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...Successfully traversing such terrain demands forecasting talent, which Ark Investment Management lacks.”...
...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....
...Some of the 350 former partners who are entitled to retirement benefits from the firm have reacted with anger after being told their regular payments would be replaced with a lump sum following the sale...
...He added funded reinsurance was one of a number of risk management measures used by Phoenix “as part of a wider strategy to maintain a well-diversified, robust balance sheet for policyholder protection”....
...make Japan’s corporate governance work to the benefit of all stakeholders”....
...“We are establishing a new model where everyone that contributes to our success has the opportunity to benefit from it,” BDO added....
...The Anguilla board disagreed, arguing that there had been no such taxable exchange and Apollo had not yet received any tax benefits....
...“The optimal assets to transition to an insurer is fixed income,” said Mike Eakins, chief investment officer at Phoenix....
...The group — whose members also include Schroders chief Peter Harrison and Phoenix boss Andy Briggs — suggested that the Treasury consider tax exemptions to incentivise domestic investment....
...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....
...Cathie Wood’s Ark Investment Management has a new pitch to investors who might be concerned by the asset manager’s huge losses owing to rising interest rates — think of the tax write-offs....
...On view will be works by some of the group’s best-known names, including Vanessa Bell and Duncan Grant, while Charleston will also offer a facsimile of a rug designed by Grant for £16,000, to benefit the...
...“For too long, we saw a lot of consolidation, which did not have benefits, but rather came at some costs....
...The hedge fund said its large bets on companies including Microsoft, Google and Meta stood to benefit from new artificial intelligence technologies....
...In the short term, Rogers also sees other benefits of AI. It helps “improve how we’re measuring things, how we’re evaluating and how we’re building . . ....
...“When we meet management teams, we always ask them ‘What is going better than you thought?’...
...You can of course buy into simple tracker vehicles, but I have one very left field idea: Phoenix Digital Assets, formerly known as NFT Investments....
...This typically means putting on bets that can benefit from macroeconomic shocks and market volatility....
...“You have to balance risks against benefits,” he said. “You have much better tracking [with a synthetic ETF] because you don’t have the tracking risk in your fund, it’s with the counterparty....
...It is raising money for a so-called capital solutions fund that will focus on structured equity investments intended to benefit from rising interest rates....
...Totality of the market from the investor side does no maturity transformation, has no access to the Fed window, does not benefit from U.S. government guarantee....
...However, with interest rates underpinning the viability of defined-benefit schemes, and about £470bn of heritage business to complete, Phoenix should have a decent pipeline of de-risking business this year...
...Even though the brand has stabilised under new management, it is still struggling to shake the perception that it has lost cachet....
...“The problem that can arise is that it’s just too expensive and the benefits of that expense can be unevenly distributed, due to crazy fees and the like.”...
...“You make a brain, but you have to train that brain for six months to drive in Phoenix, and train that brain for two years to drive in Columbus, Ohio....
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