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...Mellon acquired three-quarters of the London-based boutique asset manager in 1996 before purchasing the remaining chunk of the business in 2002....
...Nate Wuerffel, head of market structure at BNY Mellon and a former head of domestic markets at the New York Fed, says that if the reforms are well executed, “we could be in a world where 10 years from now...
...Steven Meier, chief investment officer of the $264bn New York City Employees Retirement Systems, said his fund was expanding into private credit when “everyone else has pulled back”....
...“Mutual funds allowed more people to get into the market,” says financial historian Richard Sylla of New York University....
...The new funds come as Republicans and Democrats are drawing battle lines over the use of environmental, social and governance factors in investing....
...Bank of New York Mellon recently boosted the number of free therapy sessions available to employees without a formal referral process from five to 12, and Goldman Sachs is rolling out training on mental...
...Sonal Desai, chief investment officer for Franklin Templeton Fixed Income, said: “We’re back in a situation where good news will be bad and bad news will be good....
...‘To the future’ Glitzy parties, super computers and high-power conferences: Saudi Arabia is pulling out all the stops to position itself as an AI superpower, the New York Times writes....
...The new regulation could help rein in the proliferation of highly leveraged bets on the Treasury market placed by hedge funds in recent years, which have come under increasing scrutiny from regulators and...
...It underscores the size gap between CVC and its rivals in New York....
..., began in New York....
...Countries around the world are struggling to fund old age benefits as longevity increases, but the US has a particularly acute problem, as more than 4.1mn Americans retire annually — or a predicted 11,200...
...The attack on a New York unit of the Industrial and Commercial Bank of China, first revealed by the Financial Times on Thursday, has exposed vulnerabilities in the Treasury market, the world’s biggest and...
...Norges Bank Investment Management, which runs the world’s biggest sovereign wealth fund and is a top-10 shareholder in Disney, is backing the board....
...Indeed, it’s telling that the steelworkers’ union actually negotiates things like capital investment into the factories that support industries like shipbuilding as part of their own collective bargaining...
...“That’s good news [for cities], because the problem is not a problem of capacity, it’s a problem of peaks,” he says....
...The compromise it struck was that BlackRock would receive 100 per cent of the management fees on GIP funds, as well as 40 per cent of the performance fees from all future funds....
...In their most recent forecasts in September, central bank officials projected the federal funds rate could still be as high as 4.9 per cent by the end of 2026....
...Calpers, the largest pension plan in the US with $452bn in assets, had total fund leverage of 8 per cent as of June 2023, which included what the fund described as “active” and “strategic” leverage....
...Tiger noted its “crossover” fund, owned by many wealthy individuals, is looking for new private investments and has the capacity to back “proven” tech companies that “are nearing liquidity events” such as...
...Since launching in 1989 with just $35mn, New York-based Millennium has grown into one of the world’s largest hedge funds, managing $60bn in assets, employing 5,400 people in 17 offices worldwide and notching...
...My career history involves writing about the credit crunch in London before arriving in New York in July 2008 to cover banking for this very column....
...investment banks....
...Some UK companies have pointed to higher valuations when choosing to list in New York rather than London....
...Herbert Smith Freehills has promoted 27 of its lawyers to partners. Latham & Watkins has hired Tracey Zaccone and Justin Rosenberg as partners in New York to focus on M&A and private equity....
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