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...The latter, however, left to run AC Milan football club, which is backed by the hedge fund....
...But De Angelis is wiser than that....
...One thing to start: Italy’s finance police raided the headquarters of Serie A football club AC Milan on Tuesday as part of an investigation into potential irregularities over its 2022 sale by US hedge fund...
...But for F1, the Red Bull drama is a major, unwanted distraction. The head of F1’s governing body told the FT last week it was “damaging the sport”....
...Traditionally, oil prices go up a lot and stock markets go down a lot. Back in the 1973-74 Middle East crisis, in association with an Opec embargo, oil rose 300 per cent. The S&P 500 index halved....
...“We’re using these games as a laboratory for transforming the model of major international sporting events,” said Georgina Grenon, Paris 2024’s head of environmental excellence....
...ECB vice-president Luis de Guindos told Le Monde in an interview published on Tuesday that this was now a “fait accompli” as long as price pressures remained in check....
...Cardinale also confirmed that AC Milan will build a new “American-style” stadium in the city....
...staged as a balletic pas de deux between Delia and Ivano, the same old dance they’ve gone through so many times....
...Private equity firm CVC Capital Partners has financed the Spanish and French football leagues, while US investors have bought famous clubs, including Italy’s AC Milan and Premier League side Chelsea....
...Last week, former Tag Heuer marketing manager Mike Vogt drove to the brand’s headquarters in La Chaux-de-Fonds, Switzerland, to hand in a prototype watch he had been holding on to for 30 years....
...Why Elliott is still locked in a legal battle over AC Milan US hedge fund Elliott Management sold AC Milan to RedBird Capital Partners in the summer of 2022 for a record price of €1.2bn....
...Many are also narcissistic and aggressive when threatened: they are, as Kets de Vries put it, “misfits who need to create their own environment”....
...MultiChoice shares rose by up to 5 per cent on Monday, taking their gain since Canal+’s first approach to about 24 per cent....
...F1’s operating profit rose by 64 per cent to $392mn in 2023 from a year earlier, as revenues jumped to $3.2bn from $2.5bn....
...Thus only a fraction of overall AUM is deployed in strategies that have a direct impact on the VIX® index (e.g. 1-month over/underwriting strategies on the S&P 500 index)....
...A discernible trend towards de-technologising our lives is afoot....
...Performances at the state-subsidised Teatro de la Zarzuela often take risks in an attempt to make zarzuela more accessible to younger audiences, such as updating classics like 1894’s La Verbena de la Paloma...
...It’s no coincidence that the S&P 500 is also having a stellar run....
...Three other shareholders — the UK’s Universities Superannuation Scheme, Canada’s Caisse de dépôt et placement du Québec (CDPQ) and Singapore’s GIC — have also exercised a right to try to sell their stakes...
...Even inside the S&P 500 there is a stark performance disparity between the biggest stocks and the rest....
...Companies continued to add jobs for a third consecutive month, albeit at “only a very modest pace”, S&P said....
...This is the question at the core of two of spring/summer 2024’s most compelling collections....
...As key markets hunker down for a long weekend, the S&P 500 index of blue-chip US stocks has wrapped up the first quarter of this year with a gain of 10 per cent, on top of the 11 per cent climb in the final...
...But debt costs are still lower than in the 1990s when de-equitisation took off,” said Robert Buckland, a former chief global equity strategist at Citigroup who coined the term 20 years ago....
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