Stay updated with breaking news from Jeff Hooke. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
NORTH CAROLINA — One of the biggest hospital networks in the southeast United States has invested hundreds of millions in the Caribbean for over a decade…
“The reaction of people usually is, ‘This guy is going to give us trouble.’”
The collapse of Southland Royalty, a private equity-backed oil-and-gas explorer that owned fields in Wyoming’s Green River basin and New Mexico’s San Juan Basin, in early 2020, was unremarkable in many ways.
A former investment banker has described the way private equity values investments as 'the Wild West'.
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/tronc/3N2DHUOUAFCKBEMFA65QQ6KLVI.jpg)
While the assets held by the Maryland State Retirement and Pension System have more than doubled to $64 billion in the past 20 years, the investment management fees the system pays have skyrocketed 25 times to $1 billion a year as it's pursued a more active investment strategy with increased exposure to private equity funds.