Table of Contents

• Lawrence Stroll ‘in early talks’ to sell minority …

• The playbook for elite athletes: Mastering bond in …

• Top Tickers

• Private equity's inflection point

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Lawrence Stroll ‘in early talks’ to sell minority Aston Martin stake

“Early talks” to sell a minority stake of up to 25 per cent in the Aston Martin F1 team?!

It is said that Stroll, according to an unnamed source, “is hoping to improve on the £1billion ($1.3billion) valuation of last November’s deal to sell a minority stake to US private equity firm Arctos Partners.”

Bloomberg has quoted a spokesperson as commenting: “From time to time and more recently following the Arctos Partners investment, the team is contacted by interested parties.” The spokesperson reportedly added that any talks are confidential and there is nothing yet to announce.

The suggestion that Mr Stroll could be prepared to sell a stake in the team comes at a time Aston Martin have been heavily linked with a move for Adrian Newey, who has reportedly signalled his intention to leave Red Bull.

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The playbook for elite athletes: Mastering bond investments in a turbulent market

Navigating the volatile waters of bond investments

For elite athletes, mastering the bond market is more than a necessity—it's a strategic move towards a secure financial future. By adapting investment strategies to the current economic realities, you can protect and grow your wealth, ensuring stability long after the final whistle blows.

The landscape for bond investments has dramatically shifted. Long-term bond funds lost nearly a third of their value over the past three years. And economic data so far this year have rekindled fears that inflation may not be tamed, leading to still higher interest rates testing the typical safety of bonds. However, the rise in yields—now over 5% for short-term bonds—offers a silver lining, providing a valuable hedge during uncertain economic times.

High earnings are often coupled with the need for wise investment choices to ensure financial stability beyond top athletes’ sports careers. Given the current economic volatility, bonds present both opportunities and challenges that require a strategic approach.

As markets evolve, so should athletes' strategies. Bonds, while traditionally conservative, now require a nuanced approach to safeguard and grow athletes' wealth effectively. For a breakdown of how elite athletes can master bond investments in today's economy...

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Top Tickers

Some of the most active and relevant securities and quotes (compared to previous day's closing price)

Private equity's inflection point

As the markets continue to heal and sentiment improves, Goldman Sachs expect 2024 to be a year of rebalancing

After a subdued year for dealmaking in 2023, during which private equity M&A volumes dropped to a 10-year low, a change is in the offing, according to a whitepaper from Goldman Sachs Global Banking & Markets.

Interest rates are expected to stabilize, reducing the cost of borrowing, and company balance sheets are strong. The volume of “dry powder” – capital raised but not spent – has resulted in pent-up demand. Alternatives dry powder is estimated at $3.9 trillion, with PE and private credit hovering at $1.2 trillion and $443 billion respectively, as of March 28, 2024, according to Preqin.

This dry powder is among factors that have begun driving dealmaking, with M&A volumes up 34% in the first quarter, year-on-year. The continued desire by private equity firms to monetize their portfolios and return capital to limited partners (LPs) is generating both urgency and risk appetite. In the US, there is also an eagerness to complete deals ahead of the presidential election.

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“There is room for improvement, but, hey: day by day,” said Rafael Nadal. “For me, it means a lot, apart from the victory, being able to play the entire game, no? Last week I couldn’t do it; I was able to play a set. Today I managed to play for more than two hours. And I’m happy to finish with a victory that allows me to play once again on this tremendous court.”

In the feverish buildup to his final appearance at the Madrid Open, Rafael Nadal made himself abundantly clear. It was not too long ago that he was unsure if he would ever return to the court at all and so, with his lingering physical limitations, he came to Madrid with the intention of saying goodbye to his home crowd, not to win. But this is a 22-time grand slam champion whose career has been defined by his ability to win tennis matches on clay courts regardless of age, physical shape or environment. Of course he was not going to leave without a desperate fight, writes The Guardian.

Rafa's journey offers invaluable lessons for professionals across all fields: perseverance, continuous improvement, and the importance of a supportive team and community.

Have a great Sunday!

Irg

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