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...One former Grant Thornton partner said they were not intending to sign the waiver of their right to take the firm to arbitration, which management has said must be signed by April 30 if they want the kicker...
...The firm, one of the world’s most prominent multi-manager hedge funds, has 5,500 employees globally and more than 300 investment teams trading a range of different strategies within strict risk limits....
...In addition, there are negative tax implications from getting the benefit in one lump sum, the retirees have said....
...“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....
...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...
...One can measure this change either by the average yearly growth rate or, as in our case, by calculating how long it would take for the world’s production to grow tenfold....
...Unlike other big Hollywood studios, Sony management decided not to pour billions into building its own streaming service to compete with Netflix....
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...Who Cares? Does it really matter if cogs in the billionaire factory are a bit jammed? I mean, sure, private equity dudes care, but should the rest of us?...
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...Apparently, Apollo Global Management has other priorities....
...The survey by the NYSE, part of Intercontinental Exchange, was put out by its data analytics team rather than its management, but it highlights the growing interest in trading the likes of Nvidia or Apple...
...And no one cared. The vast majority of people still don’t care. To borrow a phrase from the crypto bros, as long as number go up, why should anyone care? And look, it’s a free country....
...There was standing room only in two sessions that the FT’s Harriet Clarfelt dropped in on — a “sign of the times”, one lawyer observed, after a talk titled “Liability Management: Lessons Learned”....
...Its hodgepodge included a legacy talent management agency as well as live events and a mixed martial arts league....
...The original Credit Suisse deal with Apollo led to the alternative investment manager taking on one of the Swiss bank’s most profitable divisions, but one that required a lot of capital....
...Tiger was one of the most prolific investors in private technology start-ups during a venture boom that peaked in 2021....
...“Succession within Ardian is a real issue,” said one longtime executive....
...Elliott’s demands — presented to top management within the past month — include a request that the company sell down its $3.6bn stake in Oriental Land, the company that runs Tokyo Disneyland . . ....
...hedge fund industry, one of the people said....
...Funds operated by Wood’s firm Ark Investment Management LLC have bought about 216,000 shares of the company over investments made on Dec. 20 and Jan. 3, according to Ark’s daily trading data compiled by...
...Earlier this week, Millennium, one of the world’s biggest hedge funds with $60bn under management, and Schonfeld, which manages $11.7bn, terminated months-long talks to form a partnership where the smaller...
...Multi-manager hedge fund Freestone Grove Partners, led by a former Citadel portfolio manager, launched with $3.5bn last week, according to one person with knowledge of the matter....
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