This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
US institutional investors are offloading their private equity holdings at slashed prices, reflecting a broader trend of reducing exposure to the illiquid asset class, with pensionfunds and endowments leading the charge, according to a report by the Financial Times. The trend continued with 95% in 2022 and 73% in 2021.
Roughly $7 million worth of cancels came from a single client event, a historic merger of two major global banks in Europe that affected us across index, ESG, and analytics. Just last week, we closed our acquisition of the London-based index provider, Foxberry. Turning to our other recent acquisitions.
It is not monolithic and includes such varied enterprises as pensionfundinvestment managers such as AIMCo , insurance companies, investmentbanks, broker dealers, hedge funds, mortgage investment companies – and still others.
And that was very important because when this was the dawning of what is now a big analyst program across the country in all banks and investmentbanks. And the entire merger department of Goldman Sachs in 1983 was 32 people. There was no m and a departments in any investmentbank really until the very late seventies.
In fact, that was pre -merger with Manny Hanny and Chemical, and JP Morgan, and et cetera. They really weren’t in the investmentbanking business, and they looked at the opportunity there and said, gee, we should really have a high yield business and a financing business. KENCEL: It’s the investmentbanking affiliate.
It was between corporate law and investmentbanking. And so I joined Goldman in there, it was a 12-person merger department. So I joined Goldman and their merger department, but said, I’d like to be your LBO guy. You know, he’s a great entrepreneur, and it was a half a million-dollar investment from the firm.
Last month, for example, one of our large asset manager clients launched a new ETF linked to an MSCI climate index with a record-breaking ceded investment of $2.4 billion from one of our large pensionfund clients. We also completed large index deals with two of the world's top investmentbanks, which Baer will discuss shortly.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content