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...Cathie Wood’s Ark Investment Management is launching its first three active exchange traded funds in Europe, courting a new continent of investors after a run of poor performance and outflows in the US....
...“You would expect me to say this, but I think we did pay our dues in 2021 and 2022, and now we’re on the other side of that,” Wood, chief executive of Ark Investment Management, told the Financial Times....
...Altice announced it November it had agreed to sell a majority stake in its French data centre unit to Morgan Stanley, and has also been looking to dispose of online video advertising company Teads....
...Funds operated by Wood’s firm Ark Investment Management LLC have bought about 216,000 shares of the company over investments made on Dec. 20 and Jan. 3, according to Ark’s daily trading data compiled by...
...John Wood Group, the FTSE 250 engineering services company, should either move its listing to the US or consider a sale, activist investor Sparta Capital Management said on Tuesday....
...Here’s Franck Tuil, CIO of Sparta Capital Management, with a letter to Mark Kleinman Wood Group....
...The agreement comes after the two parties held discussions about taking the company private in the summer of 2022, when Darktrace’s market capitalisation was £2.7bn....
...Ark’s funds have a negative rating from Morningstar, which cites concerns over performance, risk management and the outsized role of Wood, who is chief executive and chief investment officer....
...Baritone Roland Wood has an infectious, Falstaffian charm as Marx, while Irish soprano Orla Boylan is Lady Bracknell-ish as woeful wife Jenny — and has a voice that could blow Marx’s beard off....
...“Ted Pick probably lowered the bar a little bit, near term, on the wealth management business,” said David Konrad, an analyst at Keefe, Bruyette & Woods....
...Last, a no-fail tip for summer tables. Radishes come in ever more shapes, colours and sizes but Thompson and Morgan’s Misato Rose Flesh radish is special....
...Liability management draws in Miami crowds The sun was shining, the ocean beckoning....
...Apparently, Apollo Global Management has other priorities....
...Morgan Stanley Investment Management has filed to adopt Vanguard’s exchange traded fund multi-share class structure, becoming the fifth in line to seek approval to do so....
...I said this to the staff of the SEC and to Gensler, which is you think that Schwab, Fidelity, Vanguard, Morgan Stanley, E-TRADE, they need to be told where to send their retail orders, like they don’t have...
...Cathie Wood’s Ark Investment Management has a new pitch to investors who might be concerned by the asset manager’s huge losses owing to rising interest rates — think of the tax write-offs....
...There’s a private credit boom going on, and underworked, bonus-anxious investment bankers and their asset management colleagues are ON IT....
...AssetCo’s active equity asset management arm subsidiary, River and Mercantile, will launch its own ETFs on Rize’s platform....
...Glass Lewis instead urged shareholders to vote for the current board alongside two new directors put forward by Disney in November — outgoing Morgan Stanley chair and chief executive James Gorman and Sir...
...It has been talking with investment banks including Evercore, Goldman Sachs and Morgan Stanley over its future strategy at a time when a golden era for private equity fundraising and dealmaking has ended...
...The company said the “transaction reflects Altice France’s strategy around balance sheet management, which notably includes executing inorganic deleveraging through proactive management of our non-core asset...
...Zoom out beyond Morgan Stanley and Citi and their moves hint at broader pressures....
...But it’s high enough to give developers a healthy profit margin, and could well spark a bidding war among them at this summer’s auction, according to Morgan Stanley....
...The list of borrowers shifting from private to public debt markets includes Veritas-backed energy consultancy Wood Mackenzie and UK insurance broker Ardonagh, according to people briefed on the matter....
...But Wood’s forecasts remain dreamily far off. Bitcoin, the world’s largest cryptocurrency, trades at more than $26,000. Wood has claimed that by the end of the decade, it will hit $1mn....
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