It’s the little endowment that could. Brown’s $4.7 billion fund is the smallest of the eight Ivy League schools. Brown’s 12.1% return beat its larger peers, including Harvard, whose $41.9 billion fund gained 7.3%, and Yale, whose $31.2 billion rose 6.8%. The...
After a decade of strong and improving performance, leveraged buyouts (LBO) returns are starting to deteriorate as Covid-19 crisis advances. In the first two quarters of 2020, LBO funds around the world delivered an average multiple of 1.36x on invested capital, a...
TP ICAP has agreed to buy US equities trading business Liquidnet in a $575m deal that pushes the London broker into the share trading market. To fund the acquisition, TP ICAP will launch a rights issue to raise about $425m and will pay only half the £94m dividend that...
SPACs in 2020 –the new model for Private Equity? “Unprecedented” has become the word of 2020; used to describe many of the challenges now facing the world it is a common feature of the year’s news reports, but it is also a word though that aptly...
HSBC will target net zero carbon emissions across its entire customer base by 2050 at the latest, and provide between $750 billion and $1 trillion (772 billion pounds) in financing to help clients make the transition, Chief Executive Noel Quinn told Reuters. The...
