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...But on a full-year results call with bondholders on Wednesday, management said the assets would be designated as “unrestricted subsidiaries”, meaning that proceeds from the disposals do not have to be used...
...H2O Asset Management’s auditor has warned that the firm’s accounts “do not give a true and fair view” of its financial position, handing the once high-flying investment group a rare “adverse” opinion....
...The firm has done a number of deals since its founding shareholders were hit by sanctions, including an $11.2bn agreement in December for it and BASF to sell the non-Russian assets of German oil and gas...
...The change in ownership would represent one of the biggest shake-ups in Heathrow’s boardroom since it was privatised under the Thatcher government in the 1980s.Any new investors will buy into an asset that...
...Corporate records show that Swiss-registered Paramount SA entered voluntary liquidation earlier this month. Troost founded Paramount SA in 2017....
...Carmignac’s assets under management have dropped 40 per cent in the past five years, from €50bn to €30bn, reflecting lacklustre performance and outflows at its flagship Carmignac Patrimoine fund....
...Daniel Křetínský has pushed Casino’s management to sell the retailer’s largest stores months before his planned bailout, said three people with knowledge of the discussions, an outcome its founder Jean-Charles...
...The French group, which has invested €4bn in TIM since 2015 and has had to underwrite its investment, claims the KKR deal undervalues the asset, and has said it will continue to oppose the transaction....
...Its business would include brokerage, proprietary trading, investment consulting, and securities asset management, the CSRC added....
...H2O Asset Management has been hit with a lawsuit in Paris from a group of aggrieved investors claiming that they incurred more than €700mn of losses due to its investments in illiquid assets....
...Křetínský, who will take control of the company once a debt restructuring and rescue deal are finalised in the coming months, had pushed Casino’s management to sell the retailer’s largest stores months before...
...The little-known broker is based in Voronezh, a city in Russia’s southern agricultural heartland, and has said its assets under management swelled more than 50 times in 2022 after sanctioned Russian brokers...
...Member nations will also determine what amount central security depositories will be able to keep, on top of amounts needed to cover legal and management costs....
...The sanctions against Troost will freeze any assets he might own in the UK, impose a travel ban and restrict his access to some UK financial services....
...However, Euroclear and EU policymakers’ management of sanctions issues have in reality been pretty feeble....
...Efforts at Gucci to turn around its business under new designer Sabato de Sarno as well as new management after several years of declining sales have yet to bear fruit....
...a series of strategic mis-steps and management changes....
...On its post-warning conference call, WoS management added the important detail that while Rolex supplies were as expected, the models received weren’t as flashy as hoped....
...Jay Newman was a senior portfolio manager at Elliott Management and is the author of Undermoney....
...The new external managers have yet to fire anyone from the previous management structure....
...It was loaded with too much debt, it struggled in a highly competitive domestic market and it was plagued with management quarrels and political interference from Italian governments of all stripes....
...Pictet currently manages assets of SFr638bn ($713bn) for wealthy clients and large institutions....
...Investors in Belarus’s 2023 bonds include Eurizon, the asset management unit of Italian banking group Intesa Sanpaolo, the State of Wisconsin Investment Board and Philadelphia-based Hartford Funds, according...
...AB InBev’s main competitor in Russia, Carlsberg, had its subsidiary Baltika Breweries seized and placed under “temporary management” by the state earlier this year....
...Advent International has appointed Morningstar’s Tricia Rothschild as an operating partner to work on investments in wealth and asset management....
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