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...Google this year added a new premium tier to its Google One consumer subscription service for users who wanted to use its most advanced Gemini chatbot....
...Institutional Shareholder Services, another high-profile shareholder adviser, is recommending shareholders vote in favour of Abrdn’s proposals at its meeting....
...New York-based New Mountain, which manages about $50bn in assets, is known for preferring to buy privately held businesses in sectors it believes are insulated from swings in the economy....
...Capital One’s bid for Discover is the second major transaction in recent years where a JPMorgan rival has picked up an asset coveted by Dimon....
...Timothy Geithner, its chair, has said there currently is a “premium on diversification”....
...The shift makes Citadel Securities the latest financial services company to increase its reliance on Big Tech cloud services and is a win for Google as Silicon Valley companies host more business traditionally...
...Instead it has pursued an “arms dealer” approach that allows it to sell content to various streaming services....
...Activist hedge funds often buy modest stakes in listed companies then strong-arm their targets into selling themselves at a premium....
...It’s only been around since 2021 and has already amassed assets of over $50bn — making it larger than the 10 biggest public BDCs combined. In fact, by net assets it seems to be as large as the top 15....
...Google is looking at options including adding AI-powered search features to its premium subscription services, which already offer access to its new Gemini AI assistant in Gmail and Docs....
...On Monday, the Virginia-based bank said it had agreed to acquire Discover Financial Services for $35bn, to be paid all in stock....
...A new group including Mubadala, Michael Dell’s family office, Goldman Sachs Asset Management and Lexington Partners will also invest cash into Endeavor....
...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....
...The 62-year-old Australian, whose audacious poaching of more than 20 senior executives from asset manager Barings last month has already sparked litigation, spent 20 years running a property business that...
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...Balyasny runs $21bn in assets and Schonfeld has $10bn....
...The deal also included an agreement where Atlas would provide investment management services to some of the assets Credit Suisse retained....
...Anyone waiting for Boeing shares to recover their premium valuation had better be patient. One good read Reading old, busted-up scrolls with AI....
...Vanguard chief executive Tim Buckley plans to retire from the asset manager by the end of the year....
...This week, meanwhile, the FT reported that the company was working on adding a premium, paid-for “tier” of generative AI services to its search engine....
...Those may grab attention, but advertising on platforms such as Google are more efficient tools for asset managers trying to raise capital from investors, said Ben Johnson, head of client solutions for asset...
...“Taking the long-term view, we will be able to service information needs in a deeper way, and I am pretty excited about what’s ahead.”...
...Wilson urged asset management groups to think creatively and widen their business models, helping to channel more pension money into private assets and using artificial intelligence technology to “democratise...
...The research found that the top 20 managers had created $755.4bn in profits since they were set up — more than the $655.5bn in assets they are at present managing....
...At Goldman, Solomon is also seeking to achieve a similar strategic transformation to Morgan Stanley by expanding in asset and wealth management....
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