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Plus: plastics crisis; greener funerals; coffee waste innovators; battery mining; recycling renewables
This year’s ranking highlights businesses that have achieved rapid revenue rises while grappling with the effects of Covid-19, war, and an energy crisis
...Last month UBS agreed to sell an additional $8bn of loans to Atlas SP as part of a renegotiation of the deal that also scrapped an associated investment management arrangement....
...Retired US partners of Grant Thornton have stepped up their fight for a bigger share of the proceeds from the sale of the accounting firm, hiring lawyers to challenge management over the terms of the deal...
...He is already proving a valuable addition to the Board and management teams.”...
...After a fractious call with Grant Thornton’s management last week, retirees said the sum they were offered was unfairly low, in some cases coming up short by $1mn or more....
...Goldman Sachs’ global treasurer, Philip Berlinski, is leaving the bank after 24 years for New York-based hedge fund Millennium Management, according to two people familiar with the situation....
...Whitmore will stay with the company until at least July, and will be replaced on the UK Special Situations fund by Alex Savvides from JO Hambro Capital Management....
...A judge in Manhattan on Friday declined to issue a temporary restraining order against Millennium Management after Jane Street demanded the hedge fund stop using a secretive international options scheme...
...Nunes, a former Republican congressman, named four equities market makers in his letter: Citadel Securities, Virtu, Jane Street and G1 Execution Services....
...There was, however, only one person being tried: Mohammed Ali Rashid, a former senior partner at Apollo Global Management....
...lawyer in Australian rugby league that provided the blueprint for the Barings raid, which has given Weightman a whole team of private credit experts for his nascent investment business Corinthia Global Management...
...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....
...Liability management draws in Miami crowds The sun was shining, the ocean beckoning....
Best-performing managers’ punchy bets on stock markets paid off in 2023
...Instead of an annual management fee, the manager passes all costs to its end investors, covering costs such as office rents, technology and data, salaries, bonuses and client entertainment....
...Veolia, which traces its origins back to the 19th century as a water service company, makes roughly a quarter of its annual revenues from energy on sales that reached nearly €43bn in 2022....
...Meanwhile the removal of a so-called key man clause, which Millennium presents as a commitment to ensuring the stability of the business, means investors have no special option to redeem if something happens...
...Unlike other big Hollywood studios, Sony management decided not to pour billions into building its own streaming service to compete with Netflix....
...It “provides a significantly better data point around management’s commitment to deliver cost savings over the next few years”, Erickson added....
...The deal also included an agreement where Atlas would provide investment management services to some of the assets Credit Suisse retained....
...Hiroshi Lockheimer, head of Android, will be moved to work on other products and is replaced by Sameer Samat, vice-president of product management for Android and Google Play....
New York-based firm’s slow pace of raising comes amid leadership change and broader fall for venture capital
...If you want to own a company with a solid franchise and a little bit of expected growth — Waste Management or UnitedHealth or Marriott — you are going to pay up....
...Botín’s total pay rose 4.3 per cent last year, with her €12.2mn package made up of €7.4mn in cash and €4.8mn in gross profit on shares and other special payments....
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