MiB: PIMCO’s Jerome Schneider

This week, we speak with Jerome Schneider, head of short-term portfolio management and funding for PIMCO. Morningstar named him Fixed-Income Fund Manager of the Year (U.S.) for 2015. He grew up in Oklahoma, and describes the oil crash of the 1980s. That affected him, as we watched the roughnecks and overall economy of Oklahoma suffer. The crash resulted in… Read More The post MiB: PIMCO’s Jerome Schneider appeared first on The Big Picture.

Saturday links: comfort and health

10 Weekend Reads

The weekend is here! Pour yourself a mug of Stumptown coffee, grab a seat in the sun(!?), and get ready for our longer form weekend reads: • Private Equity: Overvalued and Overrated? (American Affairs Journal) • Nathan Myhrvold, myth buster: He was the physicist who went to Microsoft and made his fortune. These days he’s a tycoon, philanthropist, dino-hunter and bestselling author… Read More The post 10 Weekend Reads appeared first on The Big Picture.

Longform links: the cult of convenience

Nation of Rentiers?

Monopolies Alone Don’t Explain Why Stocks Soar There are many reasons share prices can outpace U.S. economic growth. Bloomberg, February 23, 2018     Is America becoming a nation of price-fixing, monopolistic rent extractors? That is the question raised recently in a working paper by a trio of researchers at Brown University. This question is also working its way… Read More The post Nation of Rentiers? appeared first on The Big Picture.

Friday links: returns not promised

U.S. fund I Squared expresses interest for Telecom Italia’s Persidera unit, say sources: Reuters

A sole non-binding expression of interest for Telecom Italia’s (TLIT.MI) majority-owned broadcasting unit Persidera unit came from U.S.-based infrastructure fund I Squared Capital, two sources familiar with the matter told Reuters. One of the sources had said previously that the non-binding expression of interest valued the unit at 290 million euros ($356.6 million). I Squared could not immediately be reached for comment.

Z Capital announces promotions

Z Capital has made a number of promotions to its private equity investment and operations team. They include Matthew Kane, Neal Nath and Pascale Thomas, who are now all managing directors and Ian Delehanty, who has become a director. Also, Conor O’Grady is now managing director and head of private equity reporting. PRESS RELEASE NEW YORK, Feb. 23, 2018 /PRNewswire/ — Z Capital Group, L.L.C. (“Z Capital”), a leading alternative asset manager focused on opportunistic, value-oriented private equity and credit funds, today announced the following promotions and addition across Z Capital’s Private Equity Investment and Operations teams. Stephen Parsons, has been added to the Management Committee as an ad hoc member. Since joining Z Capital in 2016, Mr. Parsons has served as an Operating Partner, assisting in the management and oversight of portfolio company initiatives, including leading the development and implementation of human capital strategies across
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President and CEO of PE-backed Art Van Furniture to retire

Kim Yost, president and CEO of Warren, Michigan-based Art Van Furniture, a furniture and mattress retailer, is planning on retiring. Yost will stay with the company until a successor is named. Art Van Furniture is backed by Thomas H. Lee Partners LP. PRESS RELEASE WARREN, Mich., Feb. 23, 2018 /PRNewswire/ — Art Van Furniture (“Art Van” or “the company”) President and CEO Kim Yost today announced plans to retire after nine years with the company. In order to ensure a seamless leadership transition, Mr. Yost will maintain his current role until a successor has been appointed. Art Van has commenced a process to identify and evaluate candidates for the President and CEO position. “I am very proud of what the company and its associates have achieved during our time together over the past nine years – growing from $350 million to over $1.3 billion in sales,
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