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...The firm, one of the world’s most prominent multi-manager hedge funds, has 5,500 employees globally and more than 300 investment teams trading a range of different strategies within strict risk limits....
...TIC currently owns about 7.3 per cent of Toyota Motor, while the much larger company owns 23.5 per cent of TIC, according to LSEG data....
...Consultants McKinsey estimate that data-driven trading firms captured a quarter of gas and power trading profits globally in 2022, up from less than 5 per cent in 2021....
...London’s office vacancy rate rose to 9.5 per cent at the end of March, the highest in 20 years, according to CoStar data. Citadel’s lease runs for 15 years starting when it moves into the building....
...The cuts have crimped production of crude by some 5.3mn barrels a day, or about 5 per cent of global supply....
...Need to know: business Novo Nordisk announced a €1bn deal for a German biotech developing therapies to treat heart disease, as the Danish group seeks to branch out from its blockbuster diabetes and weight...
...Since 1936, S&P 500 dividend yields have averaged 3.5 per cent, but in the past 12 months, that yield was just 1.5 per cent....
...The merged entity would operate about 5,000 stores, employ nearly 700,000 people and generate more than $210bn in annual revenue....
...Cannae pays a 1.5 per cent annual management fee, roughly $40mn, to another Foley affiliate....
...Its $400mn convertible looks relatively cheap, yielding 4 to 4.5 per cent for a duration of 7.5 years. Viavi might have had to pay perhaps 8 per cent for a loan of similar size and duration....
...Millennium and DE Shaw, which are multi-strategy firms, took joint second place in the all-time rankings, making $5.7bn and $4.2bn last year respectively....
...OpenAI’s ChatGPT-3.5 fabricated responses 69 per cent of the time, while Meta’s Llama 2 model hit 88 per cent....
...Initial public offerings have yet to rev up for 2024, but later today the Palmer Square Capital BDC will start trading on the New York Stock Exchange, after pricing 5.45mn shares at $16.45 a piece yesterday...
...Santander has asked shareholders to approve a change to its pay policy whereby the salaries of both Botín and chief executive Héctor Grisi would increase by 5 per cent, adding to the 3 per cent increase...
...Boeing reported earnings last week, and the stock rose 5 per cent on the results. Did management make the right noises — or do they still think its problems are anomalous and disconnected?...
...But at only 4.4 per cent, according to Statcounter, its share of the global search market hardly represents a threat yet to Google, which has 89.5 per cent....
...The firms have stepped up marketing and are engaged in a fierce fee war, as every spot bitcoin ETF issuer except Grayscale, which charges a fee of 1.5 per cent, has either waived or slashed fees as the fledgling...
...The cuts would be equivalent to 5 per cent of the firm’s financial advisory division....
...The Muslim vote is strongest in Glasgow, where Muslims made up 5.4 per cent of the population in 2011, according to the last census data....
...The merged entity would operate more than 5,000 stores and approximately 4,000 retail pharmacies while employing nearly 700,000 staff across 48 states, the FTC said....
...In its quarterly earnings report last month, Alphabet’s overall revenue rose to $86.3bn, a 13.5 per cent year-on-year increase that was ahead of analyst expectations, although it narrowly missed forecasts...
...While its record over the past three decades is behind only Citadel and Millennium, Schonfeld’s main fund gained 4.5 per cent last year and was up about 1 per cent between January this year and October,...
...Returns on capital of about 5-6 per cent speak to a world of cut-throat competition. Brands, meanwhile, seem much closer to consumers’ hearts....
...GroupM estimates that the global industry will increase by 5.3 per cent in 2024, a slight decrease on last year’s growth....
...Advertisers appear to be taking Musk’s message to heart and will find it easy to switch to Google, TikTok and Facebook....
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