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...a settlement with administrators of the failed UK investment firm....
...Wirecard’s administrator and former shareholders have accused EY of failing in its professional duties, and have filed lawsuits claiming billions of euros in compensation....
...Abrdn said at the time that linking pay to performance was “an important part of our approach to compensation across the company”....
...If required, an international fund — maintained by seaborne oil importers — can also be called upon to make a contribution of up to about $1bn....
...In recent weeks, buyout groups have struck a series of multibillion-dollar deals to buy assets from rivals including Cinven’s €4.9bn agreement to buy fund administrator Alter Domus from Permira and Clayton...
...The filing also shows that the claim against FTX was transferred to a new fund....
...Cinven has agreed to buy a majority stake in the fund administrator Alter Domus from Permira, in a €4.9bn deal that is one of the biggest between private equity groups over the past year....
...Meanwhile, the FCA on Thursday also found Woodford’s fund administrator, Link Fund Solutions, “failed to act with due skill, care and diligence”....
...For many smaller brands stocked by Matches, the collapse of the business has been a blow....
...A Treasury spokesperson said: “The FSCS announced last week that they will provide compensation for customers of Hartley Pensions to fund the movement of customers away from Hartley to other Sipp providers...
...Some of the biggest platforms offer bonuses to new customers bringing in funds and existing customers who add to their investments....
...A separate group of hedge funds will put in the remaining $113mn of the new money investment, in exchange for 20 per cent of new WeWork....
...This would be on top of £2.57bn of investor capital, which has already been repaid, according to Link Fund Solutions, the administrator of Woodford’s fund....
...Brevan Howard’s 1,100 staff are spread across offices in London, New York, Jersey, Abu Dhabi and Singapore, according to its website. It has about 160 portfolio managers....
...MainFT: Woodford initially said he planned to register the new fund management company in Jersey, but the island’s regulator swiftly scotched the plan… Since then, WCM Partners — which has said it will...
...Hundreds of unsecured creditors including consulting firms Accenture and the Boston Consulting Group were owed a total of £44.6mn, according to the administrators’ proposals finalised this week....
...According to the claimants, about £58mn has been paid to bondholders by the Financial Services Compensation Scheme. An additional £114mn was also paid as part of a scheme funded by HM Treasury....
...Tuesday’s updated indictment alleged that Menendez also agreed to help a New Jersey real estate developer, Fred Daibes, who was seeking a multimillion-dollar investment from a Qatari fund with close ties...
..., and offered his resignation, as did Dimitris Gryparis the CFO of the Group.”By then Grego’s New York hedge fund Quintessential Capital Management had accused Globo of “massively overstating its revenue...
...US hedge fund Elliott Management has been buying the bonds of troubled British utility company Thames Water, in a bet that markets have grown too pessimistic over the size of losses that investors may have...
...refuse to pay any compensation....
...As a resident of New Jersey’s Hudson County, I read your piece about Senator Robert Menendez’s indictment on bribery charges (“Senator’s case opens new chapter in infamous county”, Report, October 9) with...
...He accepted an offer to buy his home from Blue Acres, a programme led by the New Jersey Department of Environmental Protection....
...frequency — though not the duration — of spills....
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