Private Equity Moris Beracha Wuani

Bruce Flatt put Wall Street’s biggest private equity players on notice that the Canadian juggernaut was coming for them three years ago. The head of Brookfield Asset Management Inc. told Bloomberg Television then that his firm -- pushing into private equity -- should be mentioned in the same breath as Blackstone Group LP , Carlyle Group LP and KKR & Co. It was an unusually brash statement from the understated Winnipeg native. He’s more than backed it up. On Wednesday, Brookfield Asset Management agreed to buy a majority stake in Oaktree Capital, a move that will create a $475 billion alternative-investing behemoth. That’s more assets under management than any of the other blue-chip buyout firms reported at year-end. The transaction caps a flurry of deal-making across Flatt’s investing empire of four publicly traded companies focused on real estate, infrastructure, renewable energy and private equity. “I don’t think Brookfield has grown quickly,...

By Moris Beracha .-  The company led by Tim Cook beat Wall Street Bull’s expectations and showed that, despite the negative forecasts, maintains its market technology dominance. When everyone believed that Apple’s leadership in the technology market was overtaken by other companies such as Samsung and Huawei, this giant thumped on the table to report its financial results for the fiscal year. The company led by Tim Cook beat Wall Street Bull’s expectations and showed that, despite the negative forecasts, maintains its market technology dominance. Apple posted a net profit of 11.5 billion dollars for the second quarter, or a 32% increase over last year. This helped the company’s shares to rise 3% in a single day and created moments of surprise when it pushed its market cap to $1 trillion, becoming the first company hitting this milestone on Wall Street, as reported by the media. The answer lies in the company’s business strategy In short, Apple...

By Kate Rooney Nearly 50 representatives from U.S. financial giants and cryptocurrency startups are set to meet with Washington lawmakers this week to talk through what some say is an incomplete and murky regulatory landscape. Rep. Warren Davidson, R-Ohio, is hosting a roundtable, "Legislating Certainty for Cryptocurrencies," on Tuesday and asking industry experts to weigh in on how to police the new asset class ahead of a House bill he plans to introduce this fall. "Your input is critical to helping us preempt a heavy-handed regulatory approach that could stall innovation and kill the U.S. ICO market," Davidson said in a letter to invitees. The congressman outlined a list of eight questions for the meeting, including: "What is the best way to protect consumers from fraud?" The meeting will also cover private funding disclosures and token issuance laws, a spokesperson for Davidson said. Representatives from Fidelity, State Street, leading venture...

By William Suberg U.S. banking giant Morgan Stanley is planning to offer clients Bitcoin trade swaps, anonymous sources told Bloomberg Thursday, September 13. Citing “people familiar with the matter,” the publication reveals the U.S. multinational will follow in the footsteps of fellow Wall Street players in pursuing Bitcoin exposure options. According to the sources, Morgan Stanley “will deal in contracts that give investors synthetic exposure to the performance of Bitcoin.” “Investors will be able to go long or short using the so-called price return swaps, and Morgan Stanley will charge a spread for each transaction,” they added. The news marks the latest commitment to Bitcoin interest from Wall Street giant, Goldman Sachs last week refuting claims it had dropped plans for a Bitcoin trading desk. A Morgan Stanley spokesperson declined to comment to Bloomberg about the plans. In addition to the unconfirmed Morgan plans, the past week has also seen banking giant Citigroup inside...