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...Jupiter’s chief executive officer Matthew Beesley, who joined the firm in January 2022, has embarked on a cost-cutting programme and revamp of the group’s funds as well as an expansion in overseas markets...
...That tops the $20bn it raised for a fund in 2021 and bucks a trend of shrinking fund sizes at large private capital groups as pension funds cut their exposure to unlisted assets....
...While the majority of Apple’s AI team work from offices in California and Seattle, the tech group has also expanded a significant outpost in Zurich....
...“If a group of partners came along and said, ‘join our lawsuit’, I would not have wanted to sign away my right to do that,” the former partner said. Grant Thornton declined to comment....
...between a traditional insurer and a private capital group....
...He previously worked at insurance group Aviva for more than a decade....
...years after the trust was acquired by Jupiter as part of a wider deal....
...The decision by the Merlin fund managers, described as a “fund of funds” team that invests in the group’s own funds as well as those of rivals, will come as a relief to Jupiter....
...UK asset manager Jupiter said investors pulled more money than feared from its funds last year and announced the exit of a high-profile fund manager, sending the group’s shares down by more than 10 per cent...
...The group also announced the departure of Ben Whitmore, who manages a number of funds including the £2.1bn Jupiter UK Special Situations Fund and the £1.6bn Jupiter Income Trust....
...The managers of the Chrysalis Investment Trust are to leave asset management group Jupiter, three years after the trust was acquired as part of a wider deal....
...Chrysalis Investments and its investment managers are to split from asset management group Jupiter, more than three years after the trust was acquired as part of a wider deal....
...Microsoft took a board seat and 4 per cent stake in London Stock Exchange Group as part of a 10-year partnership....
...Skadden has hired Adam Cohen and Mark Chorazak as co-heads of the financial institutions regulatory group....
...The buyer group includes the likes of Silver Lake, superagent Ari Emanuel and his sidekicks Patrick Whitesell and Mark Shapiro as well as a medley of wealth funds and other large institutional investors....
...Buyout firm Apollo’s lengthy pursuit of €1.6bn industrial certification group Applus has descended into a complex regulatory stand-off — a warning of how aggressive acquisition strategies can backfire....
...The deal has been seen as a test of officials’ comfort with large Middle Eastern funds taking direct ownership of US investment groups....
...The neobank has been searching for a permanent chief executive since June last year, when Boden stepped down following a clash with investors over fund manager Jupiter’s valuation-cutting sale of its holding...
...It concluded that Apollo’s limited partnership agreements, with pensions and sovereign wealth groups, stated that such travel and dining expenses should be borne by Apollo, not the funds and its investors...
...These funds did not appear at all in the previous tax year, when Legal and General Group, Aviva, Rio Tinto, Jupiter Asian Income — which focuses on high-yield Asian companies — and BAE Systems made up the...
...FMX is part of brokerage BGC Group, of which Lutnick is chair and chief executive....
...Still, some are being cautious, and one group of investors doesn’t seem convinced: private equity is sitting on a record number of assets....
...“Doesn’t that tell us all we need to know in terms of barriers of entry?” he asked....
...The world’s largest buyout groups, whose ascent in the fund management industry was underpinned by the use of junk-rated loans, are placing low risk lending at the heart of their growth plans....
...group....
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