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...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
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...The proxy firm’s analysis paves the way for a potential investor backlash at the FTSE 250 asset manager’s annual meeting on April 24....
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...“With our generative AI experiments in Search, we’ve already served billions of queries, and we’re seeing positive Search query growth in all of our major markets....
...“It means they have found a better place to deploy their assets than the businesses they’re running.” Amazon declined to comment. Meta, Palantir and Snowflake did not respond to requests for comment....
...The US abstained from the vote, allowing the body to pass its first resolution calling for a ceasefire since the war began in October....
...“We’ve moved virtually all the data that we need for every asset that the firm is involved in . . . all the data that all the researchers need,” said Costas Bekas, head of research platform at Citadel Securities...
...“I think we’re all trying to get to the moon first,” Hardy said....
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...They’re finding that these legacy businesses are no longer good from a required capital or risk-weighted-assets perspective. They’re not fully exiting, though....
...Millennium, which was founded in 1989 by Izzy Englander, has grown to become one of the most prominent multi-manager hedge funds in the world, with about $63bn in assets under management and average returns...
...It’s only been around since 2021 and has already amassed assets of over $50bn — making it larger than the 10 biggest public BDCs combined. In fact, by net assets it seems to be as large as the top 15....
...They’re not really a cash return to shareholders, they are a cash return to share sellers. If you’re more interested in not paying the tax man, a buyback is preferable....
...Additional reporting by James Fontanella-Khan in New York...
...Bluebell Capital Partners, which has $120mn in assets, has put a binding resolution on the company’s annual proxy ballot that would amend the corporate bylaws to require an independent board chair....
...The FTC’s move reflects some of the themes in its tougher antitrust stance, including finding the companies’ proposal to divest several hundred stores and other assets “inadequate”....
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...More details from the draft resolution....
...But I own plenty of invisible assets in my other funds that are only worth what others are willing to pay for them....
...Mentioned in this podcast: How Ukraine war distracted Moscow from Isis-K threat Infrastructure: from investment backwater to a $1tn asset class Israel cancels Washington visit after UN resolution demands...
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...What better time than to gather some of the top minds in the business to hear how they’re navigating all of this?...
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