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...PIF and the tour shocked players, sponsors, media distributors and politicians last June when they called a truce, ended costly court battles and set out the intention for the Saudi fund to take a minority...
...The company was bought by US buyout group American Securities in 2011 before Apollo agreed to acquire it in 2014....
...Some firms were adapting fund settlement cycles to T+1 at the umbrella level, while others were making decisions at the sub-fund level based on their level of North American holdings, he added....
...Sector equity ETFs were also among this year’s “heavy distributors”, because of a $22.6bn exodus from the sector year to date through October 31, Morningstar data shows....
...More than half of BlackRock’s $10tn in assets under management are retirement savings, including institutional pension funds, corporate defined contribution plans known as 401(k)s and individual accounts...
...By comparison, the firm’s $2.49tn American Funds mutual fund line-up bled $43.1bn last year. T Rowe Price, meanwhile, debuted its first ETFs in 2020....
...crisis affected consumption and distributors ended up with large stocks,” said Kunze-Concewitz....
...They are even allowed to sell their French wines direct to American consumers....
...In the US, it and fellow index fund providers BlackRock and State Street have come under scrutiny from the left and right for the influence they wield by holding large stakes in most American public companies...
...American Express Global Business Travel has agreed to buy rival CWT for $570mn in a bet on the continued recovery of business travel....
...But the board, under heavy pressure from hedge funds, went for broke by taking a premium bid from JetBlue hoping against hope that it could push a deal past the US Department of Justice and eventually the...
...“Now the most likely outcome is they will shut down the US, and all the American investors in ByteDance will bear the losses,” Li said....
...The work has been in the same American collection since 1995, when it was bought for $475,500, and is re-offered, guaranteed, in New York next month....
...The move intensifies doubts over the financial health of the UK’s largest water distributor....
...SSG’s co-investors include a who’s who of American billionaires, from New York Mets owner Steve Cohen to Atlanta Falcons owner Arthur Blank....
...wealth fund is invited to join the deal....
...Congressional testimony suggests these include equity funds, such as BlackRock and Fidelity, who hold stakes as part of emerging market baskets....
...However, as I have noted before, some 60 per cent of the group is actually owned by “international” investors, overwhelmingly American....
...Capital for the loans would come from overseas credit funds and local banks, Arora said....
...Anglo American believes that should change....
...The top American securities regulator cleared 11 ETFs to list, with sponsors ranging from established players such as Fidelity and Invesco to digitally focused newcomers including Grayscale and Ark Invest...
...Countries around the world are struggling to fund old age benefits as longevity increases, but the US has a particularly acute problem, as more than 4.1mn Americans retire annually — or a predicted 11,200...
...But letting them snap TikTok up would only increase their power over the American psyche....
...American VC groups have deployed just half of a record $435bn they raised from investors during the pandemic-era boom between 2020 and 2022, according to private markets data company PitchBook....
...You’ll be treated to lots of Lee’s excellent journalism in forthcoming editions of this newsletter; for a taste of what to expect, check out her investigation for The American Prospect into safety conditions...
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