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Private Equity: Silver Lake Partners Pushes Massive $16 Billion Fund

Silver Lake Partners is going big with its latest fund. The technology-focused private equity fund wants to raise a new fund worth $16 billion. Raising funds as market prices have been collapsing is a solid strategy. It will give the PE an enormous amount of capital to buy companies at distressed prices. With losses mounting in current portfolios, however, one must wonder if institutional investors will step up and make new investments.

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Artificial Intelligence: AI May Put the Finishing Touches to Beethoven’s Tenth
December 16, 2019

A year of celebrating Beethoven’s 250th birthday starts today. The celebrations begin today in Bonn with the inauguration of Beethoven’s home as a museum after extensive renovations. This 250th year…

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Bank of America: ETF Assets to Go 10X, Hit $50 Trillion in 10 Years
December 13, 2019

ETF assets could hit $50 trillion by 2030, a figure that is more than ten times current levels, according to Bank of America. The bank also said this week that…

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Artificial Intelligence: Banks Can Leverage AI For a $450 Billion Bonanza
December 11, 2019

Banks could save a humongous $447 billion by 2023 by deploying artificial intelligence (AI), says the AI IN BANKING research report from Business Insider Intelligence. Of this, front office banking…

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Investors Pulling Money from Hedge Fund Solus Alternative Asset Management
December 10, 2019

Solus Alternative Asset Management faces a second straight year of high redemption levels. The distressed debt specialist has struggled due to bad investments in firms like Pacific Gas & Electric…

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Pershing Square 13-F: Ackman’s Hedge Fund Buys Agilent Technologies
December 10, 2019

The Pershing Square 13-F filed in November has revealed Bill Ackman’s latest stake. According to the SEC filing, Ackman’s hedge fund has scooped up a 2.9 million-share stake in Agilent…

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Five Star Funds Launches Hedge Fund to Focus on Vegas, Baby
December 9, 2019

Five Star Funds announced it would create the Flamingo All Weather Fund, a new fund aimed to capitalize on favorable economic conditions in Las Vegas.

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Alexion Pharmaceuticals Rejects Elliott Demand for “Proactive Sale”
December 9, 2019

Alexion Pharmaceuticals will not obey Elliott Management’s demand for a “proactive sale.” The company says that the process of seeking a buyer doesn’t suit shareholder interest. The biotech firm has…

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Steve Cohen Looks to Boost Stake As MLB Team Owner
December 7, 2019

As uber-rich private equity and hedge fund billionaires are homing in on sports franchises, Steve Cohen is negotiating to up his current 8% stake in the Mets to 80%. Cohen…

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Pershing Square Capital Boosts Stake In Howard Hughes
December 6, 2019

Pershing Square Capital Management has increased its stake in Howard Hughes Corp., according to an S-4 filing with the SEC. Activist hedge fund manager Bill Ackman and his firm announced…

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Mark Wiseman Out at BlackRock
December 5, 2019

Mark Wiseman found himself in the running to replace BlackRock Chief Larry Fink. Now he finds himself out of a job. Multiple media outlets report that Wiseman allegedly violated BlackRock’s…

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