Carlyle Chief: Trump Right About Strong Dollar, Not Helping Things

Carlyle Chief: Trump Right About Strong Dollar, Not Helping Things

By Remy Steinegger, World Economic Forum from Cologny, Switzerland (World Economic Forum Annual Meeting Davos 2008) [CC BY-SA 2.0], via Wikimedia CommonsCopyright by World Economic Forum swiss-image.ch/Photo by Remy Steinegger+++No resale, no archive+++ David Rubenstein and President Trump go way back, so it’s perhaps not surprising that the two are...Read more
Lynn Tilton’s Funds Were A Hall Of Funhouse Mirrors

Lynn Tilton’s Funds Were A Hall Of Funhouse Mirrors

Private equity investors generally have to make a leap of faith and trust that all the behind-the-scenes wheeling and dealing their money managers do will end up being more or less above-board. There’s just no way for an investor to execute due-diligence on every single private deal a PE firm...Read more
Brexit Means Brexit, After All

Brexit Means Brexit, After All

By ukhomeoffice [CC BY 2.0], via Wikimedia Commons So it’s official: The U.K. will not be having its cake and eating it, too, vis a vis the European Union. Keeping other Europeans out and keeping them from weighing in on the country’s laws has been deemed paramount. And so, pious,...Read more
Trump Wants To Make The American Dollar Slightly Less Great, Actually

Trump Wants To Make The American Dollar Slightly Less Great, Actually

The American dollar, a household name in sovereign currencies, found itself the latest victim of Donald Trump’s loose tongue Tuesday, plunging to a one-month low after the president-elect called it “too strong” compared to the Chinese yuan. “Our companies can’t compete with them now because our currency is too strong. And...Read more
Trump To Tap Hong Kong-Based Hedgie As Navy Secretary

Trump To Tap Hong Kong-Based Hedgie As Navy Secretary

Trump To Tap Hong Kong-Based Hedgie As Navy Secretary | Dealbreaker Menu Hedge Funds By Colin Clark, Breaking Defense Love Dealbreaker?Let’s make it official.Sign up for our newsletter. × Love Dealbreaker?Let’s make it official.Sign up for our newsletter. © 2017 Breaking Media, Inc. All rights reserved. Registration or use of...Read more
Opening Bell: 1.17.17

Opening Bell: 1.17.17

Zohar CLO Funds Target Lynn Tilton in $1 Billion Lawsuit (WSJ) The Zohar investment funds at the heart of Lynn Tilton’s $2.5 billion distressed-debt empire sued their founder Monday, accusing Ms. Tilton of pillaging more than $1 billion from investors and the troubled companies she manages. Through a “toxic mix...Read more

When Is It OK To Forsake Stealth Wealth And Spend Up?

Lockheed SR-71 Blackbird – Ultimate Stealth One of the biggest peculiarities for hard working folks who want to achieve financial freedom is that we often don’t know when to stop grinding. Even if we get to our target net worth amount or passive income figure, we keep on going out of...Read more