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...Oaktree, the credit investor co-founded by Howard Marks and Bruce Karsh, has been on a fundraising push as it looks to compete with larger rivals....
...Grant Thornton has not publicly disclosed how much New Mountain and its co-investors are paying for the 60 per cent stake, or how exactly the firm will distribute the proceeds of the investment and the new...
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Consulting group elevates Belgian Christophe De Vusser to succeed Manny Maceda
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...“Once companies, especially financial services companies, get to the $50bn market cap, their stock performance suffers,” Nuttall said. “Investor returns become more anaemic. Their growth slows.”...
...years of 2020-2022 were outliers and not the new normal,” Adam Prager, co-head of the recruitment firm Korn Ferry’s professional services practice, wrote in a recent report....
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...It is the reincarnation of Wall Street’s proprietary trading desks in asset management, with upside-down incentive structures, without the same regulatory oversight and with ill-fated stop loss risk management...
...Meanwhile Cliff Asness, co-founder of AQR Capital Management, tells my colleagues at Unhedged why he thinks AI is less than revolutionary for finance....
...He had met the co-head of Barings’ private finance group Adam Wheeler years earlier, when Wheeler worked at Australian firm AMP Capital, although Weightman said that this brief encounter had no bearing on...
...JPMorgan Asset Management....
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...Miller, who runs investment group Boots Capital Management, has been advocating for his own turnaround plan at Crown Castle....
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...PwC China said it was aware of the AFRC statement and would continue to co-operate with regulators....
...One of the very few women at the top of asset management, globally, and the only foreign leader of a leading financial services company in Japan, Drews decided long ago to do things differently....
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...And next: Elliott Management is setting up a new company to invest at least $1bn to buy mining assets globally, as it seeks to take advantage of the depressed valuation of companies operating in the sector...
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