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...“You would expect me to say this, but I think we did pay our dues in 2021 and 2022, and now we’re on the other side of that,” Wood, chief executive of Ark Investment Management, told the Financial Times....
...We’re always engaged in conversations, but I’m challenging the team and myself to think more broadly and more openly about the opportunities we have.”...
...Per Bloomberg: Apollo Global Management Inc bet on the longevity of senior citizens by acquiring illegal life insurance policies and funneling the payouts through shell entities, according to a new lawsuit...
...Their emphasis below: During the current business cycle, we believe real gross domestic product (GDP)i growth could accelerate to 7% per year on average, surpassing that of any year since 1950....
...“I thought it was better to talk to people directly than through headhunters,” he said. “I’m a front door sorta guy. I think it was effective and I’d do it again.”...
...It “provides a significantly better data point around management’s commitment to deliver cost savings over the next few years”, Erickson added....
...Hiroshi Lockheimer, head of Android, will be moved to work on other products and is replaced by Sameer Samat, vice-president of product management for Android and Google Play....
...“I have no idea how much volume they’re going to be doing in the middle of the night....
...Did management make the right noises — or do they still think its problems are anomalous and disconnected?...
...This week I bring you two tales of succession — or lack thereof — at two of the world’s top alternatives managers: hedge fund Millennium Management and private equity firm Ardian....
...But some smaller investment managers don’t have sophisticated risk-management processes, and their incentives are just to grow and deploy capital. But is that a systemic risk? I’d say probably not....
...“I extend my deepest condolences and those of the entire IMO family to the families of those who have lost their lives, and our thoughts are with those who have been injured,” he said in a statement....
...“I probably think markets are more efficient than the average person does, long-term efficient, but I think they are probably less efficient than I thought 25 years ago,” Asness said in an interview with...
...If you want to own a company with a solid franchise and a little bit of expected growth — Waste Management or UnitedHealth or Marriott — you are going to pay up....
...Last week my New York-based colleague Ortenca Aliaj and I revealed that Izzy Englander’s Millennium Management is in advanced talks to put billions of dollars to work with smaller rival Schonfeld Strategic...
...“Whether there’s an initial pop and then a slow climb thereafter, I guess we’ll see....
...“I’m not here to win friends and be happy ever after. We obviously have to be respectful....
...It really is reliant on one guy and I guess we haven’t seen that since Pelé, but it was a very different landscape then.”...
...“If the deal is approved,” said Graham, “I think floodgates will open.”...
...“I don’t think many people understand what an asset we have in terms of those tax-loss carry-forwards,” Wood said....
...But that is modest relative to the $8.4bn in cash that sits on Blackstone’s balance sheet and its more than $6bn in annual management fees....
...base management fees....
...I mean, why are you even travelling?”...
...“If I wanted to talk to any of them I could and I value that because you don’t really get it from other large platforms.”...
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