By Sebastian McCarthy Monday February 21, 2022 8:32 am Private equity houses have been on an acquisition spree in the past 12 months, but there is still one asset that many of them are struggling to obtain: people. Buyout shops are racing to raise larger funds, expand into new markets and deploy vast warchests of […]
Private banking has been tested by nearly two years of the Covid-19 pandemic. The industry passed with flying colors—and with considerable help from buoyant financial markets.The global rich stuck by their bankers, even as the profession’s traditional lifeblood—cozy personal interaction—abruptly stopped flowing. Assets under management at the top 25 global private banks swelled by 14% […]
Competition in the banking sector has heated up over the past year as a result of the COVID-19 pandemic accelerating the shift to digital services. But, as businesses and local communities re-engage with more in-person interactions, community financial institutions (CFIs) could be set for a period of growth. As financial services and banking technology providers […]
If you have done even a little bit of research into the world of trading, you will know that there are many books on how to become a better trader. One book that gets mentioned time and again as a trading classic is “Market Wizards: Interviews with Top Traders” by Jack Schwager. First published in 1989, […]
Hedge fund managers have faced a litany of unique challenges since the onset of COVID-19, and have learned a lot from those lessons. I recently sat in on a discussion hosted by BNY where top managers shared their veiws about what they learned. Transparent communication is key: Given the continuing and all-permeating air of uncertainty, […]
All four publicly traded private equity firms just reported unprecedented financial results for the quarter just ended. They also reported huge inflows of assets from their limited partners. Check out the numbers: KKR, private equity portfolio climbs 9% in the quarter, posts $1.1 billion in net income. Distributable earnings of $925 million, a 104% yoy. […]
I read Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future over the summer. It’s a fantastic read and a detailed account of the ups and downs of one of the biggest visionaries of our time. It also gives you a sneak peek into Musk’s work ethic and productivity secrets he uses to […]
Apparently, this podcasting thing has really caught on. All kidding aside, there are now more than 750,000 podcasts on the market and podcast fans populate about half of the households in America. And podcasting is even more popular in Australia, Sweden, Spain, and South Korea. It is a global phenomenon driven by smartphones and a […]
Content Summary Private equity could grow by five times over the next decade. Big firms will get bigger and smaller firms will specialize. Firms will need to align with environment, social and governance expectations. ________________________________________________________ The modern private equity (PE) industry has come a long way from the junk bond and leveraged buyout days […]
__________________________________________________________________________________________________________ In May of 2019, I was accepted to the Eli Whitney student program at Yale University. At 52, I am the oldest freshman in the class of 2023. Before I was accepted, I didn’t really know what to expect. I had seen the infamous YouTube video of students screaming at a faculty member. I […]
