Blackstone-backed rental home firms in $11.2bn merger


Blackstone-backed Invitation Homes and Starwood Waypoint Homes on Thursday agreed to merge their US institutional rental home business in an all-stock deal that will result in an entity with a combined market capitalisation of about $11.2bn. (WSJ)

Court blocks Elliott bid to oust Akzo Nobel chairman


A Dutch court has blocked Elliott Advisors’ bid to oust Antony Burgman, the chairman of Akzo Nobel. The US activist investor - with a 9.5% stake in the Dulux owner - had sought an emergency shareholders’ meeting to vote on Burgman continuing as chairman. (Telegraph)

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Hedge fund Discovery Capital extends year-to-date returns to almost 18%

Crypto hedge fund Tephra Digital returns 9% in July 

Steve Cohen’s Point72 begins India hiring push

Milbank hires private equity M&A rising star in Germany

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Coutts hires ex-JPMorgan banker James Todd as next private client boss

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

Senior GIC private equity lawyer joins Dechert in London

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US law firm hires private equity specialist from key client

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Top executives at JPMorgan Chase traveled through states including Mississippi and Alabama, where the bank is expanding its reach.

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Microsoft joined Nvidia in the $4 trillion market-cap club, while Meta is closing in on the $2 trillion mark.

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