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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....
...The bank recently opened an office in Munich for its dealmaking team focused on European technology, media and telecoms companies, co-headed by Macario Prieto....
...JPMorgan has become more acquisitive in recent years after Dimon warned in early 2021 that it “should be scared shitless” about emerging threats from technology companies....
...The FT has previously reported on large losses tied to other hung loans at the time, including the buyouts of technology company Citrix and television rating provider Nielsen....
...Additional reporting by Joshua Franklin and Jennifer Hughes in New York...
...It has put the mandate to manage the fund out to tender, with Franklin Templeton’s current tenure due to expire next year....
...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....
...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....
...The biggest movers on European stock markets on Thursday include travel technology platform Amadeus, joiner and kitchen supplier Howdens, consumer health group Haleon and logistics company Wincanton....
...It’s making its intentions known by doing things like opening new locations around the country, investing more than its competitors in technology and well, by doing this....
...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....
...On artificial intelligence, Dimon said JPMorgan was “completely convinced the consequences will be extraordinary” and likened the technology’s potential impact to that of the printing press, electricity...
...Corporate earnings: Full-year results are due from airlines groups Air France-KLM and IAG, Belgian brewer AB InBev, the London Stock Exchange Group, hedge fund manager Man Group and UK online supermarket...
...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....
...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...
...Fraser is also trying to release Citi from a 2020 consent order with banking regulators that required it to upgrade processes and technology after it mistakenly wired $900mn to creditors of one of its clients...
...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....
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