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There is a thought-provoking discussion on short selling over at Russell Clark ; check it out (including audio) to get an overview of his perspective. I don’t really disagree with any of it but I do (did) see the world of short-selling from a different seat. Allow me to share a few thoughts about shorting as a trading strategy; I include specifics at the end.
Image source: Getty Images Flights are a travel expense that can quickly make any vacation costly. Even if you budget accordingly and buy your tickets well in advance, you may have to spend more than you'd prefer. But Costco has a deal that could help some travelers save money on flights. The warehouse club sells discounted gift cards to its members.
Wagamama owner The Restaurant Group has agreed to a takeover by private equity giant Apollo in a deal worth more than £700m. The Restaurant Group (TRG) said it backed the “certain value” offered by the deal amid consumer spending woes and wider economic uncertainty. Apollo will pay 65p a share for TRG, which marks a 34% premium on the firm’s share price as of market close on Wednesday.
Norbec is a Boucherville, Quebec-based manufacturer of insulated metal panels and walk-in coolers and freezers. The post Sagard Private Equity Canada invests in growth of Norbec appeared first on PE Hub.
In 1950 long-term U.S. government bonds yielded a little more than 2%. By the end of that decade they would hit 4.5%. Yields jumped to 6.9% by the end of the 1960s and 10.1% by the end of the inflationary 1970s. Then they skyrocketed in the early-1980s, going from just over 10% at the end of 1979 to nearly 15% by the fall of 1981. In a little over 30 years, bond yields went from 2% to 15%.
Artificial intelligence (AI) could have a greater impact on society and the economy than the internet or the smartphone. It's still early days, but the technology has already showcased its ability to answer almost any question posed by users, and it can also generate text, photos, videos, and computer code on demand. Those capabilities could drive a productivity boom for businesses that could be worth a whopping $200 trillion to the global economy by 2030, according to Cathie Wood's Ark Investme
Bain Capital has put off its plans for an initial public offering of Virgin Australia airline to next year, a person with knowledge of the matter said on Tuesday. The U.S.-based private equity firm will consider listing in 2024 after assessing market conditions, said the source who declined to be identified as the discussions were private. Bain said in January it would explore re-listing Virgin, which it bought for $2.45bn including liabilities in 2020 after it was placed in voluntary administ
TradePending is a sales enablement and consumer experience software platform for car dealerships. The post Capstreet-backed TradePending snaps up marketing agency Fixed Ops Digital appeared first on PE Hub.
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TradePending is a sales enablement and consumer experience software platform for car dealerships. The post Capstreet-backed TradePending snaps up marketing agency Fixed Ops Digital appeared first on PE Hub.
The 10 year Treasury yield recently hit 4.8%, its highest level since the summer of 2007. That’s higher than the dividend yield on all but 53 stocks in the S&P 500. Just four stocks out of 30 in the Dow Jones Industrial Average yield more than the benchmark U.S. government bond.1 The dividend yield on the S&P 500 has been falling for years from a combination of rising valuations and the increased usage of sh.
Shares of Pinterest (NYSE: PINS) have fallen 68% from the previous peak, but the image-based social media app is reporting much better growth than a year ago. Accelerating revenue growth and prospects for an improving advertising market have pushed the stock up 17% this year, but Pinterest is not out of the woods yet. Its strategy to launch shoppable ads on its platform puts it in more direct competition with Meta Platforms ' Instagram, but Pinterest has one advantage that could drive more growt
Allianz Global Investors has launched its first semi-liquid fund, aiming to raise €3bn in capital to invest into private markets. The Allianz Core Private Markets fund will allow professional investors access to private markets and will be fully-paid in, meaning that investors do not have to deal with capital calls. It will invest in private equity, corporate private debt and infrastructure equity and debt, alongside Allianz.
Ronin formed Lotus Beverage Alliance in April when the PE firm merged six craft beverage equipment providers. The post Ronin Equity seeks add-ons after merging six companies to craft Lotus appeared first on PE Hub.
In August of 2022, I explained how Amazon became ordinary. Today I want to discuss how they have become bad. Since I first discussed the companies that lost my affection during the pandemic nearly two years ago, Amazon continues to stand out as delivering an ever-worsening set of experiences. I wanted to wait until after the (faux retail holiday) Prime Day(s) ended before sharing a few tales of further (to use Cory Doctorow’s phrase) “ Enshittification.” There are many problem
Image source: Getty Images Many workers rely on their employers to provide them with a savings plan for retirement. But not every company sponsors a 401(k) plan. So if you don't have access to one, you may be thinking of opening an individual retirement account (IRA) instead. As of 2020, only about 18% of Americans had an IRA, reports the U.S. Census.
Mubadala Capital, the investment arm of Abu Dhabi’s sovereign wealth fund, is bullish on Brazil’s growth prospects under President Luiz Inacio Lula da Silva and plans to invest more than $1bn a year to expand its holdings in the country that range from an oil refinery to a toll road. More than a decade after coming to Brazil to invest in then-billionaire Eike Batista’s commodities empire, the firm has deployed more than $5 billion in the country, Oscar Fahlgren, the head of Mubadala Capital in
According to terms of the deal, shareholders will receive $13 per share. The post ShoreView Industries to take tools manufacturer P&F private appeared first on PE Hub.
This week, we speak with Michael Lewis, whose latest book is “ Going Infinite: The Rise and Fall of a New Tycoon , ” on FTX founder Sam Bankman-Fried. He takes readers into the mind of Bankman-Fried, whose rise and fall offers an education in high-frequency trading, cryptocurrencies, philanthropy, bankruptcy, and the justice system. We discuss his writing process, and what made this book so different than his prior ones: A focus on personalities instead of some broad social upheaval.
ChargePoint (NYSE: CHPT) became the world's first publicly traded electric vehicle (EV) charging network company after it merged with a special purpose acquisition company (SPAC) on March 1, 2021. ChargePoint closed at $30.11 on its first day but now trades at about $3. Like many other SPAC-backed EV companies, it lost its luster as its growth cooled off, it racked up ugly losses, and its bubbly valuations popped due to rising interest rates.
Private equity firm BPEA EQT and Ontario Teachers’ Pension Plan Board are among firms considering a deal to acquire Aster DM Healthcare Ltd. assets including its India business, according to people familiar with the matter. BPEA EQT and OTPP have expressed preliminary interest in the hospital operator’s business in the South Asian nation, the people said.
Citation Capital is backing snacking firm Cibo Vita. The post Ronin brews up craft beverage equipment platform; new shop Citation Capital invests in smart snacking appeared first on PE Hub.
Warburg Pincus has closed its fourteenth fund, Warburg Pincus Global Growth 14 LP (Fund 14) with $17.3 billion of capital. Warburg began fundraising in 2021 with a target of $16 billion. Fund 14 is the largest-ever fundraise in the firm’s 57-year history, exceeding its previous global flagship fund which closed with $15 billion of capital… This content is for members only.
Image source: Getty Images When it comes to retirement planning, there are many different factors people try to plan for, including how much to save, how long retirement will last, and what things you want to do in retirement. But one thing that some people overlook, which can significantly impact their retirement, is their health. Here's why your healthcare -- and all the expenses that come along with it -- should be a factor in your overall retirement planning strategy.
Aberdeen oil services company THREE60 Energy, majority-owned by Simmons Private Equity, has acquired sector stablemates Pryme Group and Flexlife to take its headcount to 1,000-strong, and declared it has “huge growth potential”. Pryme Group and Flexlife were also controlled by Simmons Private Equity. The enlarged THREE60 business will have annual revenues of around £200m.
AEA Investors has held an oversubscribed closing of its fifth small business private equity fund (SBPE), AEA Investors SBF V LP (Fund V), with more than $1.3 billion in total equity commitments surpassing its $1.0 billion target. Fund V represents an increase of over 50% of third-party capital from the firm’s earlier fund which closed… This content is for members only.
Image source: Getty Images No, it's not just you. Tire prices have gone up. The average price of tires has risen 21.4% over the last two years, according to Michael Grabell from ProPublica. That would make a tire that cost $100 about $120 in today's dollars, while a tire that cost $250 would now be $300. To make matters worse, you can't always plan for tire expenses.
BV Investment Partners, a Boston based private equity firm focused on tech-enabled business services, software, and IT services for more than 40 years, announced today the closing of a single-asset continuation fund transaction for Right Networks, a premier provider of cloud solutions to tax and accounting firms. This transaction continues BV Investment Partners’ ownership of the company and reaffirms its commitment to supporting Right Networks’ long-term growth strategy.
Thanks to the athletes and Gen Z fans, new forms of connectivity are growing the value base of sports – it’s the cusp of a new era. The post Talent: the next gold rush in sports investing appeared first on PE Hub.
Apax Partners has closed the acquisition of Bazooka Candy Brands from Tornante Company and Madison Dearborn Partners. New York City-headquartered Bazooka produces, markets, and distributes a range of candy products including lollipops, gummies, chewy candy, gum, and chocolate under the brands Ring Pop, Push Pop, Baby Bottle Pop, Juicy Drop, and Bazooka Bubble Gum.
What happened Shares of Fresenius Medical Care (NYSE: FMS) were down more than 18% as of noon ET on Wednesday. The healthcare company's shares are up a little more than 5% so far this year. The drop came because a competitor's drug fared well in preventing kidney disease, and a big part of Fresenius' business is in dialysis therapies. So what Fresenius is the world's largest provider of products and services for individuals with kidney diseases.
Incline Equity Partners (“Incline”), a leading private equity firm dedicated to investing across the middle market, is pleased to announce the successful closing of Incline Equity Partners VI, L.P. (together with parallel vehicles, the “Fund” or “Fund VI”). Fund VI closed with more than $1.9bn of aggregate capital commitments, significantly surpassing its initial fundraising target.
ZyTech is a Balzac, Alberta-based designer, manufacturer and distributor of building materials for the construction industry. The post TriWest Capital Partners sells Zytech Building Systems to Rona appeared first on PE Hub.
Grove Mountain Partners has sold Central States Paving and Concrete to Pave America, a portfolio company of Shoreline Equity Partners and Trivest Partners. Grove Mountain will maintain an equity interest in the business in partnership with Shoreline and Trivest. Shoreline formed Pave America in June 2021 (then Pavement Partners) in partnership with Tom York, the… This content is for members only.
With its shares down 10% year to date, Nio (NYSE: NIO) has had a tough go of it lately. Like many electric vehicle (EV) makers , it faces a challenging combination of rising rates, competition, and cash burn that puts its viability in question. Will the automaker be able to overcome these challenges in the next five years or continue underperforming the market?
Warner Leisure Hotels, the UK’s only hotel chain to cater exclusively for adults and a Bourne Leisure portfolio company, has announced the continued expansion of its portfolio with the acquisition of two high-quality hotels – Dalmahoy Hotel and Country Club, near Edinburgh, and Forest of Arden Country Club, near Birmingham. Dalmahoy Hotel and Country Club, Warner Leisure Hotels’ first hotel in Scotland, is an attractive Grade A manor house set in over 1,000 acres and only 30 minutes from Edinbur
This transaction will enable Kinective to bolster product innovation and increase investment in sales and support resources. The post TA and OceanSound to invest in Kinective appeared first on PE Hub.
Gemspring Capital Management has acquired ClearCompany, a provider of human capital management software, from Primus Capital which invested in the business in August 2018. Gemspring’s investment in ClearCompany was made through its $1.7 billion third fund which closed in January 2023. ClearCompany’s talent management software platform provides a suite of services used for recruiting, performance… This content is for members only.
For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn something new every day. You can only go so many years raising prices just before a Prime event before consumers catch on. Amazon's October Prime sales event wrapped up Tuesday, and this year saw a shift in consumer behavior.
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