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...While about two-thirds of the firm’s trading teams are focused on macro-related strategies, Platt has worked to diversify its capabilities into other areas such as commodities....
...Not all of L’Occitane’s discount is related to its Hong Kong listing....
...Blackstone and Goldman Sachs Asset Management declined to comment....
...The investor group also includes private credit groups Ares Management and HPS, and L Catterton, a private equity group that invested in Equinox in 2017....
...The group also includes executives of Related Companies, private credit groups Ares Management and HPS, and L Catterton, a private equity group that invested in Equinox in 2017. Read more here...
...As such the buyout does not look too shabby at 20 times this year’s operating profit on S&P Capital IQ estimates. But with more effort management might be able to double these earnings....
...You are also getting exposure to another 493 companies [in the S&P 500] that make up more than 70 per cent of the index by weight.”...
...[with] greater management and organisational flexibility, faster decision-making and execution times”....
...But what’s most entertaining is that the government goes ahead and shows the professor’s ongoing work calculating Alameda’s historical balances with FTX — basically the firm’s net P&L — from last year:...
...“Crisis management became a constant in the company . . . we used to be a very focused business, very focused management team . . . but we became even more focused, almost laser focused on some of the issues...
...The wealth management sector, buoyed by the expansion of family offices, has remained surprisingly vibrant, says Zhiwu Chen, professor of finance at Hong Kong University Business School....
...That’s an uncomfortable question to ask, in a world where we regularly hear of unscrupulous employers bullying, failing to pay overtime, or throwing qualified staff overboard, as P&O Ferries did so disgracefully...
...The seven largest holdings in NANC are all technology-related companies, headed by Nvidia, Microsoft and Amazon....
...That’s really problematic for the rest of us,” said John Duncan, co-lead for the Business Coalition for a Global Plastics Treaty, a group of more than 200 companies including Walmart, PepsiCo, and L’Oréal...
...Chelsea co-owner Todd Boehly’s Eldridge Industries is in advanced talks to buy European private credit firm Hayfin Capital Management....
...The three continuation funds include two managed by the Chinese group Legend Capital and one by US-based L Catterton....
...(Alphaville believes that using L’Oréal as an O is cheating, even if it makes your acronym look nicer.)...
...There they can remain until they are so large they qualify for the S&P 500, or are flipped to another PE fund or rival company....
...Since debuting in 2018, they have become increasingly popular with investors who have weathered pandemic-related market turbulence in 2020 and a down year for stocks and bonds in 2022....
...As would you earning $17mn a year, the median paid to those atop S&P 500 companies, for example. This is probably not fair to managers of many industrial firms, where safety is front of mind....
...L&G’s balance sheet investment unit was flat after a tougher second half for the property market, and its asset manager, Legal & General Investment Management, posted an expected fall in profit as higher...
...Free cash flow, however, reconciles those book accounting accruals of the P&L ledger to capture the real flows of actual dollars coming in and out....
...Goldman estimates that the median short interest in S&P 500 companies is still remarkably low at 1.7 per cent, but is up from 1.5 per cent at the end of 2021....
...The company’s Ageing Population and Healthcare Innovation ETFs have also fallen out of favour, alongside the L&G Cyber Security Ucits ETF....
...Whatever the strategy employed, overarching mandates of risk management and loss protection mean being underweight the winners so underperformance versus equity benchmarks is pretty much guaranteed....
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