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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....
...Mutual funds have enabled millions to invest in the stock market since they were introduced 100 years ago, but newer, nimbler products are reshaping asset management....
...Apollo’s accounts receivable department never knowingly, or as a matter of practice, improperly billed any Apollo-managed funds for expenses that should have been accounted for as management company expenses...
AI caramba
...US billionaire Bill Ackman’s hedge fund Pershing Square rejoined the top 20 hedge funds after leaving the rankings in 2015. It was up 27 per cent in 2023, making $3.5bn....
...Apollo told him: “Apollo’s accounts receivable department never knowingly, or as a matter of practice, improperly billed any Apollo-managed funds for expenses that should have been accounted for as management...
...In response to “The loneliness of Mike Pence”:“While some corporations may revel in Biden’s industrial policy and the funds that it brings, genuine capitalists have no more use for this than they do for...
...Schonfeld Strategic Advisors’ main fund gained 3 per cent last year, according to investors, while Dmitry Balyasny’s hedge fund Balyasny Asset Management ended the year up 2.7 per cent in its Atlas Enhanced...
...Car crash Internal disagreements over the direction of the Apple car led the effort to sputter for years before it was cancelled this week, The New York Times reports....
...“Apple should be transparent in their uses of AI and their risk management processes.”...
...A portfolio manager at Izzy Englander’s Millennium Management is preparing to launch what would be the biggest new hedge fund in more than a year after securing $3bn of capital from his employer and taking...
...Cannae pays a 1.5 per cent annual management fee, roughly $40mn, to another Foley affiliate....
...To compare apples with apples, the industry should really be measured against benchmarks comprising exchange traded funds or similar real-life passive vehicles....
...Millennium Management, the $60bn hedge fund led by Izzy Englander, and Schonfeld Strategic Advisors have terminated talks to form a partnership, according to people familiar with the situation....
...US hedge fund Schonfeld Strategic Advisors is cutting 15 per cent of its workforce in a cost-cutting drive after walking away from talks with larger rival Millennium Management earlier this week....
...Asset managers from BlackRock to Grayscale have launched an online advertising blitz for their bitcoin exchange traded funds, taking advantage of a change to Google’s marketing rules on promoting cryptocurrency...
...Back in November 2022 these investors — including Trillium Asset Management, the New York City Retirement System and the Greater Manchester Pension Fund — had filed a shareholder proposal that would have...
...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....
...“They have a growth problem, and when you are $400bn plus in revenue and you are a tech company, it’s part of your DNA to grow,” said Gene Munster at Deepwater Asset Management....
...funds....
...For a fleeting moment yesterday, the Securities and Exchange Commission appeared, on X, to have approved the creation of spot bitcoin exchange traded funds....
...As a result, its assets under management have nosedived from a peak of $226bn in 2018 to $98bn....
...An Rmb2tn ($280bn) stock market “stabilisation fund” drawn from the offshore money of state-owned enterprises is reportedly being considered....
...Multi-managers have accordingly generated much of the growth in hedge fund assets under management over the past five years....
...For further reading: Are hedge fund pioneers facing the end of a golden era?...
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