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Banking

EU watchdog seeks clues on sector risks in Eurovita’s failure

LONDON/FRANKFURT, June 16 (Reuters) - EU regulators are examining an Italian insurer's failure for clues to assess the wider sector's vulnerability to rising interest rates and whether companies owned by private equity funds face extra risks, three people familiar with the matter told Reuters.Over the last year, the world's major central banks have raised interest rates in response to the swiftest pace of inflation in decades, with the European Central Bank on Thursday raising its key rate to a 22-year high and signalling more to come.The moves have helped financial...
Funds

Analysis: Kim Kardashian seeks secret of private equity success as rising rates bite

BERLIN, June 8 (Reuters) - Reality star Kim Kardashian's arrival at a gathering of the globe's top deal brokers in Berlin failed to dispel their dark mood as the rising cost of money puts the brakes on the private equity industry.Flanked by bodyguards, Kardashian drew a crowd of hundreds of executives at the SuperReturn industry event, saying she wanted to learn the secrets of investing having set up her own fund last year.Talking about her ambitions, Kardashian, whose empire spans skincare and underwear, sought what she called the "magic sauce"...
Economy

Bank failures, ‘hard landing’ still top-of-mind for hedge funds

NEW YORK, June 7 (Reuters) - Big U.S. hedge fund and family office investors on Wednesday cautioned that despite the U.S. economy showing resilience, a recession and more bank failures remained likely in an environment of persistent inflation.U.S. investor Stanley Druckenmiller, chairman and chief executive officer at Duquesne Family Office, said he still expected a hard landing for the U.S. economy - a scenario where the Federal Reserve's rate-hiking pushes the economy into a recession."I think the probabilities would suggest that Silicon Valley Bank, Bed Bath & Beyond, they're probably...
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