Private equity houses ready to offload assets at cut prices as deals appetite returns January 17, 2024 Private equity houses are preparing to offload their assets at cut prices this year as appetite for deals rebounds and pressure builds on investors to begin generating cash, a new report has suggested.
Woodford deal could create ‘systemic risk’ by scrapping investor protections, say academics January 17, 2024 A group of academics have warned that the planned £230m compensation for Woodford investors “would be likely to set a dangerous precedent” by scrapping “cornerstone” protections for investors provided by regulators.
Bowmark Capital: It is a ‘very attractive time to invest in mid-market companies’ as firm raises £900m January 17, 2024 The latest fund from Bowmark Capital launched with a target of £800m, which was rapidly achieved in October 2023, with total commitments summing about 50 per cent larger than its predecessor.
Liontrust raids GAM staff after failed takeover bid January 17, 2024 GAM head of global equity Mark Hawtin has now been hired by Liontrust itself to begin in May. The manager will also bring his investment team, with David Goodman, Kevin Kruczynski and Pieran Maru all set to join.
City fund managers bleed assets in last quarter of 2023 January 17, 2024 Liontrust Asset Management, Rathbones and Brooks Macdonald all suffered outflows over the fourth quarter of the year, the firms revealed in stock exchange notices today.
As Panmure pulls the trigger, could Peel Hunt be the next broker to strike? January 17, 2024 Smaller investment banks have been through a wave of deals this year - could Peel Hunt be next?
Rich Ricci: Who is the horse racing chief of the City’s newest investment bank? January 16, 2024 Racehorse owner Rich Ricci is set to be reunited with his former Barclays boss Bob Diamond with the merger of investment banks Panmure Gordon and Liberum.
Wise hikes profit guidance as customers sending cash overseas surges again January 16, 2024 Money transfer firm Wise reported another boost in the amount of customers pinging cash overseas today as it continued to feel the lift of rising interest rates in the final three months of the year.
General Atlantic snaps up UK infrastructure firm to create $96bn investor January 16, 2024 US private equity giant General Atlantic has snapped up a London infrastructure investor to create a “global investment platform” with some $96bn in assets under management, the firms announced today.
Financial deals set for rate-fuelled rebound from nine-year low, EY says January 16, 2024 Mergers between financial services firms could be set for a rebound this year despite UK deals slumping to a nine-year low in 2023, EY has said.