Alternative Investments
- Finance
HSBC exec suspended for ESG comments brought ‘dose of honesty’ to debate, ex-BlackRock sustainable investing chief says
HSBC Asset Management responsible investing head Stuart Kirk caused an uproar when he branded climate warnings from environmental “nut jobs” as false, leading…
Read More » - Finance
The SEC’s proposals for private equity: Where next?
US regulators’ planned private-equity overhaul has received rave reviews from most institutional investors. But some still see a few rough…
Read More » - Finance
KKR continues Asia push as PE giant closes new credit fund
KKR said 25 May that it has closed a new credit fund focused on the Asia market, as the New York-listed investment…
Read More » - Finance
BNY Mellon fined by SEC over ESG claims
The Securities and Exchange Commission fined the investment management arm of Bank of New York Mellon $1.5m for misleading claims it made…
Read More » - Market
Elon Musk called ESG a scam — did the Tesla chief do investors a favor?
Investing usually uses a combination of head, heart and gut even if it’s not supposed to. And perhaps no market…
Read More » - Finance
The private equity industry keeps rolling in Ukraine
In war-torn Ukraine, private equity houses are still doing deals. Despite the uncertainty caused by Russia’s invasion, new data shows…
Read More » - Finance
Brookfield Asset Management makes £4bn swoop for HomeServe
Brookfield Asset Management has agreed to buy London-listed repair services company HomeServe in a £4bn deal. The Canadian alternative investment giant…
Read More » - Market
U.S. stocks mostly lower after worst day for equities in nearly two years
U.S. stocks extended their slump on Thursday, following the worst slide in close to two years for the S&P 500…
Read More » - Finance
Meet the 24-year-old who quit hedge fund Citadel to get rich in blockchain network Terra. Two months later, ‘there is no Terra anymore’
At the start of 2022, Neel Somani was a quantitative research analyst working at Citadel, billionaire Ken Griffin’s powerhouse hedge-fund…
Read More » - Finance
Private equity’s newest target: Your pension fund
Buyout bosses are eyeing up a vast pool of potential capital in the pensions sector. They are hoping to gain…
Read More » - Finance
Citigroup launches new VC and family office team with Tobi Ali at the helm
Citigroup is launching a new team of dealmakers to focus on venture capital firms and family offices, the latest appointment…
Read More » - Finance
Elliott’s London staff set for more responsibility as hedge fund shuts last Asia office
High-profile activist investor Elliott Management is shutting up shop in Asia, according to reports, as the hedge fund’s London office prepares…
Read More » - Finance
Tech stock rout sees Tiger Global lose $17bn
The hedge fund Tiger Global has lost roughly two-thirds of the cumulative gains it has made for investors since its…
Read More » - Finance
Are defence stocks ESG? Fund managers are divided
The brutal war being fought in Ukraine has thrown up a dilemma for the world’s fund managers: whether or not defence…
Read More » - Finance
Eurazeo CEO Virginie Morgon on why she’s pulling ‘all the levers’ on ESG
From the top floor of private equity firm Eurazeo’s headquarters, discreetly tucked away in the chic 17th arrondissement in the…
Read More » - Finance
Apollo pushes into funds for wealthy investors
Apollo Global Management said it will release a slate of funds designed for individual investors, making it the latest alternative-asset…
Read More » - Market
Western Digital stock shoots toward best day in two years after activist pushes for business split
Shares of Western Digital Corp. were rocketing in Tuesday trading after Elliott Investment Management issued a call for the chip…
Read More » - Finance
Bridgewater’s first major European short in two years is $12m bet against oil tanker firm Euronav
Hedge fund Bridgewater disclosed its first major short position since the first quarter of 2020 — a position in Belgian…
Read More » - Finance
Carlyle grows assets but misses earnings forecast
Carlyle’s assets under management rose to $325bn by the end of March, but the firm reported weaker-than-expected results for the…
Read More » - Finance
Credit Suisse reveals $284m loss as investment bank tumbles
Credit Suisse unveiled a loss of CHF273m ($284m) in the first quarter as it battled litigation costs and a slump…
Read More » - Finance
KPMG ties up with VC adviser Acceleris as it embarks on investment spree
KPMG UK signed a joint venture with venture capital adviser Acceleris in what the audit firm’s boss Jon Holt said is…
Read More » - Finance
LGIM to vote against exonerating Credit Suisse board after scandals
Legal & General Investment Management will vote against absolving senior Credit Suisse executives of responsibility after a series of scandals engulfed…
Read More » - Finance
London’s finance and professional services sectors beat global peers to foreign investment
London attracted foreign investment in more financial and professional services projects than any of its global peers last year, according to…
Read More » - Finance
KKR has wrapped its largest buyout fund with $19bn in investor backing
KKR wrapped up its largest-ever buyout fund with $19bn in investor commitments in a fundraising effort that broke an in-house…
Read More » - Finance
Hedge fund Melvin Capital scraps plans to restart charging performance fees
Gabe Plotkin scrapped a plan to start charging performance fees again at his beleaguered hedge fund, Melvin Capital Management, after…
Read More » - Finance
Private equity had a mixed Q1. Here are three key takeaways
Europe’s private equity industry witnessed a mixed start to 2022, as the deal boom continued at pace despite growing fears…
Read More » - Finance
Schroders ties staff comp to ESG goals — here’s how this will impact pay
Schroders has linked fund manager and analyst remuneration to sustainability goals, as it rolls out a new company-wide “engagement blueprint”.…
Read More » - Finance
Natixis IM’s global sustainability chief: ESG investing isn’t ‘charity’
ESG products may be tied to doing what’s right for the climate, but they’re there to make money, like any…
Read More » - Finance
Bill Ackman dumps hedge fund’s stake in Netflix
Billionaire investor William Ackman said his hedge fund sold its stake in Netflix on 20 April, implying a loss of about $400m,…
Read More » - Finance
Why Goldman’s David Solomon is getting a chunk of the bank’s private equity profits
David Solomon is getting a bigger slice of Goldman Sachs’ private-equity profits. The Goldman Sachs chief executive and a tight…
Read More » - Finance
Apollo weighs backing bid for Twitter
Apollo Global Management is considering participating in a bid for Twitter, according to people familiar with the matter, after Elon Musk’s $43bn bid…
Read More » - Finance
Advent’s €1bn IRCA buy shows the PE house has a sweet tooth
In the run-up to the Easter holidays, many of us have chocolate on the mind. None more so than Francesco…
Read More » - Finance
Private equity firms overhaul London offices in the wake of Covid
In the wake of Covid, buyout bosses are rethinking the future of the office. Private equity and venture capital firms have been…
Read More » - Finance
PE sector gripped by deal fatigue: ‘People have been working beyond their capacity for a long time’
A frenzied spell of dealmaking and fundraising has left the private equity industry feeling exhausted. After striking a record $1.1tn…
Read More » - Finance
Hedge fund boss Chris Hohn slams banks over climate hypocrisy
Banks making net-zero promises while lobbying against climate regulation is “greenwashing”, according to billionaire hedge-fund boss Sir Chris Hohn. “Any…
Read More » - Finance
Metals guru on the ‘apoplectic rage’ of nickel traders over LME debacle
The London Metal Exchange’s unprecedented move earlier this month to cancel close to $4bn in nickel transactions shocked market participants far beyond…
Read More » - Finance
Schroders slips down UK fund brand rankings again as BlackRock, JPMorgan, Vanguard climb
Schroders has continued to fall in an annual ranking of UK fund management brands, with US behemoths BlackRock, JPMorgan Asset…
Read More » - Finance
PE and VC-backed companies in Europe created more than 100,000 jobs during pandemic, study finds
European companies owned by private equity and venture capital grew their workforces by 2% in 2020 — a year when the…
Read More » - Finance
Private equity renews interest in military sector amid Ukraine invasion
Geopolitical tensions, reputational risks and complex contract negotiations: investing in the global defence industry is not for the faint-hearted. But…
Read More » - Finance
Russia’s war on Ukraine unsettles investors expecting carve-out deal uptick for 2022
Russia’s invasion of Ukraine is casting shadows over the booming global carve-out market. Geopolitical uncertainty threatens to “overshadow” investors’ initial…
Read More » - Finance
Why Bill Ackman is quitting the short-selling game
William Ackman said he is saying goodbye to the activist short-selling game. Ackman, the founder and chief executive of Pershing…
Read More » - Finance
Bain Capital mulls potential Toshiba takeover
Toshiba’s top shareholder said 31 March it had agreed to support a possible takeover bid led by US private-equity firm Bain…
Read More » - Finance
Hedge fund Adelphi scrambles to close short positions with 53 reductions in three months
Hedge fund Adelphi Capital has been covering its collection of European short positions since the beginning of the year. The…
Read More » - Finance
Why Wol Kolade is looking at China and Taiwan, not Russia and Ukraine
As the crisis in Ukraine deepens, Wol Kolade, the boss of mid-market private equity firm Livingbridge, fears that the Russian invasion could…
Read More » - Finance
Citi, JPMorgan snap up Europe activism experts to brace for shareholder ‘Trojan Horse’
Banks in the City are bolstering their expertise advising companies on the threat of activist investors, predicting that a surge…
Read More » - Finance
Newton IM’s Munro makes an ESG case for defence stocks: ‘Security is a common good’
The chief executive of Newton Investment Management said ESG funds should be able to invest in defence companies, because national security…
Read More » - Market
Here’s the first Wall Street recession call of the new inflation era
One of the big questions over the past week or so is whether to listen to the bond market’s apparent…
Read More » - Finance
Apollo, KKR, TPG among private equity giants backing employee ownership drive
A group of large private equity firms has agreed to get stock into the hands of more employees at companies…
Read More » - Finance
Credit Suisse found former investment bank chief violated code of conduct
When Credit Suisse lost more than $5bn a year ago in the Archegos Capital Management meltdown, investment bank head Brian Chin was…
Read More » - Finance
Private equity turns to continuation funds to keep hold of trophy assets
Earlier this year, BC Partners found the perfect buyer for Springer Nature: itself. Unwilling to let go of its prized…
Read More »
