Hints and tips:
Related Special Reports
...In 2021, he hired three former Goldman partners — Paul Russo, Scott Rofey and Jeffrey Verschleiser — to lead the risk management of the firm’s equity, macro and rates, and credit divisions respectively....
...But regulators are studying the liquidity risks being stored up in these strategies, and the potential spillover effects for the wider financial sector....
...Multi-managers typically employ tens or hundreds of portfolio managers to trade a wide variety of strategies, all supervised by a centralised risk team, and have been the fastest-growing part of the hedge...
...How big a deal might all this be?...
...The world’s largest buyout groups, whose ascent in the fund management industry was underpinned by the use of junk-rated loans, are placing low risk lending at the heart of their growth plans....
...“We’ve moved virtually all the data that we need for every asset that the firm is involved in . . . all the data that all the researchers need,” said Costas Bekas, head of research platform at Citadel Securities...
...Bankruptcy claimants get a very rare payday in FTX Was Sam Bankman-Fried right all along?...
...All three groups declined to comment....
...Indeed, adaptive robotics and robotaxis alone could realize almost all of the transformational acceleration we are anticipating, as shown below....
...Jane Street is suing Millennium Management and two former employees for allegedly stealing trade secrets in a rare public spat between two big Wall Street investment firms....
...Bridgewater, which in 2022 lost its place at the top of the all-time rankings to Citadel, fell a further two places to fourth, losing $2.6bn....
...Apparently, Apollo Global Management has other priorities....
...If it succeeds, we’re all better off and if it doesn’t, well, the exchange’s investors lost.”...
...While Sony and Apollo are providing all of the equity financing to the bid, Legendary Entertainment, an existing Apollo investment that recently released the blockbuster Dune: Part Two, would also form part...
...Instead of receiving an annual management fee, the manager passes on all costs to their end investors, including staff salaries and bonuses....
...Chelsea co-owner Todd Boehly’s Eldridge Industries is in advanced talks to buy European private credit firm Hayfin Capital Management....
...“It’s people who are investing in assets that have inappropriate risk profiles for them, which is many types of money, but it’s all been prompted by the fact that capital was free, and it will wash out.”...
...All teams working on its AI models, including its flagship Gemini chatbot, will be unified under its DeepMind division run by Demis Hassabis, according to a memo on Thursday....
...Liability management is a fancy catch-all term for strategies used by companies and their private equity sponsors to reduce or push out their debt maturities — typically hurting existing investors in the...
...But on a risk-adjusted basis they have blown their rivals out of the water....
...The risk ‘genius’ pulling the insurance strings In early 2023, Ajit Jain was weighing Berkshire’s exposure to the risk of a devastating hurricane hitting Florida....
...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....
...“You’ve seen some of that turn around in a reduction of risk appetite.”...
...Help is welcome, writes columnist Emma Jacobs, but it must avoid the risk of “meno-washing”....
International Edition