Hints and tips:
...Apollo paid $83mn in TRA disbursements to executives between January 1 2021 and June 30 2022, securities filings show....
...Ted Baker is on the brink of collapse unless it finds a new business partner, casting doubt over the future of hundreds of high street jobs at the UK fashion brand....
...Ca $10bn of net trading revenues would equate to about $5mn per Jane Street employee on average (that includes the secretaries). Goldman Sachs’s 2022 revenues per employee was about $977,000....
...In 2022, Tiger’s flagship fund fell by more than half as its public tech bets were hammered....
...Companies that received less than 75 per cent support for bonus plans jumped to 159 this year from 112 in 2022, Glass Lewis said....
...Meanwhile, Sweden’s tax authority told the FT that of 750,000 people registered as sole traders in 2022, approximately 180,000 reported no revenues....
...Buyout firms are shaving tens of millions of dollars off interest costs by refinancing debts racked up in private credit markets with publicly traded bonds and loans, delivering a windfall for the Wall Street...
...Judging by the record share prices enjoyed by some of these companies in recent months, Wall Street doesn’t believe it either....
...Pichai conceded this week that the sudden popular interest in AI — triggered by the global sensation caused by the 2022 launch of OpenAI’s ChatGPT — had caught him by surprise....
...HIG Capital has filed a complaint against fellow middle-market specialist Audax Group, which sold telecoms software company Mobileum to HIG for $915mn in early 2022....
...That is up from $2.8bn of inflows for the whole of 2022....
..., most of Wall Street has been humbled....
...Hanging in the balance was a $37bn gain that had grown by billions in value from the time they were the architects of VMware’s $69bn sale to Broadcom in mid-2022....
...Rize has attracted inflows of $29.6mn so far this year after gathering $47.9mn in 2022, according to ETFGI....
...The strength of demand will embolden private equity executives whose business has been largely on ice since the Federal Reserve began raising interest rates in 2022....
...Millennium has expanded its footprint on Wall Street by investing money with dozens of smaller funds through separately managed accounts....
...The launch is an attempt to replicate the success of the original Vix index, which has helped revolutionise equity investing since its inception 30 years ago and which has become ubiquitous as “Wall Street...
...Its pipeline of 28 hotels is formidable even by industry leaders’ standards (Four Seasons, a behemoth with $4.3bn in revenue in 2022, has around 50)....
...In February Nasdaq chief executive Adena Friedman flew to Japan to lobby Masayoshi Son, founder of Arm owner SoftBank, for the listing in a trip that was first reported by the Wall Street Journal....
...According to some current and former Goldman employees, the turnover is in part due to pay reductions in 2022 when it had to cover losses at its consumer lending unit....
...“In the Grove there’s literally peacocks that walk across the street. You have to be really careful driving.”...
...Scores of Wall Street bankers and lawyers have been spending their time drawing up wacky structures to keep troubled companies on life support....
...The opportunity in credit for firms such as Jane Street and Citadel Securities has widened as regulations following the 2008 global financial crisis have pushed big Wall Street banks away....
...When Deutsche Bank won control of its local rival Postbank in 2010, it was hailed as a way to hedge against the boom and bust of Wall Street by nabbing a bigger slice of the German retail market....
...Profitability under pressure Alphaville explains why rising “deposit beta”, Wall Street’s new favourite buzzword to describe how much of interest rate rises are passed on to depositors, are bad for banks...
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