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...Successfully traversing such terrain demands forecasting talent, which Ark Investment Management lacks.”...
...“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....
...As the FT reported in 2020, Apollo’s outside law firm, Paul, Weiss, conducted an investigation about the firm’s expense practices....
...Its portfolio of private company bets also was marked down. Tiger’s long positions gained about 50 per cent in 2023, but its overall portfolio only rose about half that much....
...“You could argue that, since shorting is such a challenging sub-strategy, keeping things long-biased and having a concentrated portfolio of high-quality positions has been the way to go,” Amiee said....
...A portfolio manager at Izzy Englander’s Millennium Management is preparing to launch what would be the biggest new hedge fund in more than a year after securing $3bn of capital from his employer and taking...
...Apparently, Apollo Global Management has other priorities....
...rates have hit the valuations of private start-ups, forcing Silicon Valley venture capital firms to shift their focus from raising ever-larger funds to instead ensuring the survival of companies in their portfolios...
...Italy’s finance police raided the headquarters of Serie A football club AC Milan on Tuesday as part of an investigation into potential irregularities over its 2022 sale by US hedge fund Elliott Management...
...The EU this morning announced investigations into Apple, Alphabet and Meta in the first applications of its landmark Digital Markets Act....
...Did management make the right noises — or do they still think its problems are anomalous and disconnected?...
...Last summer, the House of Representatives Select Committee on the Chinese Communist party launched an investigation into MSCI, arguing that “as a direct result of decisions made by MSCI . . ....
...Renamed GV, it now boasts more than 400 companies in its portfolio and has some $8bn in assets under management....
...It emerged during a House of Commons business and trade committee hearing that Read was under investigation. The executive mudslinging has undermined sub-postmaster’s confidence in management....
...An investigation by the FT found that the Austrian bank had posted 2,400 job advertisements in Russia since December, with some 1,500 for sales management and customer service roles....
...The value of that portfolio was marked down by nearly 20 per cent last year....
...But a sudden rise in interest rates beginning in 2022 left Tiger badly exposed to plunging valuations and holding a bloated portfolio of private investments with limited paths to exit....
...For one private equity executive at Elliott Management, however, the UK’s unloved retailers are stocked full of promise....
...PSSI, a sanitation business owned by the private equity giant, was ordered to stop using child labour after a 2022 Department of Labor investigation....
...Blackstone took control of the trust in 2013 and two years later dramatically expanded it with the purchase of a $4.6bn portfolio of commercial mortgage loans from GE Capital....
...*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....
...Most CQS staff, including chief executive Soraya Chabarek, will stay on as the firm is folded into Manulife Investment Management, which has $746bn in assets under management....
...JPMorgan Asset Management and State Street Global Advisors both confirmed they were leaving Climate Action 100+....
...In October 2021, Vista borrowed against its management company to raise $930mn, most of which was to invest in future funds, the FT has previously reported....
...“Given there are ongoing investigations as a result of these false claims, we cannot comment in detail as we refuse to prejudice those investigations,” Tyr said in a statement....
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