Ailing retailers like Walgreens Boots Alliance have scared off even the most daring Wall Street financiers. But that fear has repeatedly proven an opportunity for Sycamore Partners’ Stefan Kaluzny. The intensely secretive co-founder of the private equity firm has been […]
Private equity’s last retail barbarian Read More »
Stay informed with free updates Simply sign up to the Hedge funds myFT Digest — delivered directly to your inbox. The $21bn fund manager D1 Capital Partners has made a comeback by riding a handful of giant corporate turnarounds in
D1 Capital’s bet on European turnarounds aids its own recovery Read More »
One note to start: In this special edition of Due Diligence, we’re looking ahead to some of the biggest themes that will affect dealmaking, private equity, corporate finance and much more in the coming months. We’ll be back to our
Five big finance questions for 2025 Read More »
A bit of bribery to start: McKinsey has agreed to pay $122mn to authorities in the US and South Africa over its role in a sprawling corruption scandal during the administration of former South African president Jacob Zuma. And a
A €19bn masterclass in creative finance Read More »
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A new fund aiming to punish “woke” companies will make Starbucks its first target, as politically motivated investors move to
New ‘anti-woke’ ETF makes Starbucks its first target Read More »
Hedge funds including Jeffrey Talpins’ Element Capital and Kenneth Tropin’s Graham Capital Management have made big gains from betting on market swings around last month’s US presidential election. Element and Graham are among so-called global macro hedge funds — which
Hedge funds profit from ‘Trump trades’ around US election Read More »
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Verizon’s $20bn acquisition of Frontier Communications faces a nail-biting showdown at an investor meeting next week after some of the
Verizon-Frontier deal goes to the wire as investors demand higher price Read More »
One scoop to start: BlackRock is in early-stage discussions with Millennium Management about a strategic partnership that could see the world’s largest asset manager take an equity stake in one of the most profitable hedge fund managers, according to people
Deals to watch in the Trump era Read More »
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A US judge has blocked the $8.5bn deal between Tapestry and Capri that would have put some of America’s largest
Michael Kors and Kate Spade owners’ $8.5bn merger blocked by US judge Read More »
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Steve Cohen, the billionaire founder of US hedge fund Point72, is stepping back from trading to focus on running the
Steve Cohen to step back from trading at hedge fund Point72 Read More »
