Supreme Court to weigh government’s conservatorship of Fannie Mae, Freddie Mac

The U.S. Supreme Court said Thursday it will weigh the legality of government stewardship of Fannie Mae and Freddie Mac, which transferred shareholders’ dividends to the Department of Treasury following the 2008 financial crisis in return for billions of dollars of federal investment.

Blackstone raises $4.6B for new fund focused on life sciences industry

Blackstone closed its first fund dedicated to life sciences on Thursday, raising $4.6 billion in capital, as the private equity firm readies itself to become a significant player in the volatile and growing sector.

KKR to boost permanent capital with Global Atlantic purchase

Private equity firm KKR & Co. said on Wednesday that it will acquire retirement and life insurance company Global Atlantic Financial Group for around $4.4 billion, a deal that will significantly increase its permanent capital base and expand its position in the insurance industry.

Clearstream, LCH partner to streamline post-trade LSE equities contracts

Deutsche Börse Group’s international central securities depository Clearstream and LCH Group’s U.K.-based equities clearing service are seeking to capitalize on the popularity of global depository receipts and exchange-traded products on the London Stock Exchange by allowing equities contracts cleared by LCH to be settled through the subsidiary Clearstream Banking S.A.

Dutch central bank allows insurers to resume dividend payments following April freeze: Reuters

The Dutch central bank eased restrictions on dividend payments from insurance companies on Monday, indicating that firms with solid capital positions could plan to resume payouts as soon as the end of the year, Reuters reported.

Turkish exchange bans JPMorgan, Goldman Sachs, others from short selling

Turkey’s stock exchange barred six major banks from betting against its market on Monday, the latest restrictive measure taken in the country against investors looking to short sell.

Apollo rolls out platform for large direct loans

Private equity giant Apollo Global Management rolled out a new platform on Monday to focus on originations for large direct lending that counts Mubadala Investment Company, which manages the government of Abu Dhabi’s portfolio, as a lead investor.

European bourses group opposes LSE’s interest in trimming trading hours

A group that represents European stock exchanges has come out in opposition to shortening trading hours for bourses in the region, in a rejection of the London Stock Exchange’s interest in making the change.

Unsolicited bid for CoreLogic transaction could be financed by Bank of America

Investment firms Cannae Holdings and Senator Investment Group may call for a special meeting of CoreLogic stockholders to kick-start their attempts to acquire the data analytics company, the pair said in a regulatory filing on Tuesday.

Hedge fund launches neared 2008 lows while liquidations surged in Q1, research group finds

Coronavirus-driven volatility, equity market declines and investor risk aversion depressed hedge fund launches and ramped up liquidations in the first quarter of 2020, according to analysis published by Hedge Fund Research on Tuesday.

Wells Fargo alone among big banks to shrink dividend following stress test results

Wells Fargo confirmed Monday that it will be the only Big Four U.S. bank to reduce its planned third-quarter dividend, after the Federal Reserve released the results of its annual stress test and capped payouts to ensure institutional resilience amidst the economic downturn in a move that fell short of other central banks’ restrictions, leaving the door open for most planned shareholder returns — for now.

Apollo and Athene complete funding of $500M capital raise for MFA Financial

New York private equity firm Apollo Global Management and insurer Athene Holding have provided $500 million in capital to real estate investment trust MFA Financial, marking the latest in a streak of deals by the private equity giant amid the pandemic.

US insurers continue to boost private equity investment, AM Best says

U.S. insurers increased their private equity holdings by nearly 10% in 2019 as they moved to diversify portfolios and increase returns in a low interest-rate environment, according to AM Best.

Fed suspends share buybacks, caps dividends for banks after sensitivity analysis

The U.S. Federal Reserve on Thursday said it will require large banks to suspend share buybacks and avoid increasing dividend payments in the third quarter of 2020, citing a need to ensure banks’ resilience to coronavirus-related economic devastation.

Mapfre to pour $281M into private equity with focus on US, Europe

Spanish insurance giant Mapfre is launching a €250 million ($281 million) evergreen private equity fund with a focus on the United States and Europe, the company revealed Monday, as low interest rates drive insurers toward alternative investments.  

Carlyle Group and Oak Hill Capital to establish insurance venture

Carlyle Group is partnering with Oak Hill Capital to create a new insurance holding company called Galway Insurance Holdings, and the private equity firms will each put an existing portfolio company under the new venture, the companies said Friday.

Canadian mutual fund investment creeps up in May, but remains far below pre-pandemic level

Canadian mutual fund markets are on the mend, but investors remain hesitant to buy back into balanced and equity funds, according to data released by the Investment Funds Institute of Canada. 

Fed to base bank dividend, share buyback stance on new virus-related analysis

Large U.S. banks’ ability to pay dividends and buy back stock this year will hinge on the results of an updated Federal Reserve analysis taking into account the impact of the coronavirus pandemic, a top Fed official said Friday.

Fintech Affirm gets $250M credit facility from Ares

Private equity giant Ares Management said Friday that it is supplying Affirm Inc., a consumer lending fintech, with a $250 million revolving credit facility to support the company’s continued expansion.

EQT to sell €4B credit business to Bridgepoint

Swedish private equity firm EQT AB said Thursday that it will sell its credit business to Bridgepoint following a strategic review of its operations.

About Us · Terms of Use

Copyright © 2020 Fastinform, Inc.