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...Om Malik, a tech journalist turned Silicon Valley investor, said that the mis-step highlighted how Big Tech companies such as Apple were “doing things that make them less likeable by the day”....
...“This is such a colossal waste and a perfect representation of a not well thought out corporate strategy,” tweeted Om Malik, a venture capitalist in San Francisco....
Africa-focused telecoms infrastructure group appoints insurance veteran as chairman
...and desire to appease the gods of growth are almost universally at odds with other people including the founders whose companies he bought for handsome premiums and enriching them in the process,” said Om...
But for whom is the £600m deal more gold than myrrh?
Janus Henderson, BlackRock and Vanguard funds cost up to four times more than thought
...Another is Bristol’s Ndemic Creations, which created Plague Inc, a hit video game that simulates infectious disease outbreaks....
...The separation is aimed at enhancing the value of each of the four business units, comprising Old Mutual Wealth, Old Mutual Emerging Markets, Nedbank in South Africa and its US operation, OM Asset Management...
Large investment houses yet to decide how they will pay for investment research
Insurer has initial talks with Chinese conglomerate and two buyout groups
Board ‘endorses’ deal with New York-listed AMG as part of South African group’s retrenchment
...Just imagine if the board had accepted the cash from OM, DB, Macquarie or Nasdaq. That would really have been a bad decision....
Expats coping with second-tier city assignments share experiences and tips on frontier life
...Industrial company OM Group thinks so, too. In June, OM agreed to sell itself to Apollo and its partner Platform Specialty Products for $34 per share (about $1bn in total)....
Asset management arm tired of explaining ‘Pramerica’ to clients
Bill Gross has been reunited with a bond mandate he ran at Pimco
Mark Steward joins FCA as enforcement director from the Hong Kong Securities and Futures Commission
...Shares in OM Asset Management — Old Mutual’s US arm, which has just this remit — have risen 37 per cent since the business was floated last autumn....
...Backed by Bill Ackman’s Pershing Square hedge fund, Platform Speciality has in the past year added to its portfolio Arysta LifeSciences for $5.4bn, and OM Group for $365m....
Joanne Wheatley joins Allianz Global Investors as head of UK institutional client services
BlackRock appoints Yoshiyuki Izawa as chairman and country head of Japan
PFA, the Danish pension fund, has appointed Allan Polack as chief executive
Survey finds that focus paid dividends
Loomis Sayles has promoted Kevin Charleston to chief executive from his previous role as president
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