Hints and tips:
...Representatives for Carlyle, Morgan Stanley and Aream declined to comment....
...At KKR’s investor day this week, the $553bn-in-assets group laid out a goal to join Blackstone in surpassing $1tn in assets within the next five years....
...Separately, Morgan Stanley’s credit arm last month committed $700mn to buy song copyrights with music company Kobalt....
...In 1999, it spun out its assets into Novo Holdings. While Kutay and his team manage the foundation’s assets, Ozempic and Wegovy sales have helped it become the world’s largest philanthropic group....
...Founded in 2001, Jagex has had several owners, including asset manager Macarthur Fortune Holding, its most recent before Carlyle....
...Many see Solomon and Nachmann’s challenge ahead as growing Goldman into the mould of Morgan Stanley....
...Voya Financial’s asset management arm named Matt Toms as its new chief executive, replacing Christine Hurtsellers, who is retiring....
...Morfit described Disney as “the world’s leading entertainment company”, adding it had “the best intellectual property, sports brand and parks and experiences assets in the industry”....
...Speaking in an interview with the FT, Morgan Stanley’s outgoing chief executive James Gorman struck a more upbeat tone....
...Private credit funds have mushroomed in their place, with total assets of $1.5tn according to Morgan Stanley....
...The push has also come as institutional investors are growing overexposed to private assets....
...Morgan Stanley chief financial officer Sharon Yeshaya also told analysts this week that the bank expected to benefit from a backlog of deals....
...“I didn’t predict the enormous crash but we knew there was a risk,” said one longstanding LP....
...The lenders, comprised of Bank of America, Bank of Montreal, Deutsche Bank, Morgan Stanley and M&T Bank, have also asked Icahn to make $87.5mn in quarterly principal payments beginning in September 2024...
...That figure was at least twice as high as the per-employee amount set aside at Goldman Sachs, Morgan Stanley and the corporate and investment banking arm of JPMorgan Chase, which have much larger headcounts...
...Central to Hindenburg’s report was a margin loan Icahn took out with Morgan Stanley in which he pledged 184mn Icahn Enterprises shares, representing more than 60 per cent of his holdings at the time....
...The net asset value of Icahn Enterprises fell from $7.9bn in 2017 to $5.6bn this month....
...He also said he had the resources to cover margin loans he took out from Morgan Stanley with some 60 per cent of his Icahn Enterprises shares pledged as collateral....
...Reality check Wall Street banks, including Goldman Sachs and Morgan Stanley, are scaling back ambitious expansion plans in China, Bloomberg reports....
...created by large banks such as JPMorgan Chase and Morgan Stanley....
...Morgan Stanley has hired Credit Suisse’s head of healthcare investment banking for the Americas Ryan Bondroff, Bloomberg reports....
...If Mason were to lead Carlyle, he would become one of the most senior black leaders on Wall Street, helming one of the world’s largest and most established private equity groups with nearly $400bn in assets...
...Over the past six months, Carlyle sounded out interest for its CEO role from many of Wall Street’s biggest names, including Nasdaq chief executive Adena Friedman, Goldman president John Waldron, former Morgan...
...Conway had previously told employees the $369bn in assets group was looking at candidates with a “demonstrated record of leading high-performing global companies”....
...But even the Morgan Stanleys, Bank of Americas and Goldman Sachses of the world are having to reinvent themselves, explore new distribution models, and look for new clients outside of the investment world...
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