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...“You would expect me to say this, but I think we did pay our dues in 2021 and 2022, and now we’re on the other side of that,” Wood, chief executive of Ark Investment Management, told the Financial Times....
...We’re always engaged in conversations, but I’m challenging the team and myself to think more broadly and more openly about the opportunities we have.”...
...Their emphasis below: During the current business cycle, we believe real gross domestic product (GDP)i growth could accelerate to 7% per year on average, surpassing that of any year since 1950....
...“I thought it was better to talk to people directly than through headhunters,” he said. “I’m a front door sorta guy. I think it was effective and I’d do it again.”...
...This week I bring you two tales of succession — or lack thereof — at two of the world’s top alternatives managers: hedge fund Millennium Management and private equity firm Ardian....
...Did management make the right noises — or do they still think its problems are anomalous and disconnected?...
...But some smaller investment managers don’t have sophisticated risk-management processes, and their incentives are just to grow and deploy capital. But is that a systemic risk? I’d say probably not....
...“I probably think markets are more efficient than the average person does, long-term efficient, but I think they are probably less efficient than I thought 25 years ago,” Asness said in an interview with...
...“I extend my deepest condolences and those of the entire IMO family to the families of those who have lost their lives, and our thoughts are with those who have been injured,” he said in a statement....
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...Last week my New York-based colleague Ortenca Aliaj and I revealed that Izzy Englander’s Millennium Management is in advanced talks to put billions of dollars to work with smaller rival Schonfeld Strategic...
...“Whether there’s an initial pop and then a slow climb thereafter, I guess we’ll see....
...“I’m not here to win friends and be happy ever after. We obviously have to be respectful....
...It really is reliant on one guy and I guess we haven’t seen that since Pelé, but it was a very different landscape then.”...
...“If the deal is approved,” said Graham, “I think floodgates will open.”...
...“I don’t think many people understand what an asset we have in terms of those tax-loss carry-forwards,” Wood said....
...base management fees....
...But that is modest relative to the $8.4bn in cash that sits on Blackstone’s balance sheet and its more than $6bn in annual management fees....
...I mean, why are you even travelling?”...
...“If I wanted to talk to any of them I could and I value that because you don’t really get it from other large platforms.”...
...If I reflect on the past decade, we’ve invested some $8 billion, building 16 originating platforms....
...“I think the consortium has made a reasonable offer here. It strikes the right balance between risks and opportunities for the company,” he told the Financial Times....
...I’m sure most investors are aware of this risk when they go in,” given that it will be outlined in the ETF’s prospectus....
...In fact, I got in the habit of dialling into some of these characters’ Twitter spaces after the GME short squeeze happened....
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