Other Voices: Secondary buyouts are on the rise - will it last?... [more]By: Eric Chow and Louis Lehot, partners at Foley & Lardner LLP, a US-headquartered international law firm.
In a time when exit strategies have pivoted, and options might be more limited, it is no surprise that secondary buyouts have rebounded. According to recent coverage from PitchBo
Avenue Capital Group amasses over $1bn for fifth Europe fund... [more]Laxman Pai, Opalesque Asia: American multinational investment firm Avenue Capital Group closed its latest fund - Avenue Europe Special Situations Fund V - with more than $1 billion as investor appetite for European lending strategies picks up.
For its asset-backed lending opportunities-focused
TPG raises almost $8 billion for latest Asia funds... [more]Bailey McCann, Opalesque New York: Private equity firm TPG has raised has closed its eighth Asia focused private equity fund, TPG Asia VIII, as well as its first TPG Angelo Gordon Asian real estate funds, TPG AG Asia Realty Fund V and the TPG AG Japan Realty Value Fund. These are the first Gordon
Tigers sidestep sell-off... [more]From Institutional Investor: The broad stock market indices in April suffered their worst monthly losses since September 2023.
But a number of Tiger-related funds were able to avoid similar losses and actually squeeze out small gains for the month. They can thank their short-selling and other
Lazard AM shuts thematic fund which once held $2.59bn... [more]From City Wire: Lazard Asset Management has liquidated a thematic global equities fund, which once held assets worth €2.4bn ($2.59bn). The Lazard Global Thematic fund, launched in August 2005 saw assets under management peak at $2.647bn in February 2011, according to Morningstar data.
How
Everything investors know about hedge funds is based on flawed data... [more]From Institutional Investor: If the best performing small-cap companies hadn't publicly reported their returns for decades, investors would question everything from how much they allocated to these stocks to the validity of academic research showing that small caps outperform large-caps.
Well,
Commodity: Why Western investors don't care about gold's record rise... [more]From City Wire: VanEck's Imaru Casanova summed up Western investors' response to gold's recent rise as follows: It's kind of incredible,' the US-based gold equities portfolio manager told Citywire. 'Gold is at $2,400 and nobody cares.'
That statement is not much of a stretch. Bullion's rise to
Europe: Europe's direct lenders respond to bank challenge, patchy M&A outlook... [more]From Pitch Book: Reflecting the challenging conditions, Q1 2024 was Europe's weakest quarter for M&A deal value since the Covid-19 lockdowns of Q2 2020, according to PitchBook data, which shows a 12.1% year-over-year decline in total European M&A deal value in Q1 and a 26.2% decline quarter-over-qua
Asia: Are rising HK stocks reaching an inflection point?... [more]From Asian Investor: Are Hong Kong stocks finally bouncing back or is it just a bear market rally that will soon fade? Fund managers weigh the drivers and risks.
Hong Kong stocks are currently enjoying their most impressive winning streak since late 2022, leaving investors to question whether
Regulatory: Big Tech regulatory crackdown spreads to Asia and Australia... [more]From FT: Japan, South Korea and Australia are tightening rules to rein in the market power of Big Tech groups, posing fresh regulatory challenges for Apple and Google following a similar crackdown in the EU and the US.
The cabinet of Japanese prime minister Fumio Kishida recently approved lan
And, finally: Calls for kebabs to be subsidised... [more]The cost of kebabs has become something of a running joke in German politics, with Chancellor Olaf Scholz remarking that everywhere he goes he is asked about it.
Should the government subsidise kebabs? That's the question in Germany at the moment amid fears the price of the dish could surpass
Criminals continue to fleece high net-worth individuals and family offices through sophisticated scams that involve elaborate presentations, fake companies and websites, and fraudulent documents that appear credible.
We've documented three cases that describe the highly sophisticated, complex structures and cunningly designed processes which ultimately lead to straightforward investment fraud. This has
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