Hints and tips:
Related Special Reports
Cyber risk takes on a new dimension as regulators hold employees responsible and hackers deploy the latest AI; political risk heightens for banks imposing sanctions on Russia; and liquidity risk prompts
...In 2021, he hired three former Goldman partners — Paul Russo, Scott Rofey and Jeffrey Verschleiser — to lead the risk management of the firm’s equity, macro and rates, and credit divisions respectively....
...But regulators are studying the liquidity risks being stored up in these strategies, and the potential spillover effects for the wider financial sector....
...Retired US partners of Grant Thornton have stepped up their fight for a bigger share of the proceeds from the sale of the accounting firm, hiring lawyers to challenge management over the terms of the deal...
...He is already proving a valuable addition to the Board and management teams.”...
...After a fractious call with Grant Thornton’s management last week, retirees said the sum they were offered was unfairly low, in some cases coming up short by $1mn or more....
...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...
...The world’s largest buyout groups, whose ascent in the fund management industry was underpinned by the use of junk-rated loans, are placing low risk lending at the heart of their growth plans....
...Last year, UK financial regulators and the Bank of England warned of major risks if cloud companies were hacked or failed....
...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....
...A judge in Manhattan on Friday declined to issue a temporary restraining order against Millennium Management after Jane Street demanded the hedge fund stop using a secretive international options scheme...
...That added risk not only for bondholders but also for investors in companies reliant on bonds....
...Multi-manager hedge funds typically allocate capital across tens or hundreds of trading teams that operate a variety of different strategies, and are overseen by a centralised risk management system designed...
...Experts stress, however, that AI-powered cyber defences will not replace financial groups’ IT and risk management professionals in the foreseeable future....
...There was, however, only one person being tried: Mohammed Ali Rashid, a former senior partner at Apollo Global Management....
...“By implementing a comprehensive security strategy that includes regular updates, configuration management, advanced threat detection and robust incident response plans, banks can mitigate the risks posed...
...lawyer in Australian rugby league that provided the blueprint for the Barings raid, which has given Weightman a whole team of private credit experts for his nascent investment business Corinthia Global Management...
...Liability management draws in Miami crowds The sun was shining, the ocean beckoning....
Best-performing managers’ punchy bets on stock markets paid off in 2023
...Do you see reasons for optimism in the UK asset management industry?...
...Unlike other big Hollywood studios, Sony management decided not to pour billions into building its own streaming service to compete with Netflix....
...Read the full story here FOAM Europe: The highlight reel Asset managers are trying to adapt to a world where interest rates are “higher for longer”, geopolitical risks are the highest in half a century...
...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....
...Did management make the right noises — or do they still think its problems are anomalous and disconnected?...
...Investors remain keen to put money to work with multi-manager hedge funds, which allocate capital to specialist traders who are overseen by sophisticated risk management technology....
International Edition