Silver Lake’s astonishing $18B in 3 months leads list of PE pandemic defiers
For the last 10 years, it has taken an average 15 to 18 months for a private equity fund to close, according to Preqin data. In 2020, a list of private equity firms in North America has shattered those parameters, gathering multibillions of dollars in a few months. “When you have a look at the […]
Cincinnati Retirement revamps asset allocation
Cincinnati Retirement System adopted a new asset allocation, which includes changes to the structures of its equity and fixed-income targets and an increase in the target to global infrastructure. The $2.1 billion pension fund’s board approved the new allocation in November following the completion of an asset allocation study by investment consultant Marquette Associates, confirmed Beverly Nussman, […]
SPACs face increasing hurdles in race to get deals done
An exclusive club of SPACs backed by private equity, venture capital and hedge fund titans may have a New Year’s resolution: Deploy tens of billions of dollars, upend the conventional IPO and deliver huge returns with modest risk. And they have less than two years to make it all happen. That monumental task is getting […]
Peter Hargreaves’ fund house records first profit
Blue Whale Capital, the asset management firm co-founded by Hargreaves Lansdown founder Peter Hargreaves, has recorded a profit of £362,000 in the year to the end of March 2020. The profit compared with a loss of £280,000 recorded in 2019. Blue Whale Capital was founded by Mr Hargreaves and former Artemis fund manager Stephen Yiu […]
Sanlam to take over £1.2bn Smith & Williamson fund range
Sanlam Investments is to take over the management responsibility for a raft of portfolios currently run by Smith & Williamson Investment Management. The firms announced today (January 4) they had agreed a deal which will see eight funds transfer to Sanlam, adding £1.2bn in assets under management, six fund managers and four other staff members […]
Bubble Tea Chain Naixue Raises New Funds at $2 Billion Value
Shenzhen-based firm has raised more than $100 million. PAG led the funding round with Yunfeng Capital co-investing. The owner of bubble tea chain Nayuki, also known as Naixue’s Tea in Chinese, has completed a new funding round that values the company at nearly $2 billion, according to people familiar with the matter. Shenzhen Pindao Restaurant Management […]
Link Group to acquire Casa4Funds
Link Group is to acquire Casa4Funds from Banor Capital, subject to regulatory approval. Casa4Funds is one of the oldest European independent third-party UCITS Management Companies and Alternative Investment Fund Managers (AIFM), headquartered in Luxembourg. The acquisition will provide additional scale for Link Fund Solutions in Luxembourg, Europe’s largest investment fund centre. It will also provide […]
Blackstone Senior Floating Rate Term Fund (BSL) Ex-Dividend Date Scheduled for December 30, 2020
Blackstone Senior Floating Rate Term Fund (BSL) will begin trading ex-dividend on December 30, 2020. A cash dividend payment of $0.103 per share is scheduled to be paid on January 29, 2021. Shareholders who purchased BSL prior to the ex-dividend date are eligible for the cash dividend payment. At the current stock price of $14.34, […]
Big tech bets and cryptocurrencies power 2020’s top U.S. funds
NEW YORK – Outsized bets on large U.S. technology companies and emerging cryptocurrencies fueled the year’s top-performing U.S. mutual fund and exchange-traded funds as the coronavirus pandemic upended global markets, while funds that bet on oil and gas companies fell nearly 100%, according to data from fund-tracker Morningstar. The year was a challenge like few […]
