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...Private credit groups including Apollo, Ares and Blackstone are poised to write the largest direct loan on record as they continue to muscle in on a lucrative business traditionally dominated by Wall Street...
...The world’s most successful hedge funds made their biggest profits on record last year as punchy bets on stock markets paid off when share prices surged....
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...The reworked deal announced on Wednesday ends that management arrangement....
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...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,...
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...The funding commitment is a substantial one for Gramercy, which has $6bn in assets under management and is best known for its emerging markets bets on Russia and Argentina....
...Then, internet companies including fintech, delivery and ecommerce services were all the rage, enjoying record listing sizes, only for their shares to sink soon after over concerns about profitability....
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...Trading conditions are OK, but well, not great, and the basis trade has (probably) hit new size records lately, as this Oxford Economics charts shows....
...The corporate shape-shifting comes as it and competitors Blackstone and Apollo Global Management have also reoriented their operations in recent years to appeal to the tastes of stockholders....
...Silver Lake, with $101bn in assets under management, is a US private equity firm known for its tech investments....
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...That record-breaking quarterly profit UBS posted last month could be used against it in proceedings....
...Apollo shares rose 5.7 per cent to a record high on Thursday....
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