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...The migration to Europe comes as Ark has lost market share in the $8.9tn US ETF market over the past 12 months....
...Amazon founder Bezos sold 50mn shares worth $8.5bn in the ecommerce group in February....
...Its five-year annualised return of 2.8 per cent trails almost all mid-cap growth and technology funds over the same span....
...In the year to the end of August, Millennium gained 5.5 per cent, Schonfeld was roughly flat, and Citadel was up 10.8 per cent, according to investors....
...London-based Schroders, which owns 8 per cent of Germany’s second-biggest provider of corporate software after SAP, said Software AG’s apparent unwillingness to engage with other potential bidders could...
...Among other multi-manager funds, Eisler Capital, which has $4bn in assets, gained 9.8 per cent last year, according to a person familiar with the matter....
...That performance has continued into this year: the S&P 500 index of leading shares hit an all-time high on Friday, driven by strong gains for the largest technology companies....
...The firm’s main fund is up about 1 per cent this year to October, while Millennium has returned 8.3 per cent in the same time period....
...The split also left Michael Dell owning 40 per cent of VMware, while Silver Lake owned 9.8 per cent....
...There is a good chance this will continue with the latest Pixel 8. But artificial intelligence-powered features such as face-swapping photo edits would not be able to claim credit for this....
...Google’s Cloud division, which turned its first operating profit this year, narrowly missed revenue forecasts, rising 22 per cent to $8.4bn compared with expectations for a gain of about 26 per cent....
...In a statement on Wednesday, Disney said it was prepared to pay $8.6bn by December 1 for the remaining stake, which would value Hulu at $27.5bn....
...That deal valued Burger King at $8.1bn including debt; 3G received another $1.8bn in cash from the Spac deal and earlier capital return while continuing to own 71 per cent of the company....
...In Australia, high-growth superannuation funds used by the majority of younger savers have typically delivered 8.8 per cent annualised returns over the past decade....
...The hedge fund ultimately ended up owning 8 per cent of Apollo and more than doubled its money by the time it exited most of the position in early 2022....
...He joins from technology-focused private equity firm True Wind Capital. EQT has hired Maarten de Jong and Mark Braganza to its private capital healthcare team, based in London....
...Millennium is up 8.3 per cent in the first 10 months of the year, according to investors....
...This year, her flagship Ark Innovation ETF is up 29 per cent, easily beating the S&P 500’s sub-8 per cent gain. Yet according to Morningstar, net outflows top $19mn....
...The idea is that managers can invest heavily in areas such as staff and technology, with the cost more than offset by the resulting performance improvements....
...Overall, Microsoft reported revenue of $56.2bn, up 8 per cent from a year before, while earnings per share rose 21 per cent to $2.69....
...Ark’s $8bn Innovation ETF, its most popular product, has delivered annualised returns of 10.8 per cent since it was launched in 2014....
...Investors clamoured for junk bonds and loans backing private equity groups’ acquisitions of financial technology company Worldpay and healthcare company Syneos Health....
...Assuming an extra €1.2bn of debt is injected, Software’s post-deal leverage rises to about 8 times ebitda, far above the current 1.4 times....
...UK fund manager Schroders, which holds 8 per cent of Software’s shares thinks this is too low....
...Performance in mainland Europe was particularly weak, as geopolitical conflicts and poor sentiment led to less tactical PR work....
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