UK property groups feel pandemic pain

UK property groups feel pandemic pain

Three property companies have laid bare the impact of coronavirus on the UK market, with the pandemic hitting valuations and customer interest. Property companies across the UK have been hit hard by both the virus and the government’s response. Commercial tenants have...
Private equity’s 2020 US election bets mostly pay off

Private equity’s 2020 US election bets mostly pay off

Most of the private equity industry’s favored 2020 political candidates were victorious in last week’s voting, a result reflecting the industry’s financial and political clout. Although control of the Senate isn’t yet decided and is likely to...
US investor Bill Ackman places new bet against corporate credit

US investor Bill Ackman places new bet against corporate credit

The fund manager Bill Ackman has placed a large bet that companies around the world will struggle to pay their debts because of the economic hit from the coronavirus pandemic, only eight months after he netted $2.6bn from a near-identical trade. Speaking at a digital...
Brookfield Plots $50 Billion Push Into Market for Secondaries

Brookfield Plots $50 Billion Push Into Market for Secondaries

Brookfield Asset Management Inc. is embarking on an aggressive move into the secondary market for private assets, the first step in what Chief Executive Officer Bruce Flatt says could become a $50 billion business. The secondary market allows firms like Brookfield to...