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Anchorage Capital Group
Anchorage Capital Group (or simply Anchorage) is an American investment management firm based in New York City. The firm is known as one of the world's most prominent vulture funds, which are funds that invest in distressed securities. Background Anchorage was founded in 2003 by Kevin Ulrich and Tony Davis. Both previously worked in the distressed-debt business of Goldman Sachs. The firm received $100 million in seed money from Reservoir Capital Group. Later on, Davis left the firm to start Inherent Group, which focused on ESG investments. In December 2021, Anchorage announced it would close its $7.4 billion credit flagship fund (ACP Capital) due to lackluster returns and difficulties in markets such as distressed securities. The firm moved on to focus on investments related to structured finance, such as collateralized loan obligations, as well as private credit. At the same time, co-founder Ulrich announced he was stepping down from his role as CEO to a new role as chairm ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Company
A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equity, company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter (finance), over-the-counter". Related terms are unlisted organisation, unquoted company and private equity. Private companies are often less well-known than their public company, publicly traded counterparts but still have major importance in the world's economy. For example, in 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to ''Forbes''. In general, all companies that are not owned by the government are classified as private enterprises. This definition encompasses both publ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Credit
Private credit is an asset defined by non-bank lending where the debt is not issued or traded on the public markets. "Private credit" can also be referred to as " direct lending" or " private lending". It is a subset of "alternative credit". Estimations of the global private credit industry's size vary; as of April 2024, the International Monetary Fund claims it is just over $2 trillion, while JPMorgan claims it to be $3.14 trillion. The private credit market has shifted away from banks in recent decades. In 1994, U.S. bank underwriting covered over 70 percent of middle market loans. By 2020, U.S. banks issued/held around 10 percent of middle market loans. The direct lending market expanded rapidly after the 2008 financial crisis, when the SEC tightened restrictions and capital requirements on public banks. As banks decreased their lending activity, nonbank lenders took their place to address the continued demand for debt financing from corporate borrowers. Private credit has ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Severance Package
A severance package is pay and benefits that employees may be entitled to receive when they leave employment at a company unwilfully. In addition to their remaining regular pay, it may include some of the following: * Any additional payment based on months of service * Payment for unused accrued PTO vacation time, holiday pay or sick leave unless the employee is picked up by the new buyer wherein all benefits become the responsibility of the new employer. * COBRA insurance, or healthcare benefits through a certain period of time. * A payment in lieu of a required notice period. * Retirement accounts * Stock options * Commission payments * Assistance in searching for new work, such as access to employment services or help in producing a résumé. Packages are most typically offered for employees who are laid off or retire. Severance pay was instituted to help protect the newly unemployed. Sometimes, they may be offered for those who either resign, regardless of the circumsta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gary Barber
Gary Barber (born 1957) is a South African and American film producer. Barber was the chairman and CEO of Metro-Goldwyn-Mayer. He is also co-founder of Spyglass Media Group. Biography Barber was born to a Jewish family in Johannesburg, South Africa.Del Mar Thoroughbred Club Owner Profiles — 2013 , dmtc.com, 14 January 2014. He was educated at King David School, Linksfield, in Johannesburg. He then received an accounting degree from the |
Carl Icahn
Carl Celian Icahn (; born February 16, 1936) is an American businessman and investor. He is the founder and controlling shareholder of Icahn Enterprises, a public company and diversified conglomerate holding company based in Sunny Isles Beach, Sunny Isles Beach, Florida. Icahn's business model is to take large stakes in companies that he believes will appreciate from changes to corporate policy; Icahn then pressures management to make the changes that he believes will benefit shareholders, and him. Widely regarded as one of the most successful hedge fund managers of all time and one of the greatest investors on Wall Street, he was one of the first activist shareholders and is credited with making that investment strategy mainstream for hedge funds. In the 1980s, Icahn developed a reputation as a "corporate raider" after profiting from the hostile takeover and asset stripping of Trans World Airlines. Icahn is on the Forbes 400, ''Forbes'' 400 and has a net worth of approximately ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Activist Shareholder
Shareholder activism is a form of activism in which shareholders use equity stakes in a corporation to put pressure on its management. A fairly small stake (less than 10% of outstanding shares) may be enough to launch a successful campaign. In comparison, a full takeover bid is a much more costly and difficult undertaking. The goals of shareholder activism range from financial (increase of shareholder value through changes in corporate policy, cost cutting, etc.) to non-financial (disinvestment from particular countries, etc.). Shareholder activists can address self-dealing by corporate insiders, although large stockholders can also engage in self-dealing to themselves at the expense of smaller minority shareholders. Shareholder activism can take any of several forms: proxy battles, publicity campaigns, shareholder resolutions, litigation, and negotiations with management. Daniel Loeb, head of Third Point Management, is notable for his use of sharply written letters directed ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Metro-Goldwyn-Mayer
Metro-Goldwyn-Mayer Studios Inc. (also known as Metro-Goldwyn-Mayer Pictures, commonly shortened to MGM or MGM Studios) is an American Film production, film and television production and film distribution, distribution company headquartered in Beverly Hills, California. Metro-Goldwyn-Mayer was founded on April 17, 1924, and has been owned by the Amazon MGM Studios subsidiary of Amazon (company), Amazon since 2022. MGM was formed by Marcus Loew by combining Metro Pictures, Goldwyn Pictures and Louis B. Mayer Pictures into one company. It hired a number of well-known actors as contract players—its slogan was "more stars than there are in heaven"—and soon became Hollywood's most prestigious filmmaking company, producing popular musical films and winning many Academy Awards. MGM also owned film studios, movie lots, movie theaters and technical production facilities. Its most prosperous era, from 1926 to 1959, was bracketed by two productions of ''Ben-Hur: A Tale of the Christ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
SingleStore
SingleStore (formerly MemSQL) is a Distributed database, distributed, Comparison of relational database management systems, relational, Structured Query Language, SQL database management system (RDBMS) that features ANSI Structured Query Language, SQL support, it is known for speed in data preparation, data ingest, transaction processing, and query processing. SingleStore stores relational data, JSON database, JSON data, geospatial data, key-value vector data, and Time series database, time series data. It can be run in various Linux environments, including On-premises software, on-premises installations, public cloud, public and private cloud providers, in containers via a Kubernetes operator, or as a hosted service in the cloud known as SingleStore Helios. Recent updates have included bi-directional integration with Apache Iceberg, faster vector search, enhanced full-text search, autoscaling and a ‘bring your own cloud’ deployment. In its latest release, v.8.9, SingleStore a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eko (media Production Company)
Eko, formerly known as Interlude, is a media and technology company that enables production and web distribution of interactive multimedia videos. The software was used for the Sony produced music video Bob Dylan's ''Like A Rolling Stone''. Interlude was originally founded in 2010 and was rebranded as Eko in December 2016. Technology Eko software constructs audiovisual multimedia within which users have options of streaming choices from a traversable video tree. The availability of different video streams allows for a change in viewer perspective or for narrative-branching. Structure Eko was founded by Israeli rock musician Yoni Bloch. Eko is based in New York and Tel Aviv, and is backed by Sequoia Capital, Intel Capital, New Enterprise Associates, Marker LLC, Innovation Endeavors, Warner Music Group, Sony Pictures, Samsung, and Walmart. References {{reflist, 2, refs= {{Cite web , url=http://www2.spikes.asia/winners/2013/branded/entry.cfm?entryid=3111&award=4 , title=Spike ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Brat TV
Brat, Inc. is an American production company that is available on YouTube. Founded in 2017, the network features original shows and is geared toward Generation Z audiences. Brat TV's flagship web series, '' Chicken Girls'', spawned a subsequent film entitled '' Chicken Girls: The Movie''. Brat has also produced shows featuring teenage stars from Disney Channel and Nickelodeon, such as Jules LeBlanc, Anna Cathcart, Francesca Capaldi, and Emily Skinner. History Brat was launched in 2017 by television writer Rob Fishman and Darren Lachtman as an online network featuring scripted content, streaming for free on YouTube. The company originally received $2.5 million in seed funding. Fishman saw a gap in the online market for high-quality teenage shows available for free on digital platforms. Fishman noted how the social media celebrities all brought their own established audiences to Brat's shows, describing them as "under-leveraged media property". The name of the network was i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Startup Company
A startup or start-up is a company or project undertaken by an Entrepreneurship, entrepreneur to seek, develop, and validate a scalable business model. While entrepreneurship includes all new businesses including self-employment and businesses that do not intend to Initial public offering, go public, startups are new businesses that intend to grow large beyond the solo-founder. During the beginning, startups face high uncertainty and have high rates of failure, but a minority of them do go on to become successful and influential, such as unicorn (finance), unicorns.Erin Griffith (2014)Why startups fail, according to their founders, Fortune.com, 25 September 2014; accessed 27 October 2017 Actions Startups typically begin by a founder (solo-founder) or co-founders who have a way to solve a problem. The founder of a startup will do the market validation by problem interview, solution interview, and building a minimum viable product (MVP), i.e. a prototype, to develop and validate thei ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Look (company)
New Look is a British global fashion retailer with a chain of high street shops. It was founded in 1969. The chain sells womenswear, menswear, and clothing for teens. New Look was owned by private equity groups Apax Partners and Permira, and founder Tom Singh, until May 2015 when it was acquired by Brait SE (SA) for £780 million. History New Look was founded by Tom Singh in Taunton, Somerset, in 1969. Since then the company has expanded and previously operated across a chain of over 900 shops internationally, having opened in Ireland in 2003, Belgium in 2006, and also having had a presence in France, the Netherlands, Romania, Malta, Malaysia, South Korea, Singapore, Thailand, Indonesia, United Arab Emirates, China, Germany, Russia, Bahrain, Saudi Arabia, Azerbaijan and Poland, and having had a staff of over 18,000. The group had a turnover of £1,147 million in 2008 with profits of £180 million.In 2004, the company withdrew from the stock market and was taken back to being a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
