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Related Special Reports
...The moves by Apollo and competitors including KKR and Brookfield have spurred a wave of consolidation and partnerships....
...Millennium Management is in advanced talks to put billions of dollars to work with smaller rival Schonfeld Strategic Advisors, according to people familiar with the situation, in a partnership deal that...
...Senior partners at the accounting firm BDO USA are in line for a big windfall after the arrangement of a $1.3bn debt deal with Apollo Global Management, according to people familiar with the situation....
...There was, however, only one person being tried: Mohammed Ali Rashid, a former senior partner at Apollo Global Management....
...Jane Street is suing Millennium Management and two former employees for allegedly stealing trade secrets in a rare public spat between two big Wall Street investment firms....
...It “provides a significantly better data point around management’s commitment to deliver cost savings over the next few years”, Erickson added....
...Millennium Management, the $60bn hedge fund led by Izzy Englander, and Schonfeld Strategic Advisors have terminated talks to form a partnership, according to people familiar with the situation....
...The Jana/Cannae partnership is not completely novel....
...McNamara added that Authentic is focused on finding “a new partner” in an effort to grow the brand in the UK and Europe after it ended a brand licensing partnership with AARC, a Dutch company, earlier this...
...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....
...The 62-year-old Australian, whose audacious poaching of more than 20 senior executives from asset manager Barings last month has already sparked litigation, spent 20 years running a property business that...
...The Financial Times reported in October that Schonfeld was in partnership talks with Millennium that would have seen Englander’s hedge fund put billions of dollars to work with its smaller rival....
...Apparently, Apollo Global Management has other priorities....
...However, Third Point told the Financial Times it had held “only preliminary conversations with Flow [Neumann’s property company] and Adam Neumann about their ideas for WeWork, and has not made a commitment...
...The PPF bought part of a property fund at a 35 per cent discount to net assets from a fellow pension fund this year....
...Liability management draws in Miami crowds The sun was shining, the ocean beckoning....
Emerging market specialist profited a year ago from real estate and has bought in again after sell-off
...Earlier this week, Millennium, one of the world’s biggest hedge funds with $60bn under management, and Schonfeld, which manages $11.7bn, terminated months-long talks to form a partnership where the smaller...
...that the partnership was “hoping to identify long-term winners”....
...Any possible partnership could extend to the Orient Express hotel and train assets, the people added....
...Just ask Millennium’s smaller rival Schonfeld Strategic Advisors, which last week announced it is cutting 15 per cent of its workforce in a cost-cutting drive, days after walking away from partnership talks...
...The two investment groups began talking about a strategic partnership nearly two years ago but that conversation foundered over competing visions, according to at least five people briefed on the talks....
...Analysts expect the country’s economy to continue to slow in the medium term thanks to the property downturn and demographic decline....
...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....
...Kasoff was previously a partner and senior portfolio manager at Elliott Management....
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