Victor Livingstone started his career in 1987 on the Lehman Brother's equity trading desk. He was on the job for just three months when "Black Monday" hit the markets. Livingstone calls it a "very quick education."
The market was bullish in last year's fourth quarter for broadband access equipment revenue, according to a report, but CCAP spending declined. Dell'Oro Group announced on Monday that broadband access equipment revenue hit $3.4 billion, growing 8% year over year in last year's fourth quarter compared to the same quarter in 2017.
Draconian "cradle-to-grave" provisions in private equity and real estate funds, permitting investment managers to extend fund lifetimes and charge investors fees virtually forever, are commonplace—yet almost universally overlooked by even so-called sophisticated public pensions.