In the ongoing scandal of Wirecard, under fire for fraud, the focus is now turning to auditors Ernst & Young (EY), which reportedly failed to report Wirecard’s “unorthodox financial arrangements” as far back as 2016, The Wall Street Journal (WSJ) reported....
The mountain of cash held by private equity firms is turning out to be a mirage for companies they own that are struggling due to the coronavirus pandemic. The buyout industry has spent years building up its dry powder, or money that investors have committed to...
The Labor Department gave the green light for defined contribution plan sponsors to incorporate certain private equity strategies into their investment options, such as target-date, target-risk or balanced funds, so long as a prudent fiduciary process is undertaken....
The impact of COVID-19 on financial markets has been profound and, in most cases, has negatively impacted the value of assets and investment opportunities. However, as is the case in every major market disruption, some asset classes weather the storm better than...
Every journey of a thousand miles starts with a single step. For the world’s largest e-commerce investor, that happened in an Uber. It was the definition of a captive audience. “Our first product was serving Uber drivers and we took Ubers and we pitched our product,”...
