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...This is driving consolidation in the industry as managers turn to mergers and acquisitions to bulk up, cut costs and pursue new clients or areas of growth....
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...There were many opportunities for women to make their mark in exchange traded funds in the early days, recalls Joanne Hill, who was lead ETF analyst at Goldman Sachs in the 1990s — and later co-founded Women...
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...It uses wholesale markets to fund the business but not excessively so. It levers the balance sheet but only modestly....
...the head of auto dealership group Hendrick....
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...In 2017, Best joined Elliott as the hedge fund sought to build out a private equity strategy....
...The rules will for the first time make the size of the bank created by a merger a factor in determining which deals receive further scrutiny from the FDIC....
...He added that he thought the asset management sector would see more consolidation in future. “There are just too many small fund managers there . . . [but the sector] will rebound.”...
...Also waiting to see how things play out is a small group of hedge funds that participated in a $50mn convertible debt offering this year after other funds had walked away and are sitting on more than $400mn...
...It is not surprising that when a fund comes up with one, it wishes to ensure that none of the value creation leaks to anyone else. The Jana/Cannae partnership is not completely novel....
...The problem lies not just with Liontrust and its dealmaker, chief executive John Ions, but the entire active fund management industry....
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...Additionally, limited partnership agreements seemed to indicate that Apollo should be paying expenses even as the funds and LPs were getting the bills at the time....
...In a whirl of share buybacks, new merger and acquisitions rules, successful activism and top-down pressure to improve returns, companies, the government and the stock exchange itself have done enough to...
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