Latest news with #Nuttall
AU Financial Review
4 days ago
- Business
- AU Financial Review
KKR's CEO on the new rules of private equity (and the next big trends)
Scott Nuttall calls them KKR-isms. Inside what is probably the most iconic private equity firm in the world – the original barbarians at the gate – these are the little sayings that help define a culture. It's one that Nuttall, a 29-year veteran of the company and the co-chief executive of the global firm since October 2021, says is one of its great advantages. Some of the KKR-isms are a little folksy – it's not hard to picture phrases such as 'connect the dots' and 'use the whole brain' written on a motivational posters. And we're pretty sure another saying – 'treat people the way you want to be treated' – has been pinched from the Bible.
TTG
5 days ago
- Business
- TTG
Travel Village Group to launch new podcast series aimed at bringing 'travel to life'
The Now Boarding podcast will launch on 27 June and will feature Nuttall with either a Travel Village Group employee, a tour operator or a customer. It will be available on Apple Music and Spotify. Travel Village Group was inspired to launch a podcast after hosting several lucrative Travel Shows in Blackpool where staff – including Nuttall and his wife Paula – share "real travel stories and personal experiences" with customers. Speaking exclusively to TTG, Nuttall, the Travel Village Group chief executive, said: 'I told my team when they suggested we produce a podcast to find out what equipment was needed and how we record it. They now want me to front it. 'My team has given me more work to do but of course I'm up for it. As a business, we've got to keep being innovative. We've got to be ahead of the game.' When asked what listeners can expect to hear on Now Boarding, Nuttall said: 'I will try and keep it politically correct. I never go into things trying to be a sensationalist but if it's not real it's not going to work.'
Hamilton Spectator
29-05-2025
- Business
- Hamilton Spectator
Oro-Medonte receives Barrie's ‘high-level' proposal, counters with terms
When it comes to the City of Barrie's boundary expansion proposal, it seems every time Springwater zigs, Oro-Medonte zags. Last week, Springwater Township council rejected receiving Barrie Mayor Alex Nuttall's presentation , 'Proposed Principles for Boundary Adjustment Agreement, City of Barrie and Township of Springwater,' by a vote of 5-2. During its meeting on Wednesday, Oro-Medonte Township council voted unanimously to accept a similar proposal letter from Nuttall, dated May 13, and respond to it with their own set of guiding principles. 'The communication from the City of Barrie does speak for itself in terms of what is before council today,' said Shawn Binns, chief administrative officer for Oro-Medonte. 'This comes from a meeting that was held with the mayor and the deputy (mayor) and myself to understand the facts of the proposal that was put forward by the City of Barrie. I think there's a lot of misconceptions in terms of an agreement and tabling an agreement for council's consideration.' According to Binns, the letter the township received was 'a high-level proposal' with general terms and principles that have been outlined by Barrie for Oro-Medonte council's consideration. 'In no way, shape or form, at this point, is council looking to accept it,' Binns stressed. 'We're still going through the process and we have the ability, I think, to influence that process.' The township drafted a motion that would receive Nuttall's proposal and would articulate the principles that would go back to the City of Barrie and the provincial land development facilitation process to guide future discussions. 'They've come forward to us with a set of terms and principles on behalf of Barrie,' Oro-Medonte Mayor Randy Greenlaw said. 'What we need to do is reply, outlining the terms and principles which we think are an acceptable path forward, which will be merged into the facilitation process moving forward.' Those principles are: Coun. David Clark supported the decision to keep the conversation going. 'What this motion is doing is establishing our continued belief in how this process should go,' he said. 'The City of Barrie has made an offer and we say, 'Thank you for the offer, we're not interested,' but we want to continue to have these discussions with the most pertinent and important information at hand. 'I think it's important to stay engaged,' Clark added. Talk of annexation started about 18 months ago, when, on Nov. 6, 2023, Nuttall presented to the standing committee on heritage, infrastructure and cultural policy during a meeting in Barrie . At that time, he provided the committee with an update on Barrie's housing targets and highlighted why the city requires additional employment land so more residents can have jobs closer to home.
AU Financial Review
15-05-2025
- Entertainment
- AU Financial Review
How drone shows are becoming the ‘new fireworks'
When drone pilot Sam Nuttall has 600 of his robotic performers dancing above the Adelaide Oval in a few weeks' time, he is likely to be calmer than you might expect. 'A lot of the work has been done prior to us turning up on the night,' says Nuttall, the chief pilot for Sydney-based AGB Creative, whose three-dimensional drone formations will 'tell' the story of the oval for July's Illuminate Adelaide Festival. Expect a big Sherrin in the sky.
Time of India
01-05-2025
- Business
- Time of India
KKR looks to deploy $116 billion cash in choppy market after profit boost
Investment giant KKR is ready to put its $116 billion of capital to use as market volatility creates fresh opportunities, it said after posting a nearly 20% jump in first-quarter profit on Thursday. While tariff-driven turbulence has stirred concerns over limited exit opportunities, top KKR executives said its global footprint and asset mix have put it in a better position than expected. The company could pursue asset sales in Asia and Europe, where the impact has been less severe than in the U.S., co-CEO Scott Nuttall said. If firms turn to debt amid equity market turmoil, KKR still stands to gain because of its credit investment arm, he said. The results reflect the structural advantage held by large alternative asset managers, whose diversified portfolios allow them to rely on resilient segments when others face pressure. Live Events KKR's adjusted net income was $1.03 billion for the three months ended March 31. On a per-share basis, it earned $1.15, in line with expectations, according to estimates compiled by LSEG. Fee-related earnings, a key source of stability during heightened market volatility, grew 23% to $822.6 million. Assets under management rose 15% to $664 billion, helped by $31 billion of new capital raised. Shares rose nearly 2% to $116.31. They have fallen 23% this year, compared with a 5% drop in the S&P 500 index. Rivals Blackstone, Apollo Global and Carlyle have dropped 23.6%, 17.4% and 23.5%, respectively. RETAIL OUTREACH KKR is sharpening its focus on retail investors. Earlier this week, the company, along with Capital Group, launched two funds with low fees and minimum investment thresholds, to help retail investors access a blend of public and private credit. "The opportunity is immense. There is a lot more coming attractions," Nuttall said as the company explores similar products in private equity, real estate, and infrastructure spaces. A growing number of asset managers is seeking to tap the vast pool of retail investors, a segment that has so far been largely excluded from alternative assets. KKR's results come weeks after peer Blackstone reported higher-than-expected profit for the first quarter, driven by strength in its private equity and credit businesses. Apollo is set to report on Friday, with Carlyle scheduled for next week.
