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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....
...GMO’s Edwards, whose team manages roughly $2bn in Japanese equities, said that one cause of the scandal at TIC was that management “lacked the independence and courage to push back against” Toyota Motors...
...Actis, created as a development finance arm of the UK government, was spun out in 2004 after its management team bought a 60 per cent stake for £373,000....
...Millennium Management is in advanced talks to put billions of dollars to work with smaller rival Schonfeld Strategic Advisors, according to people familiar with the situation, in a partnership deal that...
...We’re always engaged in conversations, but I’m challenging the team and myself to think more broadly and more openly about the opportunities we have.”...
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...business Corinthia Global Management....
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...If markets are efficient then no easy pickings should exist for Silver Lake and its team....
...Apparently, Apollo Global Management has other priorities....
...It’s an apt message given it will take many more good years for Tiger to be a winning team again, and claw back to its high-water mark....
...But it is uncommon for a portfolio manager to take a big team of investment professionals with them, as Megia has done....
...The two multi-strategy fund managers had been in serious talks for several months over a deal for Schonfeld to manage money for Millennium, giving Englander’s fund access to its more than 100 investment teams...
...“If she doesn’t give the new management team sufficient power in the coming months and years . . . it will be a disaster for the company.”...
...Multi-managers have accordingly generated much of the growth in hedge fund assets under management over the past five years....
...Inter Miami, which is backed by investment group Ares Management and co-owned by construction billionaire Jorge Mas and his brother Jose, has emerged as a symbol of the convergence of sports, entertainment...
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...Zito’s team then invests it....
...Tiger has decided that having all of its investment team working from its New York headquarters was a “better operating model for our firm”, it said in a letter to investors announcing the move....
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...[because] company management knows their messages are being analysed.”...
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