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Investment Firm

All articles tagged with #investment firm

business6 months ago

Merck Mercuriadis Revives Hipgnosis with New Investment and Strategic Expansion

Merck Mercuriadis, founder of Hipgnosis Songs Fund, is launching a new investment company with hundreds of millions of dollars, focusing on acquiring artist management companies and music catalogs to give artists and their representatives ownership stakes and control over their earnings. The new venture aims to buy back Mercuriadis' previous music catalog and build a portfolio of management companies with superstar artists, continuing his focus on artist-centric music investments.

via Music Business Worldwide|
#artist-management#business#hipgnosis
business1 year ago

"Medical Properties Trust Continues Selling Spree with Utah Hospital Deal"

Medical Properties Trust has sold the majority of its interests in five Utah hospitals for $886 million to an unspecified investment firm's joint venture, while also receiving a $190 million secured loan. This comes after the recent sale of five hospitals to Prime Healthcare for $350 million, as MPT aims to free up liquidity following financial challenges related to its exposure to Steward Health Care's financial instability. MPT reported a net loss of $556 million for fiscal year 2023, citing the Steward shortfall as a significant contributor to the results, and is pursuing several sales to shore up at least $2 billion in liquidity.

via Healthcare Dive|
#business#hospital-landlord#investment-firm
finance2 years ago

"Investment Firm Predicts 'Once-in-a-Generation' Buying Opportunity as Profits Soar Across the Stock Market"

Investment firm Richard Bernstein Advisors predicts that the stock market is approaching a "once-in-a-generation" buying opportunity as corporate profits are set to take off across various sectors. Despite concerns of a hard landing or recession, the firm believes that the economy remains healthy and expects earnings to accelerate into 2023 and 2024. With GDP growth at its highest pace since 2006 and numerous US firms reporting significant earnings growth, the firm sees potential for profits to jump in almost every area of the stock market, except for overvalued tech giants. Other market forecasters also remain bullish on stocks, despite recent declines.

via Yahoo Finance|
#buying-opportunity#corporate-profits#economy
sports2 years ago

Everton FC Sold to American Investment Firm 777 Partners

Everton Football Club has been sold to American investment firm 777 Partners, marking the end of Farhad Moshiri's ownership. This makes Everton the 10th current Premier League team to have full or partial American ownership. The sale includes Moshiri's 94.1% stake in the club, and the transaction is expected to be completed in the fourth quarter of 2023, pending regulatory approval. The new ownership group, 777 Football Group, owns several other clubs globally, and Everton is expected to benefit from their experience and potential player trading opportunities. With funding secured for their new stadium, Everton can now look forward to a fresh start and a more stable future.

via NBC Sports|
#american-ownership#everton#investment-firm
crime2 years ago

Lake Oswego Investment Firm Executives Sentenced to Prison for Massive Fraud Conspiracy

Three former executives of the now-defunct investment firm Aequitas Management have been sentenced to federal prison for defrauding investors of nearly $300 million. Robert J. Jesenik, the former CEO, received a 14-year sentence, while Andrew N. MacRitchie, the executive vice president, was sentenced to 70 months, and Brian K. Rice, another executive vice president, received a 37-month sentence. The executives were found guilty of conspiring to commit mail and wire fraud and multiple counts of wire fraud. The fraud scheme, described as one of the largest investigated by the Portland FBI, caused significant financial harm to investors and resulted in delayed retirements, lost college savings, and other hardships.

via KOIN.com|
#aequitas-management#crime#financial-crimes
business2 years ago

Tiger Global Exposes Ex-Employee's Misinformation Attacks

Investment firm Tiger Global Management has informed its limited partners that it has been targeted in a series of misinformation attacks by a former employee. The firm responded to a document containing unsubstantiated allegations about the investment firm, allegedly a draft article by The New Yorker magazine, which has been circulating in venture capitalist, hedge fund, and media circles. Tiger Global stated that the document was written by a disgruntled former employee with whom they recently parted ways and that the attacks are filled with lies. The firm has engaged experts to help respond to the allegations. Tiger Global manages approximately $50 billion in assets.

via Reuters|
#business#former-employee#investment-firm
finance2 years ago

Tiger Global Alleges Ex-Employee's Misinformation Attacks

Tiger Global, an investment firm, has responded to an anonymous memo circulating among journalists that makes unsubstantiated claims about the firm and its leadership. In a letter to investors, Tiger Global blamed a disgruntled former employee for the memo and stated that it has engaged with experts to address the "malicious attacks." The firm reassured investors about its prospects and called the claims in the memo "packed with lies." This is the first external acknowledgement of the situation that has been simmering for months.

via Forbes|
#anonymous-memo#disgruntled-former-employee#finance
sports2 years ago

Baker Mayfield Takes Legal Action Over Alleged Misuse of $12 Million Investment

Baker Mayfield and his wife have filed a court petition in Texas to investigate whether $12 million invested with an investment firm where Mayfield's father and brother work was misused. The petition requests financial records from 2018-2023 to determine the whereabouts of the funds. The court filing claims that the Mayfields have been unable to account for the money and are seeking information about its current location and status. It is unclear at this time if the court petition will lead to a lawsuit. Mayfield is expected to be the starting quarterback for the Tampa Bay Buccaneers in the upcoming season.

via New York Post |
#baker-mayfield#court-petition#financial-records
sports2 years ago

"Baker Mayfield's Quest for Transparency: Uncovering the Handling of $12 Million"

Baker Mayfield and his wife have filed a petition seeking information about the possible misappropriation of $12 million by an Austin investment firm, which involves family members. The petition aims to obtain financial records and other information regarding the handling of the money. Mayfield, who earned around $32 million in football income from 2018 to 2021, is concerned that his money may have been stolen or misused. If proven true, this situation highlights the difficulty pro athletes face in finding trustworthy individuals, even among family members.

via NBC Sports|
#baker-mayfield#financial-misappropriation#investment-firm
finance2 years ago

Icahn Enterprises faces criticism and stock drop, but still offers high yield.

Icahn Enterprises plans to distribute $2 per depositary unit for the quarter ended March 31, ahead of schedule due to inquiries following the Hindenburg report that accused the investment firm of over-valuing its holdings and relying on a "Ponzi-like" structure to pay dividends. The declaration of the depositary unit comes days after the report sent the company's shares to more than a decade low. Carl Icahn, chairman of Icahn Enterprises, disagrees with the report's assertions and intends to respond at length to defend the company and its unitholders.

via Yahoo Finance|
#carl-icahn#dividend#finance
world-news2 years ago

French Pension Protests Persist Despite Deadlock and BlackRock Office Storming

Protesters in Paris stormed the office of investment firm BlackRock, setting off flares and demanding the withdrawal of proposed pension reforms. The demonstrators, who were part of a larger nationwide strike, accuse BlackRock of benefiting from the proposed changes. The investment firm has denied any involvement in the reforms and said it is not advising the government on the issue.

via CNN|
#blackrock#france#investment-firm