The Big Picture

MAY 21, 2023

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • The War on Poverty Is Over. Rich People Won. The sociologist Matthew Desmond believes that being poor is different in the U.S. than in other rich countries. How is poverty different in America than in its peer countries? Matthew Desmond: We have more of it. We have double the child-poverty rate of Germany and South Korea.

Private Equity Firms 116

Private Equity Firms Private Equity Firms Hedge Funds Bidding 116

A Wealth of Common Sense

MAY 21, 2023

The Financial Times had a story this week about Carl Icahn’s bets against the stock market that went awry. Since 2017, Icahn has been positioning part of his portfolio for a huge crash. It cost him nearly $9 billion over the past 6 years. Sounds like a lot. Here’s what he told the Times: “I’ve always told people there is nobody who can really pick the market on a short-term or an intermediate-term basis,�.

Stock Market 91

Stock Market Stock Market Portfolios 91

Million Dollar Round Table (MDRT)

MAY 21, 2023

By Jeffrey Scott, CFP, ChFC We sell an intangible asset that is nothing more than a promise to pay a particular amount at a specific point in time. We must convince our clients of the importance of life insurance in their individual lives. Here’s how we can do that. The client value proposition Most people can state what they do in their jobs, but very few people can tell you what they believe.

Assets 79

Assets 79

Financial Times M&A

MAY 21, 2023

Deal is first tie-up between a ‘magic circle’ group and an American rival in more than 20 years

Law Firms 98

Law Firms 98

Financial Times: Moral Money

MAY 21, 2023

Legal & General and Amundi say antimicrobial resistance poses a wider economic threat

Asset Management 96

Asset Management Assets Legal 96

Blackstone News

MAY 21, 2023

Antwerp, May 21, 2023 – Blackstone (NYSE:BX) announced today that private equity funds managed by Blackstone (“Blackstone”) have acquired International Gemological Institute (“IGI”) from Shanghai Yuyuan Tourist Mart (Group) Co., Ltd. (SHSE:600655), a subsidiary of Fosun, and Roland Lorie, who belongs to the founding family. Founded in 1975 in Antwerp, IGI is a global leader in independent certification of diamonds, gemstones, and jewelry, with a global footprint of 29 laboratories and 18 schools

Stock Exchanges 52

Stock Exchanges Education Asset Management Assets 52

Private Equity Support

MAY 21, 2023

The African market, a diverse and rapidly evolving economic landscape, presents a myriad of opportunities and challenges. With its abundant resources, growing population, and increasing consumer demand, Africa has become an attractive destination for businesses and investors seeking new frontiers. In this article, we delve into the current state of the African market, providing valuable insights and highlighting key trends that shape its trajectory.

Leveraging 52

Leveraging Investors Investing 52

Private Equity Support

MAY 21, 2023

The African market, a diverse and rapidly evolving economic landscape, presents a myriad of opportunities and challenges. With its abundant resources, growing population, and increasing consumer demand, Africa has become an attractive destination for businesses and investors seeking new frontiers. In this article, we delve into the current state of the African market, providing valuable insights and highlighting key trends that shape its trajectory.

Leveraging 40

Leveraging Investors Investing 40