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...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....
...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....
...Brussels has signalled it is open to European telecoms mergers to help fund the rollout of 5G and update ageing networks, in what is likely to be seen as a softening of approach after regulators quashed...
...During a cameo in an episode of the US TV show Billions in 2020, fictional hedge fund titan Bobby Axelrod, played by actor Damian Lewis, referred to Solomon as DJ-D Sol....
...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....
...“We have ongoing active discussions at various stages of progress with more than five governments around the world,” said Marius Dan, deputy chief executive of Franklin Templeton’s Bucharest operations....
...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....
...In theory, that could give traditional banks more flexibility on non-competes than asset managers, private equity firms and hedge funds....
...Beyond the obvious and well-documented challenges of being a very traditional active asset manager in a world that mostly loves alternatives and passive funds, Franklin also has a rep for being a bit old-fashioned...
...Former world number one Rafael Nadal was last month unveiled as an ambassador for the Saudi Tennis Federation, becoming the latest big star to lend their name and face to Riyadh’s sporting ambitions....
...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....
...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....
...“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....
...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...
...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....
...The two 27-year-olds envisioned hiring reporters in far-flung corners of the world that had been neglected by legacy media outlets suffering falling advertising revenues....
...The world’s largest cryptocurrency, which hit $73,800 last Thursday, dropped as low as $60,760 on Wednesday before recovering to just under $63,000....
...The question of what banks do with excess profits — whether they pay dividends and buy back stock or use them to fund business operations such as lending — is one of the flashpoints between banks and regulators...
...“People are being paid to wait with the highest rates they’ve been able to earn in decades in money market funds, and the world is a very uncertain place right now,” he said....
...Solomon argued that without changes, the capital requirements would result in higher borrowing costs for clients such as manufacturers, food producers and pension funds....
...Yet BlackRock and its peers continued to pour client money into the energy transition, including a $550mn investment into Occidental Petroleum’s carbon capture project, the world’s largest deploying a new...
...Oversupply pushed more than 20 telecom groups into bankruptcy by 2002. Shares plunged. Now, in the world of AI, chips are king....
...The funds, which include those from BlackRock, Franklin Templeton and Invesco, have attracted net inflows of nearly $4bn, according to ETF.com....
...Indonesia is one of the world’s biggest emitters of greenhouse gases....
...The pension fund trustees might require a hefty top-up payment to compensate. The arcane world of pension valuations could be set to move into the spotlight....
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