The information is technically out there, but FINRA critics contend the regulator should be doing more to make the public aware of advisors with dubious pasts.
A regulated financial services firm – with ties to wind energy investment firm Arena Capital – has been ordered by the Central Bank to suspend the provision of financial services.
Sequoia-backed gym chain Supermonkey close to unicorn status post Series E round
May 8, 2021
Chinese gym chain Supermonkey, which started out in 2014 with a self-service, container-made gym box, is now near a unicorn valuation of $1 billion after the completion of its latest Series E round at “hundreds of millions of yuan,” its investors announced earlier this week.
The Series E round was led by a sub-fund of CICC Capital, the flagship investment platform of investment banking firm China International Capital Corporation (CICC). CICC served as the exclusive financial advisor of the deal.
Supermonkey’s fundraising success rode on the steady growth of China’s fitness industry, supported by the country’s increasingly wealthier middle class, a shift towards more sophisticated lifestyles, and a growing awareness of staying fit.
With $1 Trillion of Distress Gone, Funds Find Scraps
Bloomberg 11 mins ago Katia Porzecanski and Katherine Doherty
(Bloomberg) For investment firms that profit by buying the debt of troubled companies, it looked like the opportunity of a lifetime: a $1 trillion pile of distressed bonds and loans in the Americas alone as the pandemic sent markets into meltdown last March.
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But after a massive federal bailout and rock-bottom interest rates kept even some of the shakiest companies afloat, those juicy targets have shriveled to less than $100 billion. That’s left distressed-debt specialists who at one point last year had $131 billion to spend rummaging for increasingly elusive bargains. Even the real estate sector, which was hammered after the pandemic shuttered offices, hotels and stores, has managed for now to avoid an epic wipeout.