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...That tops the $20bn it raised for a fund in 2021 and bucks a trend of shrinking fund sizes at large private capital groups as pension funds cut their exposure to unlisted assets....
...Cathie Wood’s Ark Investment Management is launching its first three active exchange traded funds in Europe, courting a new continent of investors after a run of poor performance and outflows in the US....
...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....
...He is already proving a valuable addition to the Board and management teams.”...
...“You would expect me to say this, but I think we did pay our dues in 2021 and 2022, and now we’re on the other side of that,” Wood, chief executive of Ark Investment Management, told the Financial Times....
...How Deutsche Bank’s DWS inflated its assets for years Can an asset manager count third parties’ funds in their own assets under management and annual flows?...
...Digital artworks of frogs vomiting rainbows and other cartoonish imagery have shown up in bitcoin wallets run by ETF providers, including Cathie Wood’s Ark Investment Management and Bitwise Asset Management...
...Per Bloomberg: Apollo Global Management Inc bet on the longevity of senior citizens by acquiring illegal life insurance policies and funneling the payouts through shell entities, according to a new lawsuit...
...The majority of shareholders — including local pension funds and retail holders — would have received Apollo’s price while arb funds got their pay out....
...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...
AI caramba
...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....
...US billionaire Bill Ackman’s hedge fund Pershing Square rejoined the top 20 hedge funds after leaving the rankings in 2015. It was up 27 per cent in 2023, making $3.5bn....
...Schonfeld Strategic Advisors’ main fund gained 3 per cent last year, according to investors, while Dmitry Balyasny’s hedge fund Balyasny Asset Management ended the year up 2.7 per cent in its Atlas Enhanced...
...Apollo’s accounts receivable department never knowingly, or as a matter of practice, improperly billed any Apollo-managed funds for expenses that should have been accounted for as management company expenses...
...Private market assets under management have grown nearly 20 per cent a year since 2018 and reached $13.1tn as of last June....
...Barings told the FT that while some of its funds had paused making investments, it “remains open for business and able to invest” through other vehicles such as its US-listed entity....
...Apollo told him: “Apollo’s accounts receivable department never knowingly, or as a matter of practice, improperly billed any Apollo-managed funds for expenses that should have been accounted for as management...
...A portfolio manager at Izzy Englander’s Millennium Management is preparing to launch what would be the biggest new hedge fund in more than a year after securing $3bn of capital from his employer and taking...
...Cannae pays a 1.5 per cent annual management fee, roughly $40mn, to another Foley affiliate....
...Tiger Global has raised $2.2bn for its latest venture capital fund, roughly a third of the $6bn target it touted to investors when it first announced the fund in 2022....
...The world’s largest buyout groups, whose ascent in the fund management industry was underpinned by the use of junk-rated loans, are placing low risk lending at the heart of their growth plans....
...Liability management draws in Miami crowds The sun was shining, the ocean beckoning....
...Millennium Management, the $60bn hedge fund led by Izzy Englander, and Schonfeld Strategic Advisors have terminated talks to form a partnership, according to people familiar with the situation....
...Endeavor never really caught the fancy of the large mutual funds. Its hodgepodge included a legacy talent management agency as well as live events and a mixed martial arts league....
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