Private equity firms push deals through to beat U.K. taxman
“We are seeing sellers trying to get deals closed by budget day in case there is a capital gains tax increase,” said Andrew Mills, head of mergers and acquisitions at MJ Hudson Law.
Buyout firms bet smaller is better with Covid trimming deals
A $200 billion exotic quant trade is facing existential doubts
When 2020 began, one of the hottest businesses on Wall Street was selling exotic quant trades known as alternative risk premia. These strategies were marketed as diversifying, loved by hedge funds and priced cheaply. Then Covid-19 happened.
London’s loss is Luxembourg’s gain as funds face Brexit flux
Britain’s Brexit limbo is helping to give Luxembourg’s booming funds industry a boost at the expense of jobs in the City of London.
Brexit bulletin: The economic outlook darkens
77 percent of more than 300 global respondents says UK government should have consulted with asset managers more before starting Brexit talks, consultancy MJ Hudson says