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...of Goldman Sachs in 1999 and Blackstone Group in 2007....
...Venture capitalists Sequoia and Paradigm bought 5 per cent of the company for $1.15bn, valuing it at $22bn....
...Citadel Founded 1990 Assets under management $30bn+ Employees 1,825 including 900 investment professionals Headquarters Chicago, with offices in North America, Europe, and Asia Ownership Privately...
...BMO Global , the Canadian owner of F&C Asset Management , says there is no need for substantial changes....
...(Financial Times) Citic “has bought a stake in U.S. brokerage firm BTIG LLC, the company’s latest move to grow outside of China through buying a holding in a Western investment firm....
...The apartments are between 1,500 sq ft and 6,000 sq ft and cost from C$1.6m to C$9m....
...However, since the 2007-08 food crisis, the industry has offered rising profits on the back of escalating trading volumes....
...Citadel, the Chicago-based hedge fund, has given up on its attempt to build itself into a financial institution to rival the investment banks of Wall Street....
...In 2007, Bear Stearns had a leverage ratio of 34:1. Goldman, the lowest of the bulge bracket, had a ratio of 26:1, according to figures from Capital IQ....
...Englefield raised €1.06bn for its second fund in January 2007, which is still only half invested. It aims to invest €30m-€150m in companies worth more than €75m....
...Says the WSJ: With payments on some 1.4 million mortgages resetting to higher levels this year — up 52% from 2007 — banks and mortgage lenders are likely to face rising defaults as heavily indebted U.K....
...The Wall Street Journal, for example, is today due to change its print design....
...Citing the tough trading outlook, the broker lowered its 2006 pretax profit forecast by 4 per cent to £67.5m, and its 2007 estimate by 12.5 per cent to £74m....
...VW is seeking labour savings of close to €1,000 per car in order to build a new sport utility vehicle at its Wolfsburg base. If the savings cannot be found, the car is to be built in Portugal instead....
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