Alternative Investments
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Virginia governor’s race could give ‘flashing red warning sign’ for Democrats — and shift market sentiment
That’s an overstatement, but the governor’s race in the Democratic-leaning state is drawing considerable attention this fall, with analysts connecting…
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Blackstone profits nearly double in third quarter
Blackstone’s net income nearly doubled in the third quarter, driven by strong investment performance for its largest strategies and continued expansion…
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BlackStone acquires majority stake in shapewear firm Spanx
Blackstone is buying a majority stake in Spanx, becoming the first outsider to put money into a company that revolutionised…
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Kirkland raiding Freshfields’ stars ushers in new era for private equity team
Kirkland & Ellis’s hire of two rising stars from Freshfields last week marks a changing of the guard in the…
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Short-seller Carson Block on GameStop, China and why a market crash could be ‘much larger, much faster’ than ever
Short-seller Carson Block, founder and chief investment officer of Muddy Waters Capital, spoke with Financial News in a Barron’s Live…
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Apollo sets $1tn asset target as battle with Blackstone heats up
Apollo Global Management said it expects its assets under management to double to about $1tn by 2026, setting up a race…
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Here’s what’s in Democrats’ big social-spending bill — for now
Negotiations continue among Democratic moderates and progressives over President Joe Biden’s “Build Back Better” plan, a sweeping proposal targeting “human…
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Blackstone, KKR fuel record $26bn in Wall Street fees as PE boom seen raging on
Bankrolling private equity is big business for Wall Street. The world’s biggest banks have pulled in a record $26bn in fees advising…
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Fintech frenzy to stall as talent war and Europe’s IPO slowdown hurts startups
Record levels of private and venture capital funding for European fintech companies could diminish next year as mature startups focus…
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Millennium memo warns staff to log personal crypto trades with compliance
Millennium Management sent a memo to staff telling them to disclose any personal trading in cryptocurrencies to the hedge fund giant’s…
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KKR co-chiefs step down as torch passes at private equity giant
Henry Kravis and George Roberts are stepping down as co-chief executive officers of KKR, as the founders of the seminal…
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EQT says inside info handled ‘correctly’ after Swedish probe sends shares tumbling
The Swedish financial regulator has launched an investigation into suspected market abuse by EQT, Europe’s largest listed private equity firm.…
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Deutsche Bank needs more ESG expertise, CEO Sewing says
Deutsche Bank chief executive Christian Sewing said that all 22,000 client-facing staff at the German lender need to be versed…
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City still divided over the benefits of the green investment boom
For some time, senior City folk have been saying that the hoped-for surge in green investment will not only be…
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Aviva, Mercer hired to resolve compliance failure in German fund Aquila Capital
A German fund group audited by KPMG has turned to fund giants Aviva and Mercer to enable it to resolve…
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Citadel under fire over its role in GameStop trading
Billionaire Ken Griffin’s electronic trading firm, Citadel Securities, is under fire again over its role in the January trading frenzy…
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Why Warburg Pincus has been piling into European telecoms and tech
It has taken René Obermann and Adarsh Sarma just 12 months to invest $2.2bn. That’s speedy work for the duo…
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SEC bids to force asset managers to come clean on voting records
The Securities and Exchange Commission has proposed a rule that would require money managers to disclose more information on how…
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Market-makers take on the banks in PR battle over trading reforms
When an industry lobby group starts a public relations campaign, the cynical observer instinctively asks: Why? Why now? Do they have…
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Clayton, Dubilier & Rice win bidding war for Morrisons
A consortium led by US buyout firm Clayton, Dubilier & Rice won the bidding war for UK grocery chain Wm Morrison…
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Numis hires Moelis, VC firm vets in deal push
City broker Numis hired a medical doctor to bolster its team of dealmakers targeting high-growth companies as part of a…
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Citigroup taps Goldman’s Leyenaar-Huntingford to lead infrastructure banking
Citigroup has hired a Goldman Sachs dealmaker to head up its infrastructure investment banking team in London, as the US…
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Private equity firms hike junior pay by 50% amid banker burnout crisis
Pay for junior private equity professionals in Europe has swelled by 52% over the past two years, showing the growing…
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Why Spacs might just bounce back from their miserable year
2021 has been a miserable year for Spacs. The well documented sagas and ensuing share price volatility around companies like…
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UK lawmakers probe Facebook over Instagram’s stock picking ‘finfluencers’
Facebook will step in to stop investment scams, but users can freely share advice, tips and knowledge on trading and…
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Barclays opens up $30m fintech fund in London for female founders
Barclays is expanding its female-focused startup fund to Europe, partnering with venture capital firm Anthemis to accompany the effort with a…
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KPMG-audited German fund firm reveals years-long compliance failure in UK arm
A German fund group audited by KPMG has not complied with UK law in its London arm for years, Financial…
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EQT’s Christian Sinding: ‘We were pushing on the brake and the gas pedal at the same time’
EQT had spent only a few months as a publicly-listed company when the Covid-19 pandemic struck in March 2020, forcing…
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Ex-crypto hedge fund manager gets prison sentence for securities fraud
A cryptocurrency hedge-fund manager who lied about returns on his $90m fund and siphoned money from its accounts to cover…
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Private equity frenzy in wealth management catches the FCA’s eye
As private equity firms continue to march into the UK wealth and asset management sectors, eyebrows are being raised at the FCA about…
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Ex-BlackRock sustainable CIO on how ESG risks turning into a mis-selling scandal
Tariq Fancy was BlackRock’s sustainable investing CIO between 2018 and 2019, and had a unique vantage point into the world’s…
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Billionaire Cohen invests in cryptocurrency trading firm
Billionaire Steven A Cohen is set to invest in a new cryptocurrency trading firm, the latest bet on the digital-asset markets by…
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Tinder’s Jim Lanzone named chief executive at Apollo’s Yahoo
Apollo Global Management is naming Tinder chief executive Jim Lanzone the new CEO of Yahoo, the digital-media business it acquired…
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Wm. Morrison 1H Pretax Profit Fell on Covid-19 Costs — Update
By Sabela Ojea Wm. Morrison Supermarkets PLC reported Thursday a decline in pretax profit for the first half of fiscal…
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Apollo co-founder Leon Black denies flying ex to Florida for meeting with Epstein
Apollo Global Management co-founder Leon Black in a new legal filing denies claims that he once flew an ex-girlfriend to…
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BlackRock’s Fink ‘ducking the fight’ over ESG, claims former exec
A former BlackRock executive has accused chief executive Larry Fink of “ducking the fight” over ESG, following claims that the…
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Stock pickers ride vaccine optimism to trounce passives with £1.3bn haul
Active equity funds continued their winning streak in August, gathering around 300 times more in new investor money compared to…
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Goldman’s Petershill unit plans $5bn alternative assets listing in London
Goldman Sachs’ Petershill alternative assets business is planning on listing a new investment vehicle for its assets in London that…
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Yale’s Endowment Has Just 2% in U.S. Stocks. Don’t Expect Major Changes Under the New Investment Chief.
Yale University in New Haven, Connecticut. Craig Warga/Bloomberg One thing that Yale’s new endowment director Matthew Mendelsohn might want to…
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Hedge fund Renaissance Technologies to pay $7bn to settle back taxes
Current and former executives of hedge fund Renaissance Technologies will personally pay as much as $7bn in back taxes, interest…
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DWS greenwashing probes shift fund industry into high alert
Asset managers are on high alert following probes by US and German financial regulators into the sustainable investment claims from…
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Esma issues warning on crypto’s ‘soaring’ environmental cost
The European Union’s top markets regulator has issued a warning on rising environmental damage from investing in digital currencies. In its latest…
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JPMorgan leads $50m funding round for financial analytics firm
Aumni, an analytics platform for private capital markets, raised $50m in a funding round led by JPMorgan Chase, signalling investment…
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DWS defends its approach to ESG amid greenwashing probe
DWS, the listed German asset manager majority-owned by Deutsche Bank, has defended itself against allegations made by a former employee…
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Deutsche Bank’s DWS Group sees shares slump amid SEC probe on ESG claims
The share price of Deutsche Bank’s asset management arm, DWS Group, sank by more than 10% when markets opened following…
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Deutsche Bank’s asset management arm under US investigation over ESG issues
US authorities are investigating Deutsche Bank’s asset-management arm, DWS Group, after the firm’s former head of sustainability said it overstated…
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Legality of Spacs called into question in a spate of class actions
Two law professors are aiming at high-profile targets, filing suits that question the legality of a specific type of special-purpose…
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Ex-Anchorage hedge fund exec moves to PJT Partners
Investment bank PJT Partners has hired the former US head of restructuring at hedge fund Anchorage Capital Group as a…
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Morrisons Agrees to $9.55 Bln CD&R Takeover Offer — Update
By Adria Calatayud Wm. Morrison Supermarkets PLC has agreed to a takeover offer from Clayton Dubilier & Rice LLC that…
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Jupiter expands in the US with key hires from Janus Henderson, Allianz
UK-based asset manager Jupiter said it is increasing its business in the US to meet rising institutional interest in its strategies.…
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