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...Grant Thornton has not publicly disclosed how much New Mountain and its co-investors are paying for the 60 per cent stake, or how exactly the firm will distribute the proceeds of the investment and the new...
...Grant Thornton has not publicly disclosed how much New Mountain is paying for its stake, or how exactly the firm will distribute the proceeds of the investment and the new debt that it will also take on....
...Chief executive Stephen Bird is attempting to revive the company’s fortunes by cutting costs and axing 500 jobs — amounting to 10 per cent of its workforce — while launching new products to attract other...
...New York-based New Mountain, which manages about $50bn in assets, is known for preferring to buy privately held businesses in sectors it believes are insulated from swings in the economy....
...The new products follow Ark Invest’s purchase last year of Rize ETF, since rebranded Ark Invest Europe, in a bet on European demand for thematic ETFs, such as Wood’s....
...The division had roots in Credit Suisse First Boston’s New York mortgage securitisation business in the 1980s and was led by veteran executive Jay Kim, who moved with most of the team to Atlas SP when the...
...Son’s new villa was completed just as SoftBank pulled in tens of billions of dollars from the Middle East to launch the $100bn Vision Fund....
...Goldman Sachs’ global treasurer, Philip Berlinski, is leaving the bank after 24 years for New York-based hedge fund Millennium Management, according to two people familiar with the situation....
...The proposed tie-up comes as President Joe Biden’s administration has unleashed a crackdown on anti-competitive conduct across the US economy, and federal regulators have proposed new limits on big bank...
...[Enlarge] Further reading:— Alert: Alphaville LLC issues new research report on Duchy of Cornwall (FTAV)— Greenland: Alphaville put on its sellside hat for the deal of the century (FTAV)— Alphaville LLC...
...The New York Stock Exchange is polling market participants on the merits of trading stocks around the clock as regulators scrutinise an application for the first 24/7 bourse....
...The FT previously reported he had threatened to quit after being excluded from a new operating committee....
...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...
...The EU has launched probes into Apple, Alphabet and Meta in the first use of a landmark new law designed to rein in Big Tech’s market power....
...How fast can you build a new data centre and will you need that over time — that is an impossible problem to solve.”...
...[The long deadline] was to give people time to digest the Scott news,” they said....
...A new platform and devices team run by Rick Osterloh, senior vice-president of devices and services, will encompass those working on the hardware and software behind Android, the Chrome browser, search and...
...The EU has agreed an AI Act, which will impose new burdens on tech companies building AI models....
...strategies the energy transition promises to be a boon because it will increase complexity and require more sophisticated tools to model markets, particularly when there is a lack of historical information in a new...
...with the act, which aims to open up the most commonly used tech platforms and force greater user choice, the big tech companies have come up with a barrage of technical changes that they say will meet the new...
...The US is hungrier for football than when Pelé played for the New York Cosmos in the 1970s....
...As it is, the New York Times — one of the largest news publishers — is getting a mere $100mn over three years. Now, AI is poised to make even that asymmetric relationship look good....
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...Ken Griffin’s Citadel has agreed a ‘‘dramatic increase” of its London office footprint, with a deal to move into British Land’s new flagship City tower....
...Additional reporting by James Fontanella-Khan in New York...
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