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...The acquisitions and strong performance in most of Blue Owl’s biggest business units have more than tripled its overall assets under management from $52bn when it listed to $174bn at present....
...As a big source of funding for one of the world’s wealthiest universities, Princo has set an ambitious long-term return target of more than 10 per cent per year....
...This month, Chemours, a spinout of DuPont, said an investigation revealed that its senior management showed a “lack of transparency” when approached about accounting irregularities....
...Apollo’s accounts receivable department never knowingly, or as a matter of practice, improperly billed any Apollo-managed funds for expenses that should have been accounted for as management company expenses...
...Kent left Zurich in 2020 and went on to become head of credit risk management at GFG Alliance. Kent previously did not reply to a request for comment from the FT....
...Management warned of continuing challenges for its vegetarian and vegan business Dalco, as it pointed to “the structural market reset that has taken place in this sector” and confirmed it has consolidated...
...Scott Rechler, the chief executive of RXR, one of New York’s largest office landlords, is teaming up with Ares Management, an alternative investment manager that has $49bn in real estate assets....
...Families are one thing but the locals are not thrilled by the arrival of large corporations....
...We’ve talked about TRAs before, most notably in the buyout of Sculptor Asset Management last year....
...New York hedge fund Elliott Management is best known for hardball tactics that have seen it take on governments and large corporations....
...It has $32bn of net receivables and generates $3.3bn of income a year....
...Morgan thinks the US Federal Reserve will probably pave the way to a soft landing for America and the world economy, but adds that there are risks of a crash in the event of increasing geopolitical instability...
...Graham Capital Management is planning to expand to New York after decades as a Connecticut-based hedge fund, in a vote on the future of America’s financial capital following an exodus of investment firms...
...Any up-and-coming pop star knows: it is tough to break America. A number of financial institutions have tried to crack the US over the years. Not many have succeeded....
...Hedge fund managers have historically made their fortunes charging a 2 and 20 fee structure consisting of a management fee of 2 per cent of total assets and a 20 per cent performance fee on profits above...
...US-based Principal Asset Management....
...Instead, it filed in the Southern District of New York, claiming that venue by virtue of the fact that the non-equity general partner in some of its entities partnerships was a New York corporation....
...Marc Rowan, the head of Apollo Global Management, separately led a campaign against the University of Pennsylvania, which sparked the resignation of Scott Bok, chair of the board of trustees....
...“Further discussions on this topic should involve all of the banking regulators and be informed by discussions with the asset management community.”...
...BlackRock said it had “paid all of its UK corporation tax, including the payment some time ago of all tax due in relation to this matter”, and that the “purpose of this hearing relates to the operation of...
...On Thursday, March 28, a group of powerful Delaware lawyers put in motion a plan to make a series of changes to the state’s eminent corporate code, known as the Delaware General Corporation Law....
...US unions have a long history of confronting corporations on pay and working conditions, threatening strikes to extract what they want from management....
...The degree of concentration is in reality even higher still as the top 10 includes two separate share classes of Alphabet, the parent of Google, alongside five of the other so-called Magnificent Seven stocks...
...Ryan O’Connor will take over on April 8 after spending seven years with Goldman Sachs Asset Management, most recently as global head of ETF product, the company said in a statement....
...“The affairs of Delaware corporations, however, must be managed by Boards of Directors, not backroom deals,” said the lawsuit, saying non-Elliott shareholders never got the opportunity to approve the features...
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