Nordic buyout firm EQT Partners has made one of the largest writedowns of a fund, in an indication of what is expected to be a dire fourth-quarter reporting season for investors.

The 50% writedown of the value of companies in EQT Fund IV was higher than the 20% investors were expecting, on average, from all firms and came from one of Europe's most successful groups.

Toby Lewis

James Mawson

Investor

Morgan Stanley names Esteve head of equity syndicate in Europe

JPMorgan promotes de Grivel Nigam in European ECM shake-up

UBS transfers 544 more UK Credit Suisse staff across as integration continues

Senior GIC private equity lawyer joins Dechert in London

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US law firm hires private equity specialist from key client

Barclays poaches Citi managing director for wealth private credit push

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Dale Walsh will accelerate growth of the private bank and wealth management’s lending business

Northern Trust taps UN pension fund for head of international role

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Pedro Guazo, who joins in August, will also oversee the $1.3tn asset manager’s responsible investment platform globally

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The dollar lost momentum ahead of an expected decline in U.S. job creation, as investors expect the Fed to start cutting interest rates in coming months.

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The tech giant has been ramping up efforts to boost business growth in a bid to defend its place in China’s tech and commerce industries, as well as grow abroad.

Alibaba Readies $7 Billion Boost for Commerce Unit, Plans New Data Centers

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EQT writes down fourth fund by 50%

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