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...Englander has built Millennium into a hedge fund that increasingly resembles the markets division of a global bank....
...The business is an effort to pair the sort of investigative journalism typically done by newsrooms with a long-short hedge fund....
...When Washington imposed sanctions on the Kremlin-run bank, JPMorgan had to move the funds to a separate escrow account. Under the US sanctions regime, neither VTB nor JPMorgan can access the funds....
...It has put the mandate to manage the fund out to tender, with Franklin Templeton’s current tenure due to expire next year....
...Dimon’s stature on Wall Street has led to calls last year for him to run for president from the likes of hedge fund billionaire Bill Ackman. He has resisted....
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...With about 40 per cent of its assets in fixed-income funds, Franklin could benefit from the peak-rates wave of money coming back into bonds....
...The ATP Tour and the Saudi Public Investment Fund on Wednesday announced a “multiyear strategic partnership . . . enhancing global tennis and its long-term future”....
...Investors pulled $33bn from Franklin’s mutual funds in 2023, down from nearly $50bn in 2022, Morningstar Direct data shows....
...The biggest movers on European bourses on Tuesday include retailer Casino, engineering company GTT, fund manager Abrdn and laboratory group Eurofins....
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...Pick pointed to pressure on private equity firms to sell existing assets and deploy new funds and big companies’ need to overhaul supply chains as drivers for more investment banking activity....
...Liberty’s backers include SoftBank and Saudi Arabia’s sovereign wealth fund....
...He served as chair of trustees of the National Gallery between 1985 and 1991 and chair of the Heritage Lottery Fund from 1994 until 1998....
...Blackwells issued a presentation this week estimating that ValueAct, which has been a supportive investor of Disney, has made up to an estimated $95mn in fees from managing pension funds of company employees...
...Other investors included Hudson Bay Capital Management, which put in $250mn, and Citadel, the hedge fund led by billionaire Ken Griffin....
...First under Schlosstein and then Weinberg, the firm has aggressively pushed into once-esoteric areas of alternative assets investing: helping private equity firms raise money and trade secondary fund slices...
...“There’s an intensity [in Vis,] you see it right away,” said Sadek Wahba, the head of infrastructure fund I Squared Capital, who expects to do more business with Citi now that Raghavan is there....
...Hudson Bay Capital, Reverence Capital Partners and hedge fund Citadel are co-investing in the deal which closes on Monday....
...The country’s largest banks expensed $16bn to cover the government-imposed “special assessment”, which replenished a deposit insurance fund that was heavily depleted by the failures of Silicon Valley Bank...
...GQG holds 700,000 Goldman shares, worth about $260mn at Wednesday’s closing price, for its US fund. Goldman is the only US bank in its portfolio....
...for the profit drop was last year’s banking turmoil — the Federal Deposit Insurance Corporation imposed a one-time charge on many US banks in order to pay for losses, which the FDIC’s deposit insurance fund...
...Gabriel Gbadamosi, founding editor of WritersMosaic, a division of the Royal Literary Fund, recalled how Palestinian delegates at a writers’ conference in Ramallah in the mid-1990s were amazed when Zephaniah...
...In recent months, Goldman’s leadership has talked about the need to reward top performers or risk losing them to rival banks, private equity firms or hedge funds....
...Most of the hedge funds said we’ll give the money back to Citi that you mistakenly transferred to us. But some of the hedge funds said, actually, we’re going to keep about $500mn....
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