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...The firm, one of the world’s most prominent multi-manager hedge funds, has 5,500 employees globally and more than 300 investment teams trading a range of different strategies within strict risk limits....
...TIC currently owns about 7.3 per cent of Toyota Motor, while the much larger company owns 23.5 per cent of TIC, according to LSEG data....
...In the year to the end of August, Millennium gained 5.5 per cent, Schonfeld was roughly flat, and Citadel was up 10.8 per cent, according to investors....
...Consultants McKinsey estimate that data-driven trading firms captured a quarter of gas and power trading profits globally in 2022, up from less than 5 per cent in 2021....
...London’s office vacancy rate rose to 9.5 per cent at the end of March, the highest in 20 years, according to CoStar data. Citadel’s lease runs for 15 years starting when it moves into the building....
...The cuts have crimped production of crude by some 5.3mn barrels a day, or about 5 per cent of global supply....
...Since 1936, S&P 500 dividend yields have averaged 3.5 per cent, but in the past 12 months, that yield was just 1.5 per cent....
...The merged entity would operate about 5,000 stores, employ nearly 700,000 people and generate more than $210bn in annual revenue....
...Cannae pays a 1.5 per cent annual management fee, roughly $40mn, to another Foley affiliate....
...Its $400mn convertible looks relatively cheap, yielding 4 to 4.5 per cent for a duration of 7.5 years. Viavi might have had to pay perhaps 8 per cent for a loan of similar size and duration....
...Millennium and DE Shaw, which are multi-strategy firms, took joint second place in the all-time rankings, making $5.7bn and $4.2bn last year respectively....
...OpenAI’s ChatGPT-3.5 fabricated responses 69 per cent of the time, while Meta’s Llama 2 model hit 88 per cent....
...Boeing reported earnings last week, and the stock rose 5 per cent on the results. Did management make the right noises — or do they still think its problems are anomalous and disconnected?...
...Initial public offerings have yet to rev up for 2024, but later today the Palmer Square Capital BDC will start trading on the New York Stock Exchange, after pricing 5.45mn shares at $16.45 a piece yesterday...
...Santander has asked shareholders to approve a change to its pay policy whereby the salaries of both Botín and chief executive Héctor Grisi would increase by 5 per cent, adding to the 3 per cent increase...
...But at only 4.4 per cent, according to Statcounter, its share of the global search market hardly represents a threat yet to Google, which has 89.5 per cent....
...The firms have stepped up marketing and are engaged in a fierce fee war, as every spot bitcoin ETF issuer except Grayscale, which charges a fee of 1.5 per cent, has either waived or slashed fees as the fledgling...
...The cuts would be equivalent to 5 per cent of the firm’s financial advisory division....
...The merged entity would operate more than 5,000 stores and approximately 4,000 retail pharmacies while employing nearly 700,000 staff across 48 states, the FTC said....
...In its quarterly earnings report last month, Alphabet’s overall revenue rose to $86.3bn, a 13.5 per cent year-on-year increase that was ahead of analyst expectations, although it narrowly missed forecasts...
...While its record over the past three decades is behind only Citadel and Millennium, Schonfeld’s main fund gained 4.5 per cent last year and was up about 1 per cent between January this year and October,...
...Think about what a high-yield bond investor was seeing at the end of October 2023: some good inflation news, falling Treasury yields, 9.5 per cent HY yields, dollar prices in the 80s [cents on the dollar...
...Its shares traded at around $5 on Tuesday versus a peak of $82 in August. The global EV crown is up for grabs as brand loyalty towards gas-powered cars fades....
...The filing also shows that at the end of 2022, the company had net debt of $5.8bn....
...Sandler runs US activist hedge fund Eminence Capital, which first took a stake in Entain in late 2020 and now owns a stake of between 4 and 5 per cent....
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