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...global AI and machine learning team....
...Senior partners at the accounting firm BDO USA are in line for a big windfall after the arrangement of a $1.3bn debt deal with Apollo Global Management, according to people familiar with the situation....
...Not only did Apollo lose out, so did the merger arb funds: they would receive only 75 per cent of the €2.13 difference between the January sale to Apollo and the winning price....
...Tiger Global has raised $2.2bn for its latest venture capital fund, roughly a third of the $6bn target it touted to investors when it first announced the fund in 2022....
...In today’s newsletter: Tiger Global goes on the offensive Financiers pay homage to a Rothschild Dimon and debt at a packed Miami conference Tiger Global reflects on a ‘solid recovery year’ Chase Coleman...
...Sales at the company grew by 2.2 per cent to $1.4bn dollars, below analysts’ estimates, with the US accounting for almost half of total revenue....
...The first-quarter dividend of 20 cents a share is worth almost $2.5bn....
...“In a way it’s an arms race,” Russell Hardy, chief executive of Vitol, the world’s biggest oil trader, told the FT Commodities Global Summit in Lausanne this month....
...The S&P 500 index rose 24.2 per cent in 2023 in comparison....
...Bridgewater, which in 2022 lost its place at the top of the all-time rankings to Citadel, fell a further two places to fourth, losing $2.6bn....
...Expectations picked up on a three-year horizon, rising to 2.9 per cent from 2.7....
...A deep-pocketed challenge against a sport with longstanding traditions, a small roster of star players and a big global audience....
...It said together with Tamil Nadu’s state government, it would “work toward a total investment of up to USD 2 billion”....
...Although other large launches are planned for later in the year — with former Millennium co-chief investment officer Bobby Jain’s new fund Jain Global expected in July — at $4bn, Taula would still be larger...
...Overall, the digital ads market will grow 9.2 per cent this year to $617bn, according to GroupM, the media agency....
...In Messi, Inter Miami signed a star with the power to attract eyeballs all over the world to Apple TV, which had already agreed a 10-year deal worth $2.5bn to screen Major League Soccer matches globally....
...FWIW: PaLM is currently predicting a slower reversion to the Federal Reserve’s 2 per cent inflation target than professional human forecasters . . ....
...TPG, which went public in 2022, recently used its stock to help finance the $2.7bn purchase of credit manager Angelo Gordon....
...By her calculations, direct lenders were charging roughly 2.5 percentage points more than banks. A year ago, that figure was a full percentage point lower....
...Barclays’ valuation is among the cheapest of any big global bank....
...It bought out a remaining 37 per stake in insurer Global Atlantic for $2.7bn and reorganised its operations to focus shareholders on the long-term growth of its fee-based earnings, and insurance and investment...
...In the third quarter, Apollo marked up the value of its buyout holdings by 2.7 per cent, putting year-to-date gains at more than 10 per cent....
...Such a partnership deal would mark the largest of its kind in the $4tn global hedge fund industry....
...Origin’s board has recommended acceptance, with the deal giving the company an enterprise value of A$19.4bn, which includes $2.9bn of net debt....
...That is up from $2.8bn of inflows for the whole of 2022....
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