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...Today, those assets represent only around 3 per cent of the net asset value in our portfolio and we’ve eliminated subscale, passive, minority growth investing,” said Durban....
...The fund held about $2bn in assets at the start of 2020 but took in nearly $8bn in net new flows over the second half of that year, ending 2020 with more than $17bn in assets, according to Morningstar Direct...
...Berjaya Food, which operates Starbucks in the country, last month reported a net loss of RM42.6mn in the final three months of 2023, against a net profit of RM35.5mn one year earlier....
...Ark’s US ETFs garnered net inflows of more than $7.1bn between the start of 2021 and the end of 2023. But almost all of those inflows came in an early 2021 flurry, Morningstar Direct data shows....
Lithuanian tech company nearly doubles valuation in one year to $3bn after deal with private equity group
...While the market maker’s net trading revenue in the second quarter fell 29 per cent compared with a year ago, it still paid out dividends of $500mn to shareholders including Griffin....
...The combined entity, valued at about $35bn including net debt, will have 2,000 miles of pipeline infrastructure added to EQT’s portfolio of more than 4,000 drilling locations in Pennsylvania, West Virginia...
...Today, those assets represent only around 3 per cent of the net asset value in our portfolio and we’ve eliminated subscale, passive, minority growth investing.”...
...On a net basis after fees, that falls to 24 per cent, annualised. The divergence shows just how much difference fees and costs can make to returns....
...Privately held Vitol, which employs about 1,800 people, made a record $15.1bn in net profit in 2022 and about $13bn in 2023, making it one of the most profitable companies in the world on a per capita basis...
...Net income was $23.7bn, up 57 per cent from $15.1bn in the same period a year earlier, beating analysts’ consensus of $19.1bn....
...UBS said the new arrangement with Apollo — which included the transfer of $8bn of senior secured financing facilities — would result in a $300mn net gain for the bank....
...Cannae’s own net asset value per share of $2.4bn, or $34 per share, is well above its trading price of $22 per share....
...The LCH list calculates which managers in the $4tn hedge fund industry are most successful based on the cumulative dollar profits they have made for investors, net of fees, since inception....
...But the £1bn it is shelling out for Spirent means the combined group would be saddled with a net debt to ebitda ratio of about 7 times, Lex calculates. That is where Silver Lake comes in....
...Last week, it announced it had made a new loan to executive networking company World 50 and while filings show it was already a lender to the company, a person close to Barings described it as a “net new...
...In fact, by net assets it seems to be as large as the top 15. Here’s a telling Barclays chart from a great post Alex wrote last week on the ∾ cough ∾ curiously divergent marking of some BDC loans....
...At the end of January, total net inflows across all products were just below $1.5bn, with bitcoin trading at about $43,000, slightly down from $44,000 at the start of the year....
...Attorney-general Merrick Garland noted that Apple’s net income — which was $97bn in 2023 — “exceeds the GDP of more than 100 countries”, in large part because of the success of the iPhone....
...Private equity dealmakers have cast a wide net across white-collar professional partnerships in recent years....
...Amazon said in February that Bezos — who is among the world’s richest people with a net worth of $190bn, according to Forbes — planned to sell up to 50mn Amazon shares via broker Morgan Stanley by the end...
...Microsoft similarly decided its servers would last for six years, not four, which increased its net income by $3bn last year....
...How much this increases and how AI growth affects the global race to net zero will depend on many factors.” Google declined to comment....
...Banks could be at risk too; lower rates would pinch net interest margins, already at record lows, without doing much to curb the pipeline of bad property loans....
...The other factor is that fund flows into direct lending have been stable and growing, especially from high-net-worth investors putting money into semi-liquid BDCs [business development companies]....
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