Investor Lawsuit Caps A Rough Year For This Veteran Etf Manager
A bad year for one veteran of the $3.6 trillion market for exchange-traded funds is only getting worse. Elkhorn Capital Group, which once oversaw more than $200 million, is being sued in Delaware federal court by investors who say founder Benjamin Fulton misrepresented a marketing relationship between his firm and Barclays Plc. It caps an annus horribilis for Fulton in which a merger fell through, another adviser took over two of Elkhorn's products, and the firm's remaining funds shuttered. It's a reminder that not everyone can make it in the fast-growing ETF industry.
Investor Lawsuit Caps A Rough Year For This Veteran Etf Manager
Elkhorn Capital Group, which once oversaw more than $200 million, is being sued in Delaware federal court by investors who say founder Benjamin Fulton misrepresented a marketing relationship between his firm and Barclays Plc. It caps an annus horribilis for Fulton in which a merger fell through, another adviser took over two of Elkhorn's products, and the firm's remaining funds shuttered.
Tesla Forms Three-member Panel To Decide On Any Musk Deal | Reuters
* Shares unmoved by latest developments (Adds details on board members, background): (Reuters) - Tesla Inc's board (TSLA.O) named a special committee of three directors on Tuesday to negotiate with Elon Musk on taking the electric carmaker private, although it said it was yet to see a firm offer from the company's chief executive. Musk said on Monday he had held talks with a Saudi sovereign fund on a buyout that would take Tesla off the Nasdaq exchange - an extraordinary move for what is now the United States' most valuable automaker, worth more than $60 billion.
European Private Equity Activity Increases In Q218 | Allaboutalpha: Alternative Investing Trends And Analysis | A Finance Blog About Private Equity, Commodities, And Other Alternative Asset Classes.
Pitchbook has a new report out about private equity activity in Europe. It indicates that, despite a slow start to the year, PE deal activity picked up notably in the second quarter. Across the continent there were 804 deals 2Q with a total valuation of EUR88.5 billion. Deals above the Read More.
Abraaj Fund Investors Said To Hire Advisers For Debt Recovery
Investors in a $1.6bn-Abraaj Group fund have hired advisory firm Alvarez & Marsal Holdings to help recover money owed by the floundering Middle Eastern private equity firm, people with knowledge of the matter said. The New York-based company will represent Abraaj Private Equity Fund IV's backers in talks with liquidators as they seek to recover [...]
Abraaj Fund Investors Hire Advisers To Help Recover Debt
Abraaj Group is undergoing an overhaul after it was found to have borrowed money without investors' consent. : London/Dubai: Investors in a $1.6 billion Abraaj Group fund have hired advisory firm Alvarez and Marsal Holdings, LLC to help recover money owed by the floundering Middle-Eastern private equity firm, people with knowledge of the matter said. The New York-based company will represent Abraaj Private Equity Fund IV's backers in talks with liquidators as they seek to recover more than $99 million owed by the Dubai-based buyout firm, said the people, requesting anonymity.
Abraaj Fund Investors Said To Hire Advisers For Debt Recovery
The New York-based company will represent Abraaj Private Equity Fund IV's backers in talks with liquidators as they seek to recover more than $99 million owed by the Dubai-based buyout firm The post Abraaj Fund investors said to hire advisers for debt recovery appeared first on DealStreetAsia.
Abraaj Group Investors Hire Advisers For Debt Recovery | Cpi Financial News | Banking And Financial News,islamic Business And Finance, Commercial Banking
The private equity fund's investors have hired advisory firm Alvarez & Marsal Holdings in a bid to recover their money.
Abraaj Group Investors Hire Advisers For Debt Recovery | Cpi Financial News | Banking And Financial News,islamic Business And Finance, Commercial Banking
The private equity fund's investors have hired advisory firm Alvarez & Marsal Holdings in a bid to recover their money.
Navigating Change: Us M&a; H1 2018: Navigating Change: Pe Hits New Post-crisis High | White & Case Llp
Despite intensifying competition within the market, US private equity activity is yet to show signs of a downturn - US private equity (PE) had its busiest 12 months since the financial crisis in 2017, securing 1,261 buyouts valued at US$191.9...By: White & Case LLP.