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...In first-quarter earnings on Thursday it reported a 15 per cent increase in its distributable profits — a metric favoured by analysts as a proxy for its cash flows....
...The company said Lavine, a large donor to the Democratic party and the former chair of Columbia University’s board of trustees, “believes the time is right to take on a new role” and step back from day-to-day...
...Kennedy Lewis, a $14bn credit firm, last week agreed to sell a significant stake to Petershill Partners, the private equity investment arm of Goldman Sachs Asset Management....
...a person briefed on the matter....
...They often leave Berkshire liable for making a payout years or even decades after a policy was initially signed....
...Only a handful of companies, including Saudi Aramco, have received such a low designation....
...Investors say a more traditional slowdown may play in Berkshire’s favour. A single decade may not be enough to judge Combs and Weschler’s performance at a company with a history of patient investing....
...Persis Love Eric Platt is a senior corporate finance correspondent for the FT. Thanks, Eric. Eric Platt Thank you so much....
...Then, about a third are brought in his office for further investigation. For his appraisal, Eric Turquin earns 5 per cent of the sale price, which will soon rise to 6 per cent....
...Yesterday, a team led by DD’s Eric Platt published its findings after reconstructing the portfolios itself, trawling through almost everything Buffett has written or said on his investments over the past...
...The blockbuster figures underscore how Jane Street has quietly emerged as a trading powerhouse of global financial markets, out-earning a number of well-pocketed rivals and big banks. Read more here...
...According to a letter to clients seen by the Financial Times, the $180bn investment shop co-founded by US senator Mitt Romney has promoted David Gross to lead the business alongside John Connaughton....
...Third Point, a New York hedge fund that Neumann named in a letter to WeWork last month as a “partner”, is not involved, according to people familiar with the matter....
...Take a moment. Eric Platt So literal. Lilah Raptopoulos Yeah....
...It is a problem that Buffett has been staring down for almost a decade as the growth of Berkshire’s operations and cash levels have compounded....
...The company’s position in Apple was worth $174bn at the end of the year, according to a filing with the Securities and Exchange Commission on Wednesday....
...“We are honoured to welcome Petershill as a passive investment partner,” Chene and Richman said in a statement....
...Equinox, which is owned by the founders of real estate group Related Companies, faced a liquidity crunch as a result of the 2020 pandemic when it was forced to close gym chains for many months and saw its...
...Their destination was not a larger rival or a Wall Street giant, it was Weightman’s Corinthia Global Management....
...Goldman Sachs’ asset management arm has bought a stake in the fast-growing private credit fund Kennedy Lewis Investment Management, as it looks to expand its reach in one of the hottest corners of private...
...Apple has become a critical holding for Berkshire and now accounts for roughly a fifth of its market value....
...Flow, Neumann’s new property company, confirmed the offer on Monday, saying “a coalition of half a dozen financing partners — whose identities are known to WeWork and its advisers — submitted a potential...
...The company, run by billionaire Warren Buffett, is worth roughly $875bn, a sum that includes a record $167.6bn cash pile. HomeServices declined to comment....
...sellers to pay the commissions for a buyer’s agent....
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