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Santa Monica, CA, based Investment company Beach Point Capital Management LP (Current Portfolio) buys MultiPlan Corp, FS KKR Capital Corp, Great Ajax Corp, AG Mortgage Investment Trust Inc ...
The independent business was renamed to Beach Point Capital Management and a significant number of Post Advisory's employees left to join it including its Chief investment officer. [2] [3] Within a year of its founding, Beach Point became the 83rd biggest hedge fund firm in the world, ahead of Marshall Wace and Tiger Global Management. [3]
Here's what else happened today: Disney said it will appoint Bob Iger's successor as CEO by early 2026. Goldman Sachs said investors should prepare for a decade of muted returns in the stock market.
Get breaking Business News and the latest corporate happenings from AOL. From analysts' forecasts to crude oil updates to everything impacting the stock market, it can all be found here.
Originally capital was mainly from high-net-worth individuals but after the stock market downturn of 2002, institutional investors became more interested in Lighthouse to hedge risks. [ 2 ] [ 3 ] In November 2007, HFA Holdings (now Navigator Global Investments ) announced it would acquire Lighthouse in a deal worth US$676.3 million although ...
Richard Cayne Perry (born February 9, 1955) [1] is an American hedge fund manager whose firm, Perry Capital LLC (closed in 2016) invested in several companies and, starting in 2012, owned a controlling interest in Barneys New York. Perry sold his controlling interest in Barneys New York in August 2019.
Stocks reached record levels on Thursday as investors digested more quarterly earnings results and new data on the labor market's recovery. The S&P 500 advanced to log a record closing high.
By contrast, the stock market returned 9.4% a year during the same period. [40] According to investors, his hedge fund has averaged after-fee returns of 25 per cent a year since 2006. [41] He earned a return of more than 500 percent shorting the subprime mortgage market in 2007 and profited from a wager against Greek bonds. [42]