{
}
Lone Pine Capital rebounded in the third quarter, with its long-short fund, Lone Cypress, gaining 5% and its long-only fund, Lone Cascade, rising 8%, bringing year-to-date increases to 23% and 25%, respectively. Despite these gains, the firm, founded by Stephen Mandel Jr., remains below its high-water mark due to a modified fee structure that allows partial performance fees while waiting for full recovery of losses. Currently managing about $17 billion, Lone Pine's portfolio focuses on major tech stocks and beneficiaries of artificial intelligence.
MBMG Holding LLC, operator of Clinical Care Medical Centers in Florida, has filed for Chapter 11 bankruptcy, citing financial struggles due to Medicaid and Medicare changes, rising costs post-COVID-19, and substantial debt from its acquisition by Sun Capital Partners. The company plans to sell its 26 facilities to a Humana affiliate for $45 million, pending court and regulatory approvals. KKR has agreed to provide $10 million in financing to support the bankruptcy process.
State Street Global Advisors and Apollo Global Management have proposed a groundbreaking ETF that would invest in both public and private credit, pending SEC approval. While this move aims to democratize access to private markets, concerns about valuation, liquidity, and potential self-dealing remain, as the ETF would rely heavily on Apollo for asset pricing and liquidity. The initiative reflects a growing trend to merge private and public investments, despite skepticism regarding the implications for long-term investment strategies.
KKR & Co. Inc.
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Lone Pine Capital rebounds but remains below previous performance highs
United States Dollar
Amazon.com, Inc.
KKR & Co. Inc.
Vistra Corp.
Philip Morris International Inc.
Meta Platforms, Inc.
Microsoft Corporation
Taiwan Semiconductor Manufacturing
TWN
USA
Stephen Mandel Jr.
Show more
17:22 22.10.2024
florida medical centers file chapter 11 seek sale to humana affiliate
United States Dollar
Humana Inc.
Capital One N.A.
Mount Sinai Health Systems
KKR & Co. Inc.
USA
Nicholas Campbell
KKR & Co. Inc.
Show more
09:00 14.10.2024
new etf proposal aims to democratize access to private credit markets
Encore Capital Group, Inc.
Apollo Global Management, Inc.
KKR & Co. Inc.
Invesco Ltd.
State Street Global Advisors
USA
Ron O'Hanley
Brian Moriarty
Marc Rowan
Aaron Filbeck
Nizar Tarhuni
Show more
23:26 26.09.2024
Trending
Subcategory
Stock Market Updates
Corporate News
Industry Trends
Global Trade Developments
Global Financial Events
Finance Mergers & Acquisitions
Banking Regulations
Retail and Consumer Goods
Startups & Entrepreneurship
Industry Mergers & Acquisitions
Central Bank Actions
Inflation and Monetary Impact
Market Analysis and Predictions
CEO Changes
Government Economic Policies
Government Policies
Domestic Politics
Workplace Trends
GDP Growth & Recession Forecasts
Financial Scams and Security
Countries:
Companies:
Barclays PLC
Apple Inc.
JPMorgan Chase & Co.
Tesla, Inc.
Deutsche Bank Money Market PP
Banco Santander, S.A.
The Goldman Sachs Group, Inc.
Credit Suisse Strategic Income I
Berkshire Hathaway Inc.
Lloyds Banking Group plc
SpaceXCoin USD
Bank of America Corporation
UBS Group AG
Morgan Stanley
Amazon.com, Inc.
Wells Fargo & Company
BNP Paribas SA
NVIDIA Corporation
UniCredit S.p.A.
Bank Frick AG
Currencies:
United States Dollar
Euro
British Pound Sterling
Swiss Franc
Japanese Yen
Indian Rupee
Chinese Yuan
Vietnamese Đồng
South Korean Won
Canadian Dollar
Australian Dollar
Thai Baht
New Taiwan Dollar
Singapore Dollar
Indonesian Rupiah
Mexican Peso
Cambodian Riel
Russian Ruble
Hong Kong Dollar
Offshore Chinese Yuan
People:
Donald Trump
Elon Musk
Warren Buffett
JD Vance
Sergio Ermotti
Mark Haefele
Robin Leopold
Olivier Calvet
Troy L Rohrbaugh
Jennifer Piepszak
Karoline Leavitt
Ursula von der Leyen
Alex Kramm
Susan P. Crawford
Scott Bessent
Stacey Friedman
Jeff Bezos
George Saravelos
Francois Xavier Bouvignies
Joseph Spak