Julius Baer has poached a senior executive from rival Swiss wealth manager UBS to set up a new division offering private equity and debt investments to its ultra-wealthy clients. The move illustrates how a prolonged period of low interest rates has forced the likes of...
Early bets on two acquisition targets propelled a Toronto-based hedge fund to a 55.6% gain during the second quarter. Bedford Park Capital, run by the firm’s portfolio manager and CEO Jordan Zinberg, first purchased shares in gaming firm Seven Aces Ltd. at C$0.96 in...
The allure of electric vehicles is boosting shares of blank-check companies, the latest being Apollo Global Management-backed Spartan Energy Acquisition Corp. Spartan Energy became something of an overnight sensation Thursday after Reuters reported that it was leading...
The coronavirus has brought the private equity secondary market to a halt with buyers and sellers re-evaluating pricing and risk Early this year, the private equity secondary market had just started heating up as buyers prepared for a wave of deals, both from...
Bill Ackman’s blank-check company increased the size of its initial public offering, aiming to raise $4 billion for an unspecified acquisition. Pershing Square Tontine Holdings Ltd. is now marketing 200 million units for $20 apiece, according to a regulatory filing...
