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...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....
...Apollo’s accounts receivable department never knowingly, or as a matter of practice, improperly billed any Apollo-managed funds for expenses that should have been accounted for as management company expenses...
...It “provides a significantly better data point around management’s commitment to deliver cost savings over the next few years”, Erickson added....
...Apollo told him: “Apollo’s accounts receivable department never knowingly, or as a matter of practice, improperly billed any Apollo-managed funds for expenses that should have been accounted for as management...
...For Stillitano, however, a “simple question” remains: “How reliant are we on one man? We won’t know until he’s gone.”...
...Trade body UK Finance said decisions to freeze or close accounts were often linked to risk management and regulatory obligations....
...Bitwise has enlisted the pitchman from Dos Equis’s “The Most Interesting Man in the World” ad campaign, Franklin Templeton’s X account last month temporarily endowed its logo with laser eyes, a popular crypto...
...Among them are Englander’s age, his 100 per cent ownership of Millennium (although capital from him and employees accounts for almost $10bn of its assets), and the fact that clients have tied up their money...
...Did management make the right noises — or do they still think its problems are anomalous and disconnected?...
...Multi-managers have accordingly generated much of the growth in hedge fund assets under management over the past five years....
...The idea was to leave Abrdn less reliant on its £367bn investment business, which managed money for insurers and pension funds, among other clients....
...This shadow banking system now accounts for about 50 per cent of global financial services assets....
...At the end of each quarter, those with at least $100mn in assets under management must disclose their equity holdings....
...The original commitments were laid out a little over a year ago and underpinned Brasília’s claims of balancing responsible management of the public accounts with increased state expenditure....
...Then SEC chair Gary Gensler used his personal X account to shoot down what turned out to be a hack....
...“It’s not unheard of for wealthy individuals to be defrauded by someone who posed as a partner to access company secrets or bank accounts,” point out LaCorte....
...The investments part of the business, which still accounts for the lion’s share of assets under management, is weighing on expenses with a cost-income ratio of 94 per cent....
...Its private holdings account for a smaller share of it flagship fund after its public investments recovered their value, Tiger said....
...Millennium has expanded its footprint on Wall Street by investing money with dozens of smaller funds through separately managed accounts....
...While they account for only 8 per cent of the broader hedge fund industry’s assets, Goldman estimates that they account for 24 per cent of overall headcount....
...The Americas accounts for roughly half of UBS’s invested assets and nearly two-thirds of its advisers....
...In total they account for €169bn, or 11 per cent, of Europe’s €1.5tn ETF market, according to Morningstar Direct, down from a peak of 17.6 per cent in 2017....
...Such deals account for about 75 per cent of private equity dealmaking activity, according to PitchBook....
...“As assets scale, headcount (and with it their cost base) tends to grow on a linear basis,” said a report last year by Goldman Sachs prime brokerage, which estimates that multi-managers account for just...
...Many digital start-ups were reliant on large tech platforms for traffic and referrals....
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