Apollo Global Management and other lenders exited a $500 million loan to trucking giant Yellow and sold it to investment firm Citadel as the bankrupt company negotiates with rival lenders for additional.
Billionaire investor Daniel Loeb has reduced the size of short bets on single named companies to limit the vulnerability of his hedge fund, Third Point, to short squeezes, he said in a letter on Tuesday.
Miller Value Partners, an investment management company, released its “Income Strategy” first-quarter 2023 investor letter. A copy of the same can be downloaded here.
Amber Capital UK LLP founder Joseph Oughourlian denied a news report that claimed he was in talks with several private equity funds to take control of Spanish defense group Indra Sistemas SA.
Billionaire investor Bill Ackman has criticized a plan by 11 US banks to deposit $30 billion into First Republic Bank, or FRB, saying it creates a "false sense of confidence" in the San Francisco lender.