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Search resuls for: "Chris Cumming"


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Republicans Lead Race for Private Equity’s 2024 Dollars
  + stars: | 2023-09-21 | by ( Chris Cumming | ) www.wsj.com   time to read: 1 min
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Organizations: Wall Street
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Organizations: Wall Street
Private equity’s recent challenges in fundraising, deal making and exits don’t dim the long-term outlook for the asset class, a new report from Bain & Co. says. While interest rates have risen and many investors are worried about the future, a long-expected recession hasn’t arrived, and many private-equity deal makers are ready to get back to work, said Hugh MacArthur, chairman of private equity for the Boston-based consulting firm. “Fundamentally, nothing is broken in the global economy,” he said.
FCA officials said the sector will begin adapting ahead of the rules, as it did with similar rules in the European Union. They rejected concern among lawmakers the new regime would create "bubbles" as money flocked to the fewer funds that qualify as sustainable. Lawmakers on the committee examining the FCA's proposals put Cummings on the defensive over his criticism that too many funds will be excluded. Kate Levick, associate director of sustainable finance at think tank E3G, told the hearing the FCA's plan "would remove the significant amount of greenwashing currently in the market". ($1 = 0.8290 pounds)Reporting by Tommy Reggiori Wilkes and Huw Jones; Editing by Mark Potter and Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.
Resume SubscriptionWe are delighted that you'd like to resume your subscription. You will be charged $ + tax (if applicable) for The Wall Street Journal. You may change your billing preferences at any time in the Customer Center or call Customer Service. You will be notified in advance of any changes in rate or terms. You may cancel your subscription at anytime by calling Customer Service.
Pension Funds Struggle to Gauge Crypto Exposure
  + stars: | 2022-11-17 | by ( Chris Cumming | Rod James | ) www.wsj.com   time to read: 1 min
Public pensions in the U.S. have mostly shied away from digital assets, a sector whose Wild West ethos and extreme volatility are widely seen as bad fits for institutional investors that aim to protect retiree savings. Yet many pensions have millions of dollars in exposure to the cryptocurrency asset class through investments in venture-capital funds that backed crypto companies.
Employees of private-equity firms have given $146.8 million to political candidates and committees for Tuesday’s U.S. elections, federal records show. The sum is the most the buyout industry has ever spent on a nonpresidential election cycle, according to data from the Center for Responsive Politics, a nonprofit group in Washington that tracks political spending. The total is 26% more than the industry’s former record, set in the 2018 midterm elections.
Resume SubscriptionWe are delighted that you'd like to resume your subscription. You will be charged $ + tax (if applicable) for The Wall Street Journal. You may change your billing preferences at any time in the Customer Center or call Customer Service. You will be notified in advance of any changes in rate or terms. You may cancel your subscription at anytime by calling Customer Service.
Britain's fund management assets rise in 2021, slowdown seen
  + stars: | 2022-09-26 | by ( ) www.reuters.com   time to read: +2 min
Register now for FREE unlimited access to Reuters.com RegisterA worker arrives at his office in the Canary Wharf business district in London Feb. 26, 2014. LONDON, Sept 27 (Reuters) - Fund managers in Britain posted a 6% rise in assets under management to 10 trillion pounds ($10.8 trillion) last year, but a slowdown is likely, the Investment Association (IA) said on Tuesday. The 2021 growth rate was below the 11% compound average annual increase seen in the last 10 years, according to an IA survey. Register now for FREE unlimited access to Reuters.com Register"Rising interest rates bring the spectre of recession and weaken the outlook for asset growth." ($1 = 0.9260 pounds)Register now for FREE unlimited access to Reuters.com RegisterReporting by Carolyn Cohn and Huw Jones Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.
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