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...Last month UBS agreed to sell an additional $8bn of loans to Atlas SP as part of a renegotiation of the deal that also scrapped an associated investment management arrangement....
CEO projects share of sales will double as companies integrate technology into operations
...offer put to them by management last week....
...Grant Thornton’s retired US partners are demanding a greater share of the spoils from its sale of a majority stake to private equity, after accusing the accounting firm’s management of short-changing them...
...Successfully traversing such terrain demands forecasting talent, which Ark Investment Management lacks.”...
...Goldman has proved fertile hunting ground for Millennium founder Izzy Englander, who has tapped several of the bank’s partners for roles at his $62.2bn hedge fund as he moves to build out the management...
...“By and large, many institutional investors are overallocated to private equity when benchmarked by their target portfolio allocation strategy,” said Christine Patrinos, a Boston-based partner at Monument...
...He is already proving a valuable addition to the Board and management teams.”...
...Bain Capital has promoted one of its top dealmakers in Asia to co-managing partner, the highest position at the asset manager, as the broader buyout industry grapples with succession planning....
...The cash from New Mountain, together with some debt financing, will be used to return capital to current partners, buy out retirement obligations to former partners and build a war chest for investment,...
...Doing so will add $12.5bn to General Atlantic’s $83bn assets under management....
...There was, however, only one person being tried: Mohammed Ali Rashid, a former senior partner at Apollo Global Management....
...Millennium, which was founded in 1989 by Izzy Englander, has grown to become one of the most prominent multi-manager hedge funds in the world, with about $63bn in assets under management and average returns...
...Job moves Bain Capital has promoted David Gross to co-managing partner, the highest position at the asset manager, where he will work alongside John Connaughton....
...As an international asset management centre, UK asset managers should be able to capture this growth....
...Jana Partners, the prominent US activist fund with around $2bn in assets, announced on Wednesday that it would work alongside Cannae Holdings, a financial sponsor holding company....
...Others include private equity firms RedBird Capital Partners, Ares Management, Silver Lake, Sixth Street and CVC Capital Partners....
...“It will help us turbocharge the Android and Chrome ecosystems, bring the best innovations to partners faster . . . and internally, it will also speed up decision making.”...
...The 62-year-old Australian, whose audacious poaching of more than 20 senior executives from asset manager Barings last month has already sparked litigation, spent 20 years running a property business that...
...Vanguard chief executive Tim Buckley plans to retire from the asset manager by the end of the year....
...Goldman Sachs’ Petershill Partners, which owns minority stakes in alternative asset companies, has bought a stake of more than 20 per cent in private credit specialist Kennedy Lewis Investment Management...
...A new group including Mubadala, Michael Dell’s family office, Goldman Sachs Asset Management and Lexington Partners will also invest cash into Endeavor....
...a player in alternative investments as it is in traditional asset management....
...Izzy Englander’s New York-based Millennium, which runs $61.4bn, gained 10 per cent last year, while Steve Cohen’s Point72 Asset Management, which has $31.4bn in assets, was up 10.6 per cent, investors said...
...The research found that the top 20 managers had created $755.4bn in profits since they were set up — more than the $655.5bn in assets they are at present managing....
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