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...Stonepeak, a New York-based group now managing more than $60bn in assets, was founded by Michael Dorrell and Trent Vichie....
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...The awards event took place at Gotham Hall, New York on December 4, hosted by FT Live in association with research partner RSGI....
...Additional reporting by Josh Noble and James Fontanella-Khan in New York...
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...Exchange traded funds, already thrashing mutual funds in the battle for new investor dollars, are beginning to challenge another bastion of the asset management industry, a survey of US asset managers suggests...
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...“One of these days, some life insurance company is going to get whacked on their private credit . . . You can have a run on a life insurance company.”...
...360 Madison in New York....
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...Monetary policy: New York Federal Reserve president John Williams will speak about the 2024 economic outlook in the New York City suburb of White Plains....
...Jared Halpern, of Douglas Elliman in New York, has been telling customers that if they take out a mortgage now, they can refinance when rates are lower....
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...He went everywhere, talking to every news organisation, every lobbying group, saying, “I have the power to make these companies free. I can take them out of conservatorship.” And he was right....
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...Comerica has pledged $17bn, or 98 per cent, of its securities holdings to other lenders, including the Fed, according to Federal Deposit Insurance Corporation data....
...China’s future, The New York Times reports....
...Securities and Exchange Commission (“SEC”). As for Pawan Passi, his life has been upended by “two difficult years of intense government scrutiny,” as his lawyer says....
...New York-listed Chubb, a leading energy insurer, announced new underwriting criteria that would require clients to reduce their emissions of methane, the largest component of gas and a significant contributor...
...For instance, the Dreyfus Money Market Fund, which is part of Bank of New York Mellon, has some $2.4bn in assets under management. It’s been around for 41 years....
...Asset managers are warning that proposals by the US Securities and Exchange Commission to tighten new liquidity requirements and pricing methods for US mutual funds will drive away investors, reduce choice...
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...The US Securities and Exchange Commission is very much in the news....
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