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...Many of the businesses now underwrite their own debt deals, lending either directly to companies or against a host of assets....
...They include Alan Howard, the billionaire co-founder of Brevan Howard Asset Management — himself a big Tory donor....
...This includes the elimination of two inter-company business lines, new direct reporting from the LOBs to the C-suite for the first time ever, and collapsing of management layers from a remarkably high 13...
...The company has added an ombudsman for employees authorised to work on behalf of the FAA — a move required by a lawsuit settlement — and added real-time data and analytics software into its safety management...
...I think a lot of people were anticipating a V-shaped recovery . . . People are now waking up the realisation that volatility is going to be normal going forward.”...
...However, the media-shy co-founder of Brevan Howard enjoyed a far better 2022, with his fund finishing the year up around 51 per cent....
...A version of this article was first published by Nikkei Asia on July 19. ©2022 Nikkei Inc. All rights reserved....
...He renamed the company Brookfield Asset Management in 2005....
...The new entrants in Tinseltown are private equity headliners Blackstone and Apollo Global Management, both known for their lean financial management and ability to avoid losses....
...Let us know what you think at imani.moise@ft.com and sid.v@ft.com. A programming note: FintechFT will take a one-week break in observance of the Easter holiday. The next issue will be April 25....
...The purchase, equivalent to 9.2 per cent of the company’s shares, comes a week after Musk said he was giving the idea of buying a social media company “serious thought”....
...The deal is subject to shareholder sign-off but has already received the backing of more than a third of investors, the company said, including the family of chair Howard, which has been involved in the...
...‘Perfect scenario’ Those look like V-shaped projections, Andrew Glenn thought to himself....
...Aim2 was created by Brevan Howard three years ago to use data science and machine learning for alpha investment strategies....
...It follows Brookfield’s acquisition last year of Oaktree Capital Management, the credit-focused asset manager founded by Howard Marks and Bruce Karsh....
...Howard Silverblatt, senior index analyst at S&P Indices, said given the 500’s “heavily institutionalised” investor base, it was “looking for profitability and stability in companies”, not those that are...
...Shares in the company founded by Elon Musk have risen more than six-fold this year, hitting $555 on Tuesday....
...The company also touted record fundraising of $23bn in the second quarter, helped by a new distressed debt fund at Oaktree, the specialist credit firm bought from founders Howard Marks and Bruce Karsh last...
...If there is a sense from this earnings season that confidence in a V-shaped recovery for profits is misplaced, then the impact will probably be hardest on companies with weak balance sheets, and on those...
...Billionaire investor Howard Marks took a board seat this year after selling a majority stake in his Oaktree Capital to Brookfield in a $4.7bn deal....
...In short: it is not clear what levers there are left to pull for management teams to get their businesses out of the red....
...Uber shares traded higher after hours on Thursday after the ride-hailing company promised profitability in the final quarter of this year, officials in London and Washington told the FT that Donald Trump...
...Going forward, the federal government has ordered that only Euro-V standard fuels can be imported. Elsewhere, banks have announced policies to end financing for coal-powered plants....
...Passive fund management is a big success built on a big fallacy. The late Jack Bogle’s sales pitch encapsulates it: “Don’t look for the needle in the haystack. Just buy the haystack.”...
...They have to engage with a company’s board and management about a wide breadth of issues that now include stickier matters such as boardroom diversity and climate change....
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