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...Apollo Global Management improperly agreed to pay $570mn to cover the tax bills of its top executives as part of a shake-up aimed at distancing the private equity firm from its scandal-plagued founder Leon...
...The potential windfall highlights the surge in the agency’s value since US buyout fund manager TPG acquired a minority stake in 2010, the first in a series of private equity investments in the talent management...
...Another firm linked to the family, Lime Partners LLC, also held shares in FTX and FTX US....
...Eight of the accounting firm’s most senior partners are set to leave the leadership team to make way for six newcomers, according to people briefed on the changes and documents seen by the Financial Times...
...For many asset managers and companies, 13F documents are an unwelcome intrusion. At the end of each quarter, those with at least $100mn in assets under management must disclose their equity holdings....
...“The money still hasn’t come through, so now our operations are in big trouble,” said Xiao Yungui, head of supply chain management at Missfresh, according to information shared with the Financial Times....
...Tiger’s flagship fund and a “crossover” fund sold to wealthy individual investors have gained more than 20 per cent this year compared with the same period of 2022, according to documents seen by the FT....
...Finally, AI has the ability to automate some of the basic functions of advertising and marketing, or what Rogers calls “the boring stuff”, such as the use of AI to sift through vast amounts of documents...
...In a previously unreported arrangement, Greensill offered GAM an equity warrant in his company in October 2016, according to documents setting out the terms of the deal, allowing the Swiss firm to purchase...
...Its webpage also handily documents that 130-year history, which involves the first British chartered accountant to set up shop in India....
...Jay Newman, who led hedge fund Elliott Management’s 15-year battle in the same New York court to force the country to pay out on its defaulted debt, said “this claim is so large that, even if it wanted to...
...Effron and Pruzan also earn a management fee to run the firm....
...In 2020 and 2021, GTCR focused on selling assets, disposing of about $10bn in investments while spending about $5bn, according to documents seen by DD....
...But this focus hasn’t endeared it to management teams, shareholders and boards....
...It has invested more than $20bn in private start-ups since the beginning of 2020, according to documents seen by the Financial Times....
...Goldman Sachs, Bank of America, Credit Suisse and 30 other lenders on Tuesday sold $3.84bn of junior bonds backing Elliott Management and Vista Equity Partners’ $16.5bn buyout of Citrix....
...As of early October, those investments were valued at $45bn, according to documents seen by the FT. Last year, its flagship fund lost more than 50 per cent of its value, its largest annual decline....
...— In 2022, Fintech Holdings Ltd. acquired a troubled Puerto Rico bank, renaming it Hamilton International Reserve Bank LLC (“HIRB”)....
...David Handler made sure he signed the documents this time....
...“When seeking to be acquired or go public, a founder has a lot to lose if their failures are discovered,” said David Hess, a professor of management at the University of Michigan....
...The only error in there is that it should be $5tn in assets “under management” — but that wasn’t clear from the original piece, so it’s excusable....
...To take some examples we’ve seen in the press and investor documents lately, Citadel, Millennium, and Brummer are up 29 per cent, 9.7 per cent, and 15.3 per cent respectively this year through September,...
...The new company, later named Apollo Global Management, after the sun god, was led by Black and five other former Drexel executives....
...Losses at Tiger Global Management continued to mount in October after the New York-based hedge fund was buffeted by the whipsawing value of technology stocks in the US and a sell-off in China....
...Deacons O: 8; L: 8; I: 8; Total: 24The firm achieved the listing of a suite of investment products on the Hong Kong Stock Exchange on behalf of Taiwanese asset management firm Fubon Fund Management, including...
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