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...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...
...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....
...New York-based Warburg Pincus, with more than $83bn in assets under management, will gain a board seat as part of the deal....
...Additional reporting by Ortenca Aliaj in New York...
...Handler’s remaining shares in New York-based Jefferies are worth more than $800mn. Bloomberg in 2021 estimated his net worth at more than $1bn....
...The US is hungrier for football than when Pelé played for the New York Cosmos in the 1970s....
...The public listing of European private equity firm CVC Capital Partners will net one of its co-founders, Donald Mackenzie, a windfall of up to €150mn....
...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...
...A man in a Puerto Rico basketball jersey was conducting a circular argument with a Chinese woman who was waving a Trump flag at him and shouting: “American citizen!”...
...Jersey to prevent it) to a delirious embrace of the more than $10bn industry....
...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....
...to the men’s basketball franchise that the couple owns, the Brooklyn Nets of the NBA....
...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....
...Initial public offerings have yet to rev up for 2024, but later today the Palmer Square Capital BDC will start trading on the New York Stock Exchange, after pricing 5.45mn shares at $16.45 a piece yesterday...
...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...
...Google’s new marketing rules allow ads touting “cryptocurrency coin trusts” to appear alongside search results for queries such as “bitcoin ETF”....
...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....
...Private equity dealmakers have cast a wide net across white-collar professional partnerships in recent years....
...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....
...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....
...That is just one of the highlights in more than a decade’s worth of sports deals since the New Jersey native moved to Denver in 2010 and fell in love with the Broncos football team, basketball’s Denver Nuggets...
...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....
...Gulden declares that “we will again be the best sports brand”: he wants to push further into basketball, and is selling a lot of pink Inter Miami jerseys, thanks to its football star Lionel Messi....
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