Alternative Investments
- Finance
Will a government venture capital fund really help private investors?
It is hard to overstate how far the European venture capital industry has come since the turn of the millennium. Although…
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Uber’s Freight Unit to Buy Logistics Tech Firm Transplace for $2.25 Billion
Uber Technologies Inc.’s Freight unit is buying technology-focused logistics services provider Transplace in a cash and stock deal worth about…
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Europe investors yank €14bn from Russell, Aviva and M&G funds
Investors pulled billions from funds managed by Russell Investments, Aviva Investors and M&G during the first half of the year,…
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Wealth manager Wren Sterling confirms sale talks
Wealth manager Wren Sterling’s sale talks have ended with a management buyout. A number of bidders were vying for the…
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UBS targets women-only hedge funds with new portfolio launch
The world of hedge funds is one that is well-known to be male dominated. Now, UBS is looking to spot…
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Crypto Exchange FTX Valued at $18 Billion in Funding Round
FTX raised $900 million in a new funding round that closed Tuesday. Participants in the round included Japanese technology investor…
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Apollo’s billionaire co-founder Leon Black comments on allegations of abuse
Leon Black, the billionaire co-founder of Apollo Global Management, submitted a detailed response on 19 July to a lawsuit that accused…
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FCA slams ESG fund applications for claims ‘that do not bear scrutiny’
The UK financial watchdog has written asset managers criticising them over the “poor quality” of applications they are submitting to launch sustainable…
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Bill Ackman’s Spac is ditching the deal to acquire a 10% stake in Universal Music
Pershing Square Tontine Holdings, a blank-cheque company led by hedge-fund manager William Ackman, said it won’t proceed with its proposed…
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Marshall Wace joins £1bn UK short-selling bonanza in defiance of meme army
Marshall Wace topped a list of short-sellers targeting the London stock market in early June, leading the pack during a…
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HSBC reshuffles top team as $50bn alternatives push takes off
HSBC’s fund management arm has created a new division that will bring together 150 staff and alternative assets representing more…
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BlackRock’s Hyldahl to become sole Europe head in sustainability push
BlackRock created a new head of sustainability role for its Europe, Middle East and Africa business, leaving Christian Hyldahl in…
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Crypto and FX firm LMAX valued at $1bn after JC Flowers stake
Cryptocurrency and FX exchange LMAX Group has received a valuation of $1bn, after selling a 30% stake in the company…
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KPMG UK books £115m profit from pensions business sale
KPMG UK made £115m from the sale of its pension business in a private equity-backed management buyout last year, latest accounts…
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The mega-buyout is coming back – to an industry near you
Size matters. That’s the mantra being chanted by private equity investment committees as they race to deploy their estimated $1.6tn war…
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London fintech investment tops $5.3bn in record-breaking start to 2021
London fintech firms have received record attention from venture capital investors so far this year, attracting $5.3bn in investment in…
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Naïm Abou-Jaoudé: ‘Covid is a wake-up call to start a green recovery’
Naïm Abou-Jaoudé’s appointment as president of Europe’s main asset management trade body in May could not have come at a…
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Morrisons bidding war continues as Apollo weighs counter offer
Apollo Global Management said Monday it is considering making a bid for grocery chain WM Morrison Supermarkets, setting up a potential three-way…
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UK companies have never looked so attractive to American bargain hunters
When US private equity giant Clayton, Dubilier & Rice made a surprise £5.54bn cash offer for British supermarket chain Morrisons…
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Elliott’s campaign against Glaxo smacks of sexism — and is doomed to fail
Activist hedge fund Elliott Management is ramping up its campaign against GlaxoSmithKline, outlining management’s flaws in a public letter ahead of the…
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Elliott Management uses open letter to spotlight concerns with GSK management
Hedge fund Elliott Management has written an open letter to UK pharmaceutical giant GlaxoSmithKline’s board to voice concerns about its…
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Billionaire Ray Dalio wants finance execs to accept that pain is ‘a teaching mechanism’
Ray Dalio, the billionaire hedge fund boss behind Bridgewater Associates, has described pain as a “teaching mechanism” in a rallying call…
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KPMG faces fine in excess of £15m for ‘grave misconduct’ over Silentnight private equity sale
KPMG is facing a fine in excess of £15m for its “grave misconduct” in relation to the sale of mattress…
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KPMG hits back at claims it ran ‘dishonest defence’ in Silentnight tribunal
A barrister for KPMG has denied the Big Four audit firm deliberately put forward a “dishonest defence” to misconduct claims…
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ESG impact on fund performance shrinking as Covid-19 sharpens focus
The impact of sustainability concerns on investment performance has continued to fall for the fourth consecutive year, according to a…
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Bill Ackman gets bullish on music streaming
Hedge-fund billionaire William Ackman says music comes just under food and water in the hierarchy of needs, but music is…
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Central bankers warn aggressive markets to be wary in the wake of Archegos
The recent failure of US-based Archegos Capital Management, a family office that made large, risky bets on a handful of…
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Private equity firm Bridgepoint plans London IPO
Private equity firm Bridgepoint said it plans to undertake an initial public offering on the London Stock Exchange. In a…
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Investors are closely watching the decline in Spac deals at Credit Suisse
Credit Suisse Group’s business underwriting blank-check Spacs boomed to start the year. That helped offset other huge problems — most…
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