Profits in the fourth quarter for the New York-based firm, which manages more than $1tn in assets, were hit especially hard by hedge fund and real estate losses.
2 min read · 08 February 2013
Twenty-four toll road projects in the US have involved PPP-type arrangements, out of a total of 235 projects implemented since 1992. PPP approaches are being considered for another 24 toll road projects, according to a study published by the US Federal Highway Administration.
2 min read · 08 February 2013
In its outlook for 2009, Shuaa Capital warns that the Abu Dhabi real estate market will follow Dubai’s downturn, although to a lesser extent.
2 min read · 08 February 2013
Britain says that the original plan to infuse the battered banking industry has proved to be insufficient. Among new schemes is a £50bn fund enabling the Bank of England to buy up troubled financial assets such as syndicated loans.
3 min read · 08 February 2013
Dubai World-owned Istithmar World has reduced its staff by 13 in a bid to address existing market conditions.
2 min read · 08 February 2013
The UK has unveiled new measures to help its battered banking industry, but BVCA chief Simon Walker cautions 'while a host of private equity investors stand ready' to rescue ailing companies, they can only do so if the banks actually get lending.
2 min read · 08 February 2013
407 ETR issued $500m of new senior notes due 2012 and will retire $400m of senior bonds due this year. The issuance indicates toll road operators' ability to refinance their assets despite a difficult credit environment and softening traffic figures tied to the overall economic slowdown.
2 min read · 08 February 2013
The KPMG-sponsored survey of global business leaders also found that business leaders around the world consistently said that roads and energy were the two sectors of infrastructure most urgently in need of investment.
2 min read · 08 February 2013
Nakheel, Dubai’s state-owned developer famed for building the palm-tree shaped islands Palm Jumeirah, has reportedly halted construction of Nakheel Tower for 12 months, as the region feels the impact of the world economic downturn.
2 min read · 08 February 2013
A recent study by BVCA analysed the performance of private equity-owned portfolio companies in the UK and found that they achieved 330% higher returns than the public equivalents. The report includes household names such as Alliance Boots, New Look, Thames Water and Weetabix.
2 min read · 08 February 2013
