Up until the 2008 credit crunch, the conventional recipe for success in private equity (PE) was straightforward: Just pour in debt and stir. A generous dose of leverage typically spiced up the financing of a transaction. But the global financial crisis (GFC) turned this money pie into mush. Government-backed purchases of toxic assets — funded by central bank purchases of government bonds — eventually engineered a comprehensive bailout of distressed borrowers and other heavy debt users. With loose monetary policies throughout the 2010s, leverage returned with a vengeance. What to Expect from a Downturn So if a recession comes, how…
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Yale’s endowment earned a 5.7% investment return, net of fees, for the year ending June 30, 2024, representing $2.3 billion in investment gains. After providing distributions of $2.0 billion to the operating budget and receiving $231 million in gifts, the endowment’s value increased to $41.4 billion on June 30, 2024, up from $40.7 billion on June 30, 2023. “Given our significant allocation to private assets, we expect to lag during periods of strong public market performance, particularly when exit markets for private assets are depressed,” said Matt Mendelsohn, Yale’s chief investment officer. “As always, we remain focused on achieving investment success over the long…
Looking for an equity view outside of heavy tech allocations? The quality dividend ETF OUSA offers some appeal. Source link
While General Motors aggressively pursues an electric future with its Ultium technology, Toyota appears content to maintain its steady approach. The Japanese automaker’s enduring success is rooted in its hybrid models, particularly the RAV4 and Camry, which continue to dominate the market. Despite GM’s recent triumph in sales, its electric vehicles still constitute a relatively small percentage of its total deliveries. Conversely, Toyota’s hybrid strategy has proven remarkably effective, with sales of nearly 1.73 million units in the first three quarters of the year. Pixel Master Envisions a Sporty 2025 Toyota Camry Station Wagon with Hybrid Power (Toyota) This stark…
The year 1953 marked a pivotal moment for Chevrolet, not only with the introduction of the iconic Corvette but also with a broader transformation of the brand. The company embraced a new design language, a modern engine, a revised nomenclature, and a new model that would become a cornerstone of its legacy. Among these groundbreaking models, the Bel Air stands out as the quintessential American classic car of the 1950s. While the decade also brought us iconic vehicles like the Hemi V8, the Forward Look design, the Corvette, and luxury models like the Continental Mark II and Cadillac Eldorado Brougham,…
Robert Zemeckis’ 1985 “Back to the Future” is a timeless classic that has captured the hearts of audiences worldwide. While many enjoy the film for its entertainment value, a select few become so deeply immersed in Marty McFly and Doc Brown that they go to extraordinary lengths to bring the iconic DeLorean time machine to life. One such individual is Dixie, an Australian musician and passionate “Back to the Future” fan. Dixie’s journey began in 2020 when a devastating event led him to vow never to purchase another special vehicle. However, fate had other plans. Dixie’s Journey: Restoring a DeLorean…
Minsk based Shif Custom has been at the forefront of European bike modding for years, and their latest creation, the Maverick, is no exception. This stunning build, based on a Kawasaki W800, showcases the shop’s signature blend of classic aesthetics and modern engineering. The Maverick’s transformation is extensive. The stock bodywork has been stripped away, and replaced with a sleek, minimalist design. A shortened and looped subframe gives the bike a more aggressive stance, while the new tail unit and saddle provide a clean, café racer look. The fuel tank has also been heavily modified to complement the aesthetic. Shif…
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. MicroStrategy Inc. (NASDAQ:MSTR) continues its upward sprint, reaching a 52-week high of $236.29 during Thursday trading, with investors rallying behind the stock. The stock’s meteoric rise—up 55% in the past month and 244% year-to-date—signals renewed investor confidence in the company’s strategic mix of Bitcoin (CRYPTO: BTC) investments and AI-powered software advancements. Over the past year, MicroStrategy has soared an incredible 444%, and many are betting that this momentum will keep going. Don’t Miss: A significant driver of the optimism comes from BlackRock Inc…
A Dodge Charger Scat Pack, a two year old muscle car with a clean title, found itself in an unexpected predicament. After a crash that severely deformed both its front and rear ends, the car was auctioned off in Texas. Khaled, the owner of an SRT shop, was the lucky bidder. Despite its cosmetic damage, the Charger still held promise. The car, painted black with a red leather and Alcantara interior, was a sight to behold. Under the hood, a powerful 392-cubic-inch HEMI V8 engine roared to life, a testament to its resilience. The Charger’s performance specs were impressive, with…
The Dodge Coronet, often overshadowed by its more iconic siblings like the Charger and Super Bee, deserves a place of honor in the pantheon of muscle cars. While not as widely recognized, the Coronet was the first Dodge to bear the legendary “R/T” badge and was available with the formidable 426 cubic inch HEMI V8. Unlike its two door only counterparts, the Coronet offered a wider range of body styles, including four-door sedans and wagons. Although not initially marketed as a performance car, Dodge readily produced two-door hardtop HEMI versions, ensuring that the Coronet could match the speed and power…