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...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...The proxy firm’s analysis paves the way for a potential investor backlash at the FTSE 250 asset manager’s annual meeting on April 24....
...The firm, one of the world’s most prominent multi-manager hedge funds, has 5,500 employees globally and more than 300 investment teams trading a range of different strategies within strict risk limits....
...The shift makes Citadel Securities the latest financial services company to increase its reliance on Big Tech cloud services and is a win for Google as Silicon Valley companies host more business traditionally...
...Millennium, which was founded in 1989 by Izzy Englander, has grown to become one of the most prominent multi-manager hedge funds in the world, with about $63bn in assets under management and average returns...
...In a statement accompanying its full-year results, the company said: “While market conditions, structural and cyclical, remain challenging for active asset managers we continue to expect headwinds arising...
...Rather than the traditional “2 and 20” fees — where managers charge a 2 per cent management fee and 20 per cent of gains — multi-manager platforms are distinctive for their pass-through expenses model....
...US private equity firm Thoma Bravo has agreed to take UK cyber security company Darktrace private in a transaction valuing the company at £4.3bn, marking the latest high-profile takeover of a London-listed...
...On the pitch, the company’s TacticAI system reflects both the possibilities and current limitations of intensive efforts to use AI to gain a sporting edge beyond that offered by existing data analysis methods...
...Alphabet’s market value surged 10 per cent on Friday to more than $2tn after Google’s parent company announced its first-ever dividend and reported strong growth across its main business lines....
Poll comes as US regulators review Steve Cohen-backed proposal for a 24/7 exchange
...That performance has continued into this year: the S&P 500 index of leading shares hit an all-time high on Friday, driven by strong gains for the largest technology companies....
...Privately held Vitol, which employs about 1,800 people, made a record $15.1bn in net profit in 2022 and about $13bn in 2023, making it one of the most profitable companies in the world on a per capita basis...
...Job moves Bain Capital has promoted David Gross to co-managing partner, the highest position at the asset manager, where he will work alongside John Connaughton....
...The original Credit Suisse deal with Apollo led to the alternative investment manager taking on one of the Swiss bank’s most profitable divisions, but one that required a lot of capital....
Decision hurts David Handler’s chances of securing potentially millions of dollars in equity he sought from the elite M&A boutique
...News round-up Trump media company co-founders allege ‘stock grab’ in lawsuit (FT) Hedge fund manager Greg Coffey in talks to acquire EM boutique Emso (FT) Mike Ashley’s game of spoof over legal bill ‘...
...The investment managers that form the layer in between get their capital from insurance companies, sovereign wealth funds, pension funds and so forth....
...The managers’ statement said there was “no current connection with any US entity”....
...The other partner in the joint venture is US fund manager RedBird Capital....
...The hard work is convincing other, larger money managers to go along with their ideas. Elliott’s foray into buyouts had its share of misfires, among some notable wins....
...They took effect on January 29, weeks after 10 asset managers launched bitcoin ETFs on January 11....
...A fierce talent war between multi-managers has resulted in enormous pay packages, dissuading portfolio managers from setting up their own hedge funds....
...company Canoo....
...The green investment backlash led by US Republicans has led to investment funds pulling more than $13bn from BlackRock, the world’s largest asset manager....
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