{
}
As Wall Street employees anticipate their Christmas bonuses, they reflect on their value, particularly in light of potential shifts in leadership. The prospect of high-profile figures like Jamie Dimon and Marc Rowan leaving for public office raises concerns among shareholders about the future of major financial institutions.
Milwood Hobbs, Managing Director and Head of Sourcing & Origination at Oaktree, discusses the complexities of credit investing, particularly in private credit where deal sourcing is challenging. He shares insights on how he receives deal offers and evaluates opportunities based on his extensive experience in leveraged finance.
Jeremy Coller, a prominent UK private equity founder, has appointed Sara Macedo as the first CEO of his family office, Coller Holdings. This move marks a significant step as Coller expands his investments beyond his namesake firm, with Macedo joining in September.
Vikas Khemani, founder of Carnelian Asset Management, downplays concerns over a slowdown in earnings, predicting a 14-15% growth over the next two years despite potential short-term dips. He notes that the narrative of foreign investors pulling out of India due to economic worries is misleading, as much of the capital reallocation to China has already occurred. Khemani emphasizes the importance of fund managers' strategies in market performance, explaining the shift of capital towards China during its market surge.
China's yuan is projected to weaken to record lows as U.S. tariff threats escalate, with major investment banks forecasting an average of 7.51 per dollar by the end of 2025. The yuan's depreciation poses challenges for Chinese authorities, who aim to stabilize the currency while reviving the economy. The People's Bank of China is expected to implement measures to prevent excessive declines, balancing currency control with economic growth.
Citadel Advisors, Pimco, and Western Asset Management are set to acquire stakes in Spirit Airlines following the airline's bankruptcy restructuring. These firms, which hold Spirit's 8% senior secured notes due in 2025, will exchange these notes and convertible bonds for equity once the company exits bankruptcy next year.
Actively managed exchange-traded funds (ETFs) are emerging as a significant trend in investment, attracting $603 billion from investors while active mutual funds faced $2.2 trillion in outflows since 2019. With lower fees and tax efficiency, active ETFs are seen as a growth engine for active management, despite representing only 8% of ETF assets. The conversion of active mutual funds to ETFs has further bolstered this trend, with funds experiencing a notable increase in inflows post-conversion.
Diego Megia's Taula Capital Management is set to reopen its hedge fund to raise an additional $1 billion, following a successful $5 billion launch earlier this year. The new capital is expected to be sourced from existing investors between December and March.
Australia's largest pension fund, AustralianSuper, has expanded its international equities team in London by hiring three senior investment managers. Steve Kelly from AXA Investment Managers will co-head high growth global equities with Anu Narula, who joins from Mirabaud Asset Management. Colin Moar, previously with Barings, has been appointed as senior portfolio manager for technology stocks.
KKR has officially opened a permanent office in Zurich, enhancing its Global Wealth Solutions team with key hires Derya Kara and Mattia Castrovillari. This expansion aims to strengthen ties with private banks and wealth managers in Switzerland, reflecting the growing demand for KKR's investment expertise in the region.
Hedge Funds & Private Equity
SubCategory
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
pondering worth on wall street amid potential political shifts
United States Dollar
JPMorgan Chase & Co.
Apollomics, Inc.
USA
Jamie Dimon
Scott Bessent
Marc Rowan
Show more
12:29 28.11.2024
insights from oaktree's head of sourcing on private credit deals
10:00 28.11.2024
coller holdings appoints sara macedo as first chief executive officer
07:00 28.11.2024
earnings growth expected despite short-term slowdown concerns says asset manager
05:44 28.11.2024
us tariffs threaten yuan as investment banks predict record lows
Chinese Yuan
United States Dollar
Nomura Holdings, Inc.
Macquarie Group Limited
Morgan Stanley
Capital Economics (N.A.) Ltd.
Societe Generale
Oxford Economics Ltd.
J.P. Morgan Access Multi-Strategy Fund II FUND
DBS Bank
BNP Paribas SA
UBS
Barclays PLC
The Goldman Sachs Group, Inc.
ING
USA
CHN
Cedric Chehab
Ju Wang
Scott Bessent
Donald Trump
Mitul Kotecha
Jonas Goltermann
Wei-liang Chang
Show more
04:56 28.11.2024
citadel and pimco to acquire stakes in spirit airlines after bankruptcy
22:34 27.11.2024
active exchange-traded funds emerge as a key player in investment management
United States Dollar
Bank of America Corporation
Morningstar, Inc.
Securities and Exchange Commission
S&P Global Inc.
USA
Jared Woodard
Bryan Armour
Show more
19:07 27.11.2024
diego megia's taula capital management seeks to raise additional billion dollars
13:06 27.11.2024
Australia's largest pension fund expands London equities team with new hires
Barings
Mirabaud Asset Management AG
AXA Investment Managers SA
AUS
Steve Kelly
Colin Moar
Anu Narula
Show more
08:00 27.11.2024
kkr expands presence in zurich with new office and key hires
United States Dollar
iCapital
Moonfare
UBS
KKR Kohlberg Kravis Roberts
Partners Group Holding AG
Blackstone Inc.
USA
Scott C. Nuttall
Mattia Castrovillari
Markus Egloff
Joe Bae
Hagen Raab
Tomislav Culic
Derya Karadaş
Show more
07:25 27.11.2024
Trending
Subcategory
Corporate News
Industry Trends
Startups & Entrepreneurship
Retail and Consumer Goods
Supply Chain Management
Global Trade Developments
Stock Market Updates
Government Economic Policies
Industry Mergers & Acquisitions
Energy Sector Developments
Workplace Trends
Funding Rounds & Investments
CEO Changes
AI Applications
Private Equity Deals
Emerging Startups
Fintech Startups
AI Innovations
Global Financial Events
Central Bank Actions
Countries:
Companies:
Apple Inc.
Google Inc.
Tesla, Inc.
Amazon.com, Inc.
Microsoft Corporation
Tesmec S.p.A.
Alphabet Inc.
OpenAI ERC USD
Walmart Inc.
SWIGGY LIMITED
TENCENT
NVIDIA Corporation
Foxconn Technology Co., Ltd.
Hollywood Bowl Group PLC
NASDAQ Composite
Wise plc
Mastercard Inc
Bose Corporation
Mistral 1
Fast Retailing Co., Ltd.
Currencies:
United States Dollar
Indian Rupee
Chinese Yuan
Euro
Japanese Yen
British Pound Sterling
United Arab Emirates Dirham
Vietnamese Đồng
South Korean Won
New Zealand Dollar
Saudi Riyal
Thai Baht
Australian Dollar
Indonesian Rupiah
Singapore Dollar
Omani Rial
Bahraini Dinar
Qatari Riyal
Algerian Dinar
Egyptian Pound
People: