Hellenic bank in troubled Cyprus recapitalises (via AFP)
Hellenic Bank, the second-largest lender in recession-hit Cyprus, said Friday it has overshot its 294 million euro ($396 million) recapitalisation needs with three new major stakeholders snapping up shares. The Cypriot Orthodox Church had been the major…
Gates Capital Management Reduces Risk After Rare Down Year [Exclusive]
Gates Capital Management's ECF Value Funds have a fantastic track record. The funds (full-name Excess Cash Flow Value Funds), which invest in an event-driven equity and credit strategy, have produced a 12.6% annualised return over the past 26 years. The funds added 7.7% overall in the second half of 2022, outperforming the 3.4% return for Read More
