are used to playing hardball to get their way....
...Best regards, Andrew Lahde, CFA Portfolio Manager Lahde Capital Management, LLC...
...Blackstone is trying to put a good face on all this: by announcing the closure to new investors of its $21.7bn fund, V – the largest ever – and by claiming the market reversal plays to its strengths by reducing...
...The emergence of Gulf funds with significant stakes in HSBC and J Sainsbury this year has thrust the region’s investors onto the British high street for the first time....
...Those investors will be reminded of the same consideration that Morgan Stanley, Credit Suisse et al may have overlooked....
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