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...“We are selling something seductive to a management team,” he added. “How do you build and grow a great business?”...
...Successfully traversing such terrain demands forecasting talent, which Ark Investment Management lacks.”...
...He is already proving a valuable addition to the Board and management teams.”...
...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....
...Retired US partners of Grant Thornton have stepped up their fight for a bigger share of the proceeds from the sale of the accounting firm, hiring lawyers to challenge management over the terms of the deal...
...$175bn in revenue from search and related ads last year, more than half its total sales, posing a conundrum for the company over how to embrace the latest AI innovations while preserving its biggest profit driver...
...After a fractious call with Grant Thornton’s management last week, retirees said the sum they were offered was unfairly low, in some cases coming up short by $1mn or more....
...Per Bloomberg: Apollo Global Management Inc bet on the longevity of senior citizens by acquiring illegal life insurance policies and funneling the payouts through shell entities, according to a new lawsuit...
...Chelsea co-owner Todd Boehly’s Eldridge Industries is in advanced talks to buy European private credit firm Hayfin Capital Management....
The markets watchdog rightly intervened in the wrangling over Applus
...Rail union Aslef, which says it represents 96 per cent of Britain’s train drivers, said more than 98 per cent of underground train drivers in the union had voted to strike over “London Underground’s failure...
...Digital artworks of frogs vomiting rainbows and other cartoonish imagery have shown up in bitcoin wallets run by ETF providers, including Cathie Wood’s Ark Investment Management and Bitwise Asset Management...
...How Deutsche Bank’s DWS inflated its assets for years Can an asset manager count third parties’ funds in their own assets under management and annual flows?...
...A judge in Manhattan on Friday declined to issue a temporary restraining order against Millennium Management after Jane Street demanded the hedge fund stop using a secretive international options scheme...
AI caramba
...The licence meant the San Francisco-based company unlawfully took business away from other drivers, according to RGL Management, a litigation claims management company representing the drivers....
...“This is about human lives . . . this has to be 10 times safer than human drivers to roll out at a large scale.”...
Best-performing managers’ punchy bets on stock markets paid off in 2023
...Jane Street is suing Millennium Management and two former employees for allegedly stealing trade secrets in a rare public spat between two big Wall Street investment firms....
...lawyer in Australian rugby league that provided the blueprint for the Barings raid, which has given Weightman a whole team of private credit experts for his nascent investment business Corinthia Global Management...
...There was, however, only one person being tried: Mohammed Ali Rashid, a former senior partner at Apollo Global Management....
...Apparently, Apollo Global Management has other priorities....
...Instead of an annual management fee, the manager passes all costs to its end investors, covering costs such as office rents, technology and data, salaries, bonuses and client entertainment....
...Private market assets under management have grown nearly 20 per cent a year since 2018 and reached $13.1tn as of last June....
...The world’s largest buyout groups, whose ascent in the fund management industry was underpinned by the use of junk-rated loans, are placing low risk lending at the heart of their growth plans....
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