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Goldman’s Private Equity Clients All Fear a Recession
Goldman Sachs clients are hunkering down for a recession, but are still looking for multi-billion dollar investment opportunities. Speaking on a Bloomberg interview, Alison Mass, Goldman Sachs Group Inc.’s chairman of investment banking, said: “Our clients are looking to put large amounts of capital to work.” She added that 30 billion dollar deals were doable – even as high as $80 billion if a strategic partner came in alongside the PE firm. But what about the risk of a recession?
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Yield curve inversion flashes recession warning
Yield curves have inverted on both sides of the Atlantic following the release of weak economic data across the globe Yield curve inversion, a phenomenon where longer-term yields fall below…
One of Asia’s oldest hedge funds warns of looming ‘distressed cycle.’
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Argentina’s Stock Rout Hammers Newfoundland Capital Management
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New SEC Regulations Will Increase Investor Participation in Alternatives
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Coinbase Loses Barclays Banking Services
Barclays reportedly ends its relationship after less than 20 months. Coinbase, one of the world’s largest cryptocurrency exchanges, is looking for a new provider of banking services. Coindesk reported Wednesday that…
Brookfield Business Partners Buys Big Stake in Genworth Financial’s Canadian
The deal clears the way for China Oceanwide to purchase Genworth. Brookfield Business Partners announced plans to purchase a 57% stake in Genworth Financial’s Canadian mortgage insurance unit. According to…
SEC: Veritaseum ICO was Illegal, CEO Charged with Manipulative Trading
The SEC wants to stop Veritaseum ICO operators from dissipating from what it described as an illegal offering. The Veritaseum ICO isn’t what it was cracked up to be. In…
SEC Chief Who Investigated ICO Fraud Departs after 15 Years
The SEC loses a key leader with cryptocurrency prices and ICO fraud back in the headlines A leading investigator of ICO fraud will depart as head of the SEC’s cyber…
SEC Approves Hedge Fund Backed by Jon Corzine
The approval comes with many restrictions… begging the question “what’s the point?” The SEC approved Jon Corzine’s new fund, despite protect from professionals in the financial community. The hedge fund…
Hedge Fund Q2 Moves: Third Point Buys IPO Stocks
Pershing Square, Third Point Cut Stakes in United Technologies SEC filings have revealed the latest hedge fund Q2 moves. Hedge fund Third Point has joined Pershing Square Capital by cutting…