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...“We are selling something seductive to a management team,” he added. “How do you build and grow a great business?”...
...Successfully traversing such terrain demands forecasting talent, which Ark Investment Management lacks.”...
...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....
...a $1bn investment by Hellman & Friedman in Baker Tilly US, another top 10 firm....
...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....
...“You would expect me to say this, but I think we did pay our dues in 2021 and 2022, and now we’re on the other side of that,” Wood, chief executive of Ark Investment Management, told the Financial Times....
...Doing so will add $12.5bn to General Atlantic’s $83bn assets under management....
...Per Bloomberg: Apollo Global Management Inc bet on the longevity of senior citizens by acquiring illegal life insurance policies and funneling the payouts through shell entities, according to a new lawsuit...
The markets watchdog rightly intervened in the wrangling over Applus
...The asset management industry is undergoing a wave of consolidation as large investment groups such as BlackRock, Franklin Templeton and T Rowe Price push beyond their roots in listed markets, using acquisitions...
...How Deutsche Bank’s DWS inflated its assets for years Can an asset manager count third parties’ funds in their own assets under management and annual flows?...
...Digital artworks of frogs vomiting rainbows and other cartoonish imagery have shown up in bitcoin wallets run by ETF providers, including Cathie Wood’s Ark Investment Management and Bitwise Asset Management...
...A judge in Manhattan on Friday declined to issue a temporary restraining order against Millennium Management after Jane Street demanded the hedge fund stop using a secretive international options scheme...
AI caramba
...In his ruling, Castel said that Apollo’s accounting department “deserve[d] significant blame” for the harm done to fund investors but still ruled that Rashid had violated US securities law on investment...
...Apparently, Apollo Global Management has other priorities....
...business Corinthia Global 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....
...Blackstone, which has struck investment management partnerships with large insurers like AIG and Allstate, said recently it was seeing a “dramatic increase in demand” from clients for the loans....
...The top 20 managers made profits for investors of $67bn in 2023, according to research by LCH Investments, up from the previous record of $65bn in 2021....
...It also told investors that it intended to “remain disciplined” in its investment approach, “waiting for ‘fat pitches’ to swing hard”....
...His investment nous won him admirers among Wall Street royalty including Oaktree Capital Management co-founder Howard Marks and Blackstone’s Stephen Schwarzman....
...Founded more than 40 years ago, Thoma Bravo has nearly $140bn in assets under management and is renowned as one of the world’s leading software investment groups....
...Another former Goldman partner, Justin Gmelich, was hired the following year to be co-chief investment officer alongside the promoted Russo....
...Unlike other big Hollywood studios, Sony management decided not to pour billions into building its own streaming service to compete with Netflix....
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