Hints and tips:
...It’s no coincidence that the S&P 500 is also having a stellar run....
...More than $10.4tn is in US defined contribution pension plans, and another $5.8tn is in individual retirement accounts, per the ICI....
...He and Edens will also step down as co-CEOs in a succession plan that hands day-to-day leadership responsibilities to managing partners Drew McKnight and Joshua Pack....
...The iPhone maker has been slow to use generative AI to enhance its services, adding to pressure on it to say more about its plans at its annual developer event, which normally occurs in June....
...While the S&P 500 index tracks the biggest listed American companies, Apollo’s AAA is to be backed by nearly 200 investments made by Apollo’s retirement annuities merchant, Athene....
...“Sam Bankman-Fried is the new John Pierpont Morgan — he is bailing out cryptocurrency markets the way the original J P Morgan did after the crisis of 1907,” he said in a June interview with Bloomberg....
...and Invesco, before jumping ship to benchmarking giant S&P....
...Two-fifths of the largest UK financial services firms plan to move some UK operations or staff to the EU....
...Meanwhile, the pace for retirements has slowed. Only 4.1GW of coal plants were closed in China in 2022, down from 5.2GW in 2021....
...Management Europe, taking place on 9 November at the Marriott Hotel Grosvenor Square, will bring together the top asset management firms across Europe, including Schroders, BNP Paribas Asset Management, J.P...
...Economic indicators The Institute for Supply Management and S&P Global will both release their producers’ indices for services....
...September 28-29 at the Westin Times Square will bring together senior leaders from North America’s leading asset and wealth management firms including, Oaktree Capital Management, Russell Investments, J.P...
...Morgan Stanley, Bank of America and Barclays lent $12.7bn to Elon Musk for his $44bn Twitter takeover....
...plans....
...They illustrate their argument by comparing the paths to success of the richest people in Mexico and the USA (p. 39)....
...Another Apollo investor, Connecticut Retirement Plans and Trust Funds, said it would not make new investments with the group....
...If DD readers aren’t familiar with it, CPPIB is one of the world’s largest retirement funds, standing at $456.7bn in assets as of September....
...They appealed to Schwarzman and Peterson, pointing out that Morgan Stanley’s 1930s split from JPMorgan burnished both firms....
...The US has also just made it easier for individuals to invest in private equity via their retirement plans. Is this a good idea? The jury is out....
...The Connecticut State Employees Retirement System followed, saying a $125m commitment to Apollo’s most recent buyout fund had been “made under the [state’s] previous administration and we have no plans to...
...From 2001 to 2019, the S&P 500, for example, has provided average annual returns of just 5.9 per cent....
...Morgan Stanley boss James Gorman told a recent conference that M&A was “basically dead” for the second half of the year....
...Look at J Crew and Neiman Marcus, which have filed for bankruptcy....
...Smart reads Rishi Sunak has set out his post-Brexit vision for the City of London, hailing a “new chapter for financial services” with a heavy emphasis on green initiatives....
...We are concerned that tying clients to take additional services, or demanding fees for services not provided is not in the best interests of those clients, distorts competition, undermines market confidence...
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