Author: Charlotte

Most listed private-equity funds are trading at deep discounts to net asset value (NAV). These discounts imply scepticism from investors about whether the funds will be able to sell many of the holdings in their portfolios at the valuations at which they are currently carrying them – a concern driven by several years of limited exits. However, over the past 18 months, managers have started to monetise investments more successfully. Can a savvy investor grab any low-hanging fruit before discounts start to narrow?Before considering whether listed private-equity funds offer value at discounts, it is worth understanding the cyclical challenges that…

Leonard Green Partners to buy construction consultancy for $3bn Financial Times Source link

Throughout 2024 and into early 2025, the Bank of England raised interest rates repeatedly, pushing the base rate to 5.25% by August 2025. This extended period of monetary tightening created cascading effects across British capital markets, and fintech investment absorbed significant damage. The 21% decline in UK fintech funding wasn’t accidental but rather a direct consequence of macroeconomic pressures transmitted through the financial system. Interest rate cycles and venture capital flows Venture capital operates with sensitivity to prevailing interest rates that often exceeds typical equity market response. When government bonds yield attractive returns, institutions rebalance portfolios away from riskier asset…

Mar 19, 2026 Cryptocurrencies have faced significant scrutiny in recent months. Large investors who had held the tokens since many of them first began trading have now sold at levels higher than previously seen, and economic and geopolitical concerns have also not helped the situation.Token Performance and Market ContextMany tokens, including one specific token, have sold off sharply this year, with the token down significantly as of mid-March. Still, sell-offs and bear markets in crypto have occurred numerous times, only for most tokens to reach new highs.Examining a Specific Token’s UtilityAmid the downturn, focus has shifted toward tokens operating on…

Multiple towns saw drone and artillery strikes that killed and injured civilians, while firefighters fought several blazes across the region. During the day, April 11, the Dnipropetrovsk region endured massive attacks by Russian forces: the region was hit by more than sixty drone and artillery strikes, according to regional head Oleksandr Hanza in the evening. Nikopol was struck by an FPV drone strike: a 67-year-old truck driver was killed. According to the State Emergency Service, after the explosion a fire broke out, which firefighters promptly extinguished; during the day there were two more fires on other trucks. In the city…

Can the position of the Pope change attitudes toward cryptocurrency? At first glance, the church seems to have nothing to do with the crypto market. But institutions like this often define what society considers a risk, speculation, or an accepted norm. And therefore, they shape the environment in which cryptocurrency either gains ground or faces resistance.Why churches did not accept cryptocurrencyAt the early stage of Bitcoin’s existence, churches did not see cryptocurrency as either a new ethical challenge or a полноценный financial instrument. In the first half of the 2010s, it entered the religious sphere mainly through isolated practical experiments,…

After the two-week ceasefire between the US and Iran caused oil prices to slide, wealth managers discuss their preferred asset allocation, highlighting the need for diversification and a preference for gold in an uncertain environment. Dr Luca Bindelli, head of investment strategy at Swiss private bank Lombard Odier, says he prefers quality assets and gold in an uncertain geopolitical environment. “History underscores the importance of maintaining resilient and diversified portfolios in response to an uncertain geopolitical and macroeconomic landscape. We favour quality assets and gold,” Bindelli said in a note. “We continue to see diversification benefits in gold. We…

U.S. housing is experiencing a historic “reversion to the mean.” In other words, the formerly sizzling metros have gone cold, and the unsexy plodders are back in vogue. That point comes through vividly in the new market snapshot just released by the highly influential American Enterprise Institute Housing Center. The AEI data, compiled by co-directors Ed Pinto and Tobias Peter, shows that housing prices nationwide edged up a puny 1.1% in the twelve months ended in February, the slowest rate of appreciation since the AEI started collecting numbers at the start of 2012. (The think tank started reporting the year-over-year…

The Monetary Authority of Singapore (MAS) and the Singapore Bullion Market Association (SBMA) set out key focus areas to strengthen Singapore’s position as a trusted gold trading centre serving the Asia-Pacific region. This will meet the growing interest among investors to vault and trade gold in Singapore. The key focus areas were developed by a Gold Market Development Working Group that MAS and SBMA established in January 2026, building on detailed discussions and studies with industry participants in 2025. The working group has identified several focus areas where measures aimed at strengthening Singapore’s gold ecosystem will be developed. These include…

Caterpillar CHIX:CAT1D 85 Cash, Cash Equivalents, Marketable Securities is CHF7,953 Mil as of Dec. 2025. GuruFocus rates CHIX:CAT1D with a GF Score™ of 85/100 and a GF Value™ of CHF140.16. The stock has 7 warning signs investors should review. Caterpillar’s quarterly cash, cash equivalents, marketable securities increased from Jun. 2025 (CHF4,425.43 Mil) to Sep. 2025 (CHF6,001.00 Mil) and increased from Sep. 2025 (CHF6,001.00 Mil) to Dec. 2025 (CHF7,953.06 Mil). Caterpillar’s annual cash, cash equivalents, marketable securities increased from Dec. 2023 (CHF6,034.57 Mil) to Dec. 2024 (CHF6,142.23 Mil) and increased from Dec. 2024 (CHF6,142.23 Mil) to Dec. 2025 (CHF7,953.06 Mil). Caterpillar  (CHIX:CAT1d)…