Hints and tips:
Related Special Reports
...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....
...Last month UBS agreed to sell an additional $8bn of loans to Atlas SP as part of a renegotiation of the deal that also scrapped an associated investment management arrangement....
...He is already proving a valuable addition to the Board and management teams.”...
...In 2021, he hired three former Goldman partners — Paul Russo, Scott Rofey and Jeffrey Verschleiser — to lead the risk management of the firm’s equity, macro and rates, and credit divisions respectively....
...offer put to them by management last week....
...After a fractious call with Grant Thornton’s management last week, retirees said the sum they were offered was unfairly low, in some cases coming up short by $1mn or more....
...“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....
...Millennium, which was founded in 1989 by Izzy Englander, has grown to become one of the most prominent multi-manager hedge funds in the world, with about $63bn in assets under management and average returns...
...and that the global economy is entering a rendition of the dark ages....
...Jane Street is suing Millennium Management and two former employees for allegedly stealing trade secrets in a rare public spat between two big Wall Street investment firms....
...TCI and Pershing Square are the youngest funds on the list, competing with older groups such as Millennium and Citadel, which were founded in 1989 and 1990 respectively....
...In one instance, Weightman’s pitch to a senior Barings employee who later defected is preserved in full, offering them an “interesting private credit opportunity at Corinthia Global Management” and to send...
...The classic principal and agent relationship — where an investor outsources management of their assets to an outside party — is rife with potential conflicts of interest....
...Apparently, Apollo Global Management has other priorities....
...Instead of an annual management fee, the manager passes all costs to its end investors, covering costs such as office rents, technology and data, salaries, bonuses and client entertainment....
...The survey by the NYSE, part of Intercontinental Exchange, was put out by its data analytics team rather than its management, but it highlights the growing interest in trading the likes of Nvidia or Apple...
...The building, part of British Land’s joint venture with Singapore’s GIC at Broadgate, is under construction and due to be completed in 2027....
...Our specialists can then confirm that the vehicle correctly perceived the construction zone and communicate the lane closure to the rest of the fleet,” Waymo said....
...It “provides a significantly better data point around management’s commitment to deliver cost savings over the next few years”, Erickson added....
...Past liability management scenarios presented at JPMorgan’s high-yield and leveraged finance event this week included those of Bausch Health and Dish/EchoStar....
...Its hodgepodge included a legacy talent management agency as well as live events and a mixed martial arts league....
...Unlike other big Hollywood studios, Sony management decided not to pour billions into building its own streaming service to compete with Netflix....
...Hiroshi Lockheimer, head of Android, will be moved to work on other products and is replaced by Sameer Samat, vice-president of product management for Android and Google Play....
...“As we execute on our integration plans, this is another example of our relentless focus on working with clients and counterparties to free up capital from non-core activities and reducing costs and complexity...
...The New York-based firm raised a $12.7bn fund in 2021 and has built stakes in TikTok parent company ByteDance, fast-fashion company Shein and payments company Stripe....
International Edition