Hints and tips:
...Apollo told him: “Apollo’s accounts receivable department never knowingly, or as a matter of practice, improperly billed any Apollo-managed funds for expenses that should have been accounted for as management...
...Public shareholders — who once had a claim to a relatively even split between Apollo’s management fees and the performance fees its funds earn — have in recent years increased their claim on the group’s...
...FT Live event: Future of Asset Management Asia The Future of Asset Management Asia is taking place for the first time in-person on 11 May at the Westin Singapore and will bring together Asia’s leading asset...
...The sums are listed as “receivables from the manager”....
...Email me: harriet.agnew@ft.com Newsletter exclusive: deconstructing Millennium’s performance Reading Millennium Management founder Izzy Englander’s 2021 letter to investors, there are some performance...
...Regulators are also scrutinising the insurance that the lender has said is in place for its receivables....
...“They've managed a V-shaped recovery in the Chinese economy.”...
...Read the full story from the FT’s Joe Miller and Clive Cookson. Hertz: buyer beware The last time we visited rental car company Hertz, things were getting a little out of hand....
...Meanwhile, Ewan Kirk says we shouldn't believe the hype about AI and fund management....
...Resilient H1 performance led to meaningful upgrades for 2020, not so much for 2021....
...Causeway Capital Management LLC, the LA hedge fund, has declared 4.88 per cent of Micro Focus....
...Credit insurers would be affected by an increase of defaults on payments of receivables caused by supply-chain disruption (among other factors)....
...Last week’s Landsec FY20 results confirmed a portfolio decline of 8.8% (GBP1,179m, vs GBP557m in FY19) with the shape of performance as expected....
...Here’s SocGen: Unsurprising news: a) Above-average performance vs the sector?...
...The four top bosses at Melrose — Christopher Miller, David Roper, Simon Peckham and Geoffrey Martin — received at least £42m each in 2017 due to the company’s long-term incentive plan....
...Joe Miller in Frankfurt 72....
...Mr Miller argued that a bigger driver of growth was the strong performance of the funds rather than their ability to scoop up assets....
...OneMain increased its assets rapidly last year, with quarter-end receivables rising from $13.2bn in March to a projected $14.8bn in December....
...Ever so quietly, Japanese stocks have put in a great performance, as the banking sector has recovered from the dreadful scare that started last year....
...Strong cash flows have been supported by management’s efforts to refinance borrowings at ever lower interest rates....
...Another firm, V Krishnan & Co, was appointed auditor on the 28th....
...Adam Miller’s employer gives him cash rewards if his Fitbit shows he has taken a certain number of steps a day....
...Third Point said it had paid them $250,000 each, and said it would pay them another $250,000 if they joined the Dow board, plus more payments based on the performance of the Dow share price over the coming...
...Michael Malquarti, co-head of hedge fund investments at SYZ Asset Management, the Swiss fund house, added he has dropped several CTA managers that have succumbed to performance pressures by overhauling their...
...Following these discussions, the Silver Lake/Warburg Pincus Consortium proposed to alter its per share purchase price in light of the updated capitalization information provided by the Company’s management...
International Edition