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...Warburg Pincus recently raised more than $17bn for its latest flagship private equity fund despite a difficult market....
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...In 2022, Tiger’s flagship fund fell by more than half as its public tech bets were hammered....
...More than 170 interested parties made contact but predictions of bids from Big Tech failed to materialise....
...In its complaint, the FTC argued — as expected — that the tie-up would lead to higher prices, plus lower product quality and services for consumers....
...Scott Shleifer, the head of Tiger’s $30bn-plus private equity business who was instrumental in the firm’s growth, announced late last year he would step down from his role at the hedge fund....
...Genesis Global Capital LLC agreed to pay a $21mn civil penalty to settle charges that it engaged in the unregistered offer and sale of securities through its Gemini Earn program, the SEC announced on Tuesday...
...Plus, do you have a question about markets, finance or economics? Get in touch with Michela, and we may use it in an upcoming joint show with Unhedged....
...More and more market participants and pundits are betting that stalling disinflation might stop the Federal Reserve from cutting rates at all in 2024....
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...Need to know: UK and Europe economy The House of Commons was told that China-linked hackers were responsible for a raft of cyber attacks against British MPs and peers, plus a big attack on the Electoral...
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...Chanos is best-known for his bet against energy trader Enron, as well as for his more recent, but unsuccessful, campaign against electric-car maker Tesla....
...“Particularly if I gave them more sweets.” HR Bank is, in essence, a power bank with AC, USB and wireless outlets that can be charged by pedalling....
...Apollo’s shares have risen more than 30 per cent this year. Insiders, meanwhile, are boosting their potential for massive payouts if they feast off of a new cycle of distress....
...Indeed, Millennium, which has about 300 trading teams, has come to more closely resemble the markets division of a global bank....
...A sell-off in global bond markets has pushed borrowing costs to their highest levels in a decade or more....
...More than $9bn in legal claims have been filed, largely by debt investors who lost out when Credit Suisse debt was marked down to zero to make the rescue more palatable for UBS....
...During its fundraising push, Vista has sold off assets to generate profits for investors, monetising more than $14bn in investments since November 2021....
...Now buyout groups are left sitting on trillions of unsold investments and their backers are demanding their money back before committing more cash to the asset class....
...Plus, with the golden age of private equity coming to a close, the environment will be tougher for everyone involved....
...One thing to start: Citigroup has unveiled its biggest reorganisation in almost two decades that will simplify the bank’s management structure and give more control to chief executive Jane Fraser....
...SoftBank won a nice surprise over the holidays when it received $7.6bn in T-Mobile stock on a costless basis as part of its windfall from the sale of Sprint to the wireless carrier in 2020....
...Hovenkamp: Facebook started out as a challenge to some contract practices plus these two acquisitions, Instagram and WhatsApp, under Section 2 of the Sherman Act....
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