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...MassMutual is making a minority investment in Atlas SP so it can gain access to the asset-backed debts the unit originates, packages into securities and sells....
...a $1bn investment by Hellman & Friedman in Baker Tilly US, another top 10 firm....
...Advocates say private equity can bring more efficiency to the profession and access to capital for critical investment, but the financial terms of such deals can prove controversial....
...The firm has about 600 partners in the US and is the largest member of Grant Thornton International, a network of accounting firms that use a common brand and co-ordinate services worldwide....
...H&F’s investment also underscores the growing interest of private equity in professional services firms, and represents a return to large-scale dealmaking in the US accounting sector after a hiatus caused...
...Barings told the FT that while some of its funds had paused making investments, it “remains open for business and able to invest” through other vehicles such as its US-listed entity....
...*Ignites is a news service published by FT Specialist for professionals working in the asset management industry. Trials and subscriptions are available at ignites.com....
...Citadel made a record $16bn in 2022 to displace Bridgewater as the most successful hedge fund of all time, according to research by LCH Investments....
...Half of Tuesday’s press release was dedicated to the phalanx of lawyers and investment bankers needed to untangle this web. Endeavor never really caught the fancy of the large mutual funds....
...More than half of all American households and 116mn of the country’s 333mn residents hold shares in at least one mutual fund. “The mutual fund has democratised investment....
...two player to Dimensional Fund Advisors, active ETFs held $530bn of assets at the end of 2023, according to Morningstar, 8.5 per cent of a broader ETF market once seen as synonymous with low-cost passive investment...
...The largest settlement was with Northwest Mutual for $16.5mn....
...The 10 investment banks and proprietary traders are investing a combined $172mn for a 26 per cent stake in Lutnick’s venture, called FMX. The investment will give FMX a valuation of $667mn....
...A former top investment banker at Centerview Partners did not strike a valid agreement to become a full-fledged partner at the elite advisory firm during a restaurant meeting held more than a decade ago,...
...In his ruling, Castel said that Apollo’s accounting department “deserve[d] significant blame” for the harm done to fund investors but still ruled that Rashid had violated US securities law on investment...
...as evidence for the investment thesis....
...The investment firm has been expanding its presence in Europe and announced in 2022 it was opening an office in London....
...ETF sponsors do not have to invest in the same level of back office customer service, so their costs can be lower than traditional mutual funds....
High-speed trading firm sued hedge fund last week over lucrative options trading strategy it claims were stolen
...Microsoft’s revenue in the quarter climbed 17 per cent to $61.9bn, driven by cloud computing sales and rampant demand for AI-related services on its Azure platform....
...The green investment backlash led by US Republicans has led to investment funds pulling more than $13bn from BlackRock, the world’s largest asset manager....
...European mutual funds have never had two consecutive years of negative fund flows, data from Broadridge shows....
...It also told investors that it intended to “remain disciplined” in its investment approach, “waiting for ‘fat pitches’ to swing hard”....
...fund families, while TCW and F/m Investments have filed to add mutual fund classes to existing ETFs....
...Job moves Goldman Sachs co-head of European investment banking Gonzalo Garcia has left the bank, according to a memo....
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