World’s biggest fund manager seeks to elbow its way into industry dominated by the likes of Apollo and Blackstone
Plus, global macro hedge funds make a killing on US presidential election bets and another scandal hits Nomura
Deal is latest move by chief Larry Fink to accelerate group’s expansion into alternative assets
Transaction for prized lender could cost $12bn and be announced after Thanksgiving holiday
After years of preparation, HPS is on the verge of either a deal or an IPO
Firm is also weighing IPO while world’s largest money manager seeks to boost its presence in alternative investments
A bitter bankruptcy fight is playing out between HPS Investment Partners and the parent company of Redbox
Investment manager has doubled in size in four years and is now considering IPO or merger
About $10bn of loans have been refinanced in public markets as conditions improve due to rate cuts being on the horizon
Investment manager raises $12bn for new vehicle
