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...Under the terms of the original deal, unveiled last month, beneficiaries would get an extra 10 per cent on top of the calculated value of their retirement payments if they signed the waiver....
...People familiar with the retirees’ dispute said it centred on a discount rate being used to calculate the lifetime value of the partners’ retirement benefit....
...The cash from New Mountain, together with some debt financing, will be used to return capital to current partners, buy out retirement obligations to former partners and build a war chest for investment,...
...The money will predominantly be used to buy out retirement obligations to former partners and return capital to its 600 current partners, as well as to recapitalise the balance sheet and build a war chest...
...The database software company’s shares are down about 29 per cent since the day he announced his retirement. Slootman was not a founder of Snowflake but was brought in 2019 to take it public....
...Under the transaction with Apollo, ownership of BDO USA will remain in the hands of employees, shared among the partners and a tax efficient retirement savings vehicle known as an employee stock ownership...
...AIG has undergone significant change during his tenure, with moves including last year’s initial public offering of its life insurance and retirement business, Corebridge....
Disposal part of broader shake-up across Big Four accounting firms
...For partners, a minority equity stake that grows in value over time can be more attractive than a promise to be paid out of their partnership interest on retirement....
...In a board meeting last month, an executive at the $105bn Ohio Public Employees Retirement System said the generous return on private credit may shrink as competition intensifies....
...It built a large shareholding in 2017 by buying blocks of shares from Abu Dhabi Investment Authority and the California Public Employees’ Retirement System, sources have previously told the Financial Times...
...It does not matter whether they are in funds, which are themselves very stable, or they are on retirement services balance sheet....
...The acquisition of Boston-based Putnam will add another $136bn in assets under management, 30 per cent of which are in retirement plans....
...Striking out Nicole Musicco’s abrupt exit from the California Public Employees’ Retirement System followed a big push by the former investment chief into sports deals, Bloomberg reports....
...Retirement plans including that of US defence contractor Lockheed Martin are among the backers of crypto prime broker Hidden Road, according to people with knowledge of the matter, providing the financing...
...Many rivals of Apollo Global Management were convinced that its merger with Athene Holding, its retirement annuities affiliate, would prove a strategic blunder....
...Anglo American has appointed John Heasley, former CFO of The Weir Group, as finance director following the retirement of his predecessor Stephen Pearce....
...bet on London with start-up venture (FT) Billionaire donors cool on Ron DeSantis over rightwing policies (FT) Julius Baer/Credit Suisse: wealth manager is unclear fallout shelter (Lex) Chevron waives retirement...
...While the S&P 500 index tracks the biggest listed American companies, Apollo’s AAA is to be backed by nearly 200 investments made by Apollo’s retirement annuities merchant, Athene....
Private equity group snapped up $1.1bn of assets as it took advantage of crisis triggered by government’s mini-Budget
...Peloton offered Barry McCarthy a package it valued at $168mn to woo the former finance chief of Netflix and Spotify out of retirement and become its new chief executive, the FT’s Patrick McGee reports, a...
...Finback was considering buying a stake in Gideon Cyber Systems LLC, according to the term sheet....
...In 2018, he became the company’s third CEO since Bogle’s retirement. The company is now transforming itself into a broader wealth manager with a big move into financial advice as well....
...These investors include Abu Dhabi’s Mubadala Capital, Oregon’s public employee retirement system, Alaska’s $81bn permanent fund, two Yorkshire local government pension schemes and the pension fund of Centrica...
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
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