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...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....
...Goldman Sachs’ global treasurer, Philip Berlinski, is leaving the bank after 24 years for New York-based hedge fund Millennium Management, according to two people familiar with the situation....
...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...
...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....
...He is already proving a valuable addition to the Board and management teams.”...
...Senior partners at the accounting firm BDO USA are in line for a big windfall after the arrangement of a $1.3bn debt deal with Apollo Global Management, according to people familiar with the situation....
...The firm has said it has never sued a former employee before this lawsuit....
...There was, however, only one person being tried: Mohammed Ali Rashid, a former senior partner at Apollo Global Management....
...Unlike other big Hollywood studios, Sony management decided not to pour billions into building its own streaming service to compete with Netflix....
...Pichai’s blog on Thursday also addressed an employee protest this week against an AI and cloud contract with the Israeli government and military....
...In one instance, Weightman’s pitch to a senior Barings employee who later defected is preserved in full, offering them an “interesting private credit opportunity at Corinthia Global Management” and to send...
...In today’s newsletter: Tiger Global goes on the offensive Financiers pay homage to a Rothschild Dimon and debt at a packed Miami conference Tiger Global reflects on a ‘solid recovery year’ Chase Coleman...
...Centerview has denied that, alleging that Handler was attempting to shake them down for money he did not deserve and that, regardless, whatever equity he had earned required him to be an employee at the...
...Tiger Global has raised $2.2bn for its latest venture capital fund, roughly a third of the $6bn target it touted to investors when it first announced the fund in 2022....
...In our view, a spate of technological breakthroughs is in the process of transforming not only the global economy but also financial markets....
Best-performing managers’ punchy bets on stock markets paid off in 2023
...The deal also included an agreement where Atlas would provide investment management services to some of the assets Credit Suisse retained....
...“In a way it’s an arms race,” Russell Hardy, chief executive of Vitol, the world’s biggest oil trader, told the FT Commodities Global Summit in Lausanne this month....
...“After an investigation, we found that this employee stole numerous documents, and we quickly referred the case to law enforcement....
...The gains came as money managers had to contend with a regional banking crisis in the US and a large sell-off in the bond market for much of last year as global interest rates moved higher....
...Apparently, Apollo Global Management has other priorities....
...Larocca joined Trafigura in 1994, a year after it was founded, and is the longest-serving employee among the current management....
...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....
...A case in point: Moore Global, a global network of more than 200 mid-size accounting firms with annual revenue that rose 15 per cent last year to $4.5bn, said more than half its revenue growth in 2023 came...
...A former UK Ministry of Defence employee has been sentenced to more than two years in prison after being convicted in a long-running Saudi bribery investigation....
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